The Coca-Cola Company (NYSE:KO) Stake Increased by ST Germain D J Co. Inc.

ST Germain D J Co. Inc. grew its holdings in The Coca-Cola Company (NYSE:KO) by 17.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 25,440 shares of the company’s stock after purchasing an additional 3,774 shares during the period. ST Germain D J Co. Inc.’s holdings in Coca-Cola were worth $1,584,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Y.D. More Investments Ltd raised its holdings in shares of Coca-Cola by 190.8% during the second quarter. Y.D. More Investments Ltd now owns 1,765 shares of the company’s stock worth $112,000 after acquiring an additional 1,158 shares in the last quarter. Achmea Investment Management B.V. increased its position in Coca-Cola by 1.7% during the second quarter. Achmea Investment Management B.V. now owns 143,615 shares of the company’s stock worth $9,141,000 after buying an additional 2,350 shares during the last quarter. PFG Advisors increased its position in Coca-Cola by 4.7% during the second quarter. PFG Advisors now owns 12,755 shares of the company’s stock worth $812,000 after buying an additional 567 shares during the last quarter. Ullmann Wealth Partners Group LLC increased its position in Coca-Cola by 6.9% during the second quarter. Ullmann Wealth Partners Group LLC now owns 7,901 shares of the company’s stock worth $503,000 after buying an additional 512 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its position in Coca-Cola by 8.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 8,310,453 shares of the company’s stock worth $532,558,000 after buying an additional 640,402 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Insiders Place Their Bets

In other Coca-Cola news, CEO James Quincey sold 100,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $64.03, for a total transaction of $6,403,000.00. Following the completion of the transaction, the chief executive officer now owns 342,546 shares in the company, valued at $21,933,220.38. This trade represents a 22.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.97% of the company’s stock.

Coca-Cola Stock Down 1.2 %

NYSE KO opened at $60.98 on Friday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 1.06. The firm has a 50-day simple moving average of $62.91 and a 200 day simple moving average of $66.46. The Coca-Cola Company has a twelve month low of $57.93 and a twelve month high of $73.53. The stock has a market cap of $262.69 billion, a PE ratio of 25.20, a PEG ratio of 3.83 and a beta of 0.61.

Coca-Cola (NYSE:KO) last released its earnings results on Wednesday, October 23rd. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.03. The business had revenue of $11.85 billion during the quarter, compared to analysts’ expectations of $11.61 billion. Coca-Cola had a net margin of 22.45% and a return on equity of 44.01%. The firm’s revenue was down .8% on a year-over-year basis. During the same quarter last year, the company earned $0.74 earnings per share. On average, research analysts forecast that The Coca-Cola Company will post 2.85 EPS for the current year.

Coca-Cola Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date was Friday, November 29th. Coca-Cola’s dividend payout ratio is 80.17%.

Analysts Set New Price Targets

KO has been the topic of several analyst reports. Barclays lowered their target price on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Hsbc Global Res raised shares of Coca-Cola to a “strong-buy” rating in a research report on Friday, September 27th. Truist Financial increased their target price on shares of Coca-Cola from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Morgan Stanley lowered their target price on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a research report on Thursday, October 24th. Finally, Wells Fargo & Company lowered their price target on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday. Two research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $72.60.

Coca-Cola Company Profile

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.