Yousif Capital Management LLC Sells 30,387 Shares of CocaCola Company (The) $KO

Yousif Capital Management LLC lessened its holdings in shares of CocaCola Company (The) (NYSE:KO) by 6.0% during the third quarter, Holdings Channel.com reports. The firm owned 474,544 shares of the company’s stock after selling 30,387 shares during the quarter. Yousif Capital Management LLC’s holdings in CocaCola were worth $31,472,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Requisite Capital Management LLC raised its holdings in CocaCola by 2.8% during the 2nd quarter. Requisite Capital Management LLC now owns 5,285 shares of the company’s stock worth $377,000 after purchasing an additional 142 shares during the last quarter. Paulson Wealth Management Inc. increased its position in shares of CocaCola by 2.2% during the second quarter. Paulson Wealth Management Inc. now owns 6,773 shares of the company’s stock worth $479,000 after buying an additional 149 shares during the period. Summitry LLC increased its position in shares of CocaCola by 1.9% during the second quarter. Summitry LLC now owns 7,865 shares of the company’s stock worth $556,000 after buying an additional 149 shares during the period. Pacifica Partners Inc. raised its stake in CocaCola by 6.3% during the second quarter. Pacifica Partners Inc. now owns 2,518 shares of the company’s stock worth $177,000 after buying an additional 150 shares during the last quarter. Finally, Cetera Trust Company N.A lifted its holdings in CocaCola by 0.5% in the second quarter. Cetera Trust Company N.A now owns 30,371 shares of the company’s stock valued at $2,149,000 after buying an additional 150 shares during the period. 70.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KO has been the subject of a number of recent analyst reports. Evercore ISI reiterated an “outperform” rating on shares of CocaCola in a report on Tuesday, October 21st. UBS Group restated a “buy” rating on shares of CocaCola in a research report on Friday, December 5th. Wells Fargo & Company lifted their target price on CocaCola from $75.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Barclays reissued an “overweight” rating on shares of CocaCola in a research note on Thursday, October 23rd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CocaCola in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company’s stock. According to data from MarketBeat.com, CocaCola currently has an average rating of “Buy” and a consensus target price of $79.08.

CocaCola Stock Up 0.2%

KO stock opened at $70.19 on Tuesday. The stock’s 50 day simple moving average is $70.33 and its 200 day simple moving average is $69.43. The company has a market cap of $301.92 billion, a P/E ratio of 23.24, a price-to-earnings-growth ratio of 3.89 and a beta of 0.39. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.00 and a current ratio of 1.21. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38.

CocaCola (NYSE:KO) last announced its quarterly earnings data on Thursday, March 27th. The company reported $0.55 EPS for the quarter. The firm had revenue of $11.40 billion during the quarter. CocaCola had a return on equity of 43.62% and a net margin of 27.34%. On average, research analysts expect that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Monday, December 1st. CocaCola’s payout ratio is 67.55%.

Insider Activity

In other CocaCola news, COO Henrique Braun sold 40,390 shares of the firm’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $70.93, for a total value of $2,864,862.70. Following the transaction, the chief operating officer directly owned 62,621 shares of the company’s stock, valued at approximately $4,441,707.53. This trade represents a 39.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Monica Howard Douglas sold 13,548 shares of the business’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $69.93, for a total transaction of $947,411.64. Following the sale, the executive vice president directly owned 37,725 shares of the company’s stock, valued at approximately $2,638,109.25. The trade was a 26.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 225,252 shares of company stock valued at $15,953,007. 0.90% of the stock is currently owned by insiders.

CocaCola Profile

The Coca‑Cola Company (NYSE: KO) is a global beverage manufacturer, marketer and distributor best known for its flagship Coca‑Cola soda. Headquartered in Atlanta, Georgia, the company develops and sells concentrates, syrups and finished beverages across a broad portfolio of brands. Its product range spans sparkling soft drinks, bottled water, sports drinks, juices, ready‑to‑drink teas and coffees, and other still beverages, marketed under both global and regional brand names.

Coca‑Cola’s brand portfolio includes widely recognized names such as Coca‑Cola, Diet Coke, Coca‑Cola Zero Sugar, Sprite, Fanta, Minute Maid, Powerade and Dasani, and in recent years the company has expanded into the coffee and premium beverage categories through acquisitions such as Costa Coffee.