Yousif Capital Management LLC Sells 13,249 Shares of The Coca-Cola Company (NYSE:KO)

Yousif Capital Management LLC decreased its position in shares of The Coca-Cola Company (NYSE:KO) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 527,888 shares of the company’s stock after selling 13,249 shares during the quarter. Yousif Capital Management LLC’s holdings in Coca-Cola were worth $32,866,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of KO. Quarry LP bought a new position in Coca-Cola during the 2nd quarter worth approximately $27,000. Czech National Bank lifted its stake in Coca-Cola by 6.9% in the third quarter. Czech National Bank now owns 790,169 shares of the company’s stock valued at $56,782,000 after buying an additional 51,339 shares in the last quarter. Miracle Mile Advisors LLC lifted its stake in Coca-Cola by 11.2% in the third quarter. Miracle Mile Advisors LLC now owns 9,643 shares of the company’s stock valued at $693,000 after buying an additional 972 shares in the last quarter. Greenfield Savings Bank lifted its stake in Coca-Cola by 15.2% in the third quarter. Greenfield Savings Bank now owns 18,517 shares of the company’s stock valued at $1,331,000 after buying an additional 2,443 shares in the last quarter. Finally, Versant Capital Management Inc lifted its stake in Coca-Cola by 61.9% in the third quarter. Versant Capital Management Inc now owns 6,804 shares of the company’s stock valued at $489,000 after buying an additional 2,601 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. UBS Group cut their price target on shares of Coca-Cola from $82.00 to $72.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Morgan Stanley cut their price target on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. Jefferies Financial Group raised shares of Coca-Cola from a “hold” rating to a “buy” rating and lifted their price target for the company from $69.00 to $75.00 in a research note on Thursday, January 30th. Wells Fargo & Company lowered their price objective on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Finally, Barclays lowered their price objective on shares of Coca-Cola from $73.00 to $66.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.13.

Coca-Cola Price Performance

Shares of KO opened at $62.68 on Wednesday. The company has a market cap of $270.00 billion, a price-to-earnings ratio of 25.90, a PEG ratio of 3.56 and a beta of 0.61. The Coca-Cola Company has a 1-year low of $57.93 and a 1-year high of $73.53. The company’s fifty day simple moving average is $62.62 and its 200 day simple moving average is $66.38. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53.

Coca-Cola 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.