Yousif Capital Management LLC Sells 5,626 Shares of The Coca-Cola Company (NYSE:KO)

Yousif Capital Management LLC trimmed its position in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 1.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 522,262 shares of the company's stock after selling 5,626 shares during the period. Yousif Capital Management LLC's holdings in Coca-Cola were worth $37,404,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Tallon Kerry Patrick purchased a new stake in shares of Coca-Cola during the 4th quarter worth about $241,000. Brighton Jones LLC raised its holdings in Coca-Cola by 13.3% during the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company's stock valued at $2,433,000 after buying an additional 4,591 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Coca-Cola during the 4th quarter worth about $24,472,000. Revolve Wealth Partners LLC increased its holdings in shares of Coca-Cola by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company's stock valued at $548,000 after acquiring an additional 293 shares during the last quarter. Finally, WCM Investment Management LLC lifted its holdings in Coca-Cola by 145.6% in the 4th quarter. WCM Investment Management LLC now owns 64,128 shares of the company's stock worth $3,978,000 after purchasing an additional 38,017 shares during the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on KO. Piper Sandler raised their target price on shares of Coca-Cola from $73.00 to $80.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Royal Bank of Canada raised their price target on shares of Coca-Cola from $73.00 to $76.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. lifted their target price on Coca-Cola from $74.00 to $78.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. UBS Group upped their price target on Coca-Cola from $84.00 to $86.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Finally, Wells Fargo & Company lifted their price objective on Coca-Cola from $70.00 to $75.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $76.00.

Insider Buying and Selling at Coca-Cola

In related news, EVP Beatriz R. Perez sold 60,326 shares of the company's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $71.87, for a total value of $4,335,629.62. Following the completion of the transaction, the executive vice president now directly owns 187,716 shares of the company's stock, valued at approximately $13,491,148.92. This represents a 24.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO John Murphy sold 88,658 shares of Coca-Cola stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $72.09, for a total value of $6,391,355.22. Following the completion of the sale, the chief financial officer now directly owns 205,511 shares in the company, valued at $14,815,287.99. This represents a 30.14% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 415,387 shares of company stock worth $29,923,985. Insiders own 0.97% of the company's stock.

Coca-Cola Price Performance

Shares of Coca-Cola stock traded up $0.59 during midday trading on Tuesday, reaching $72.36. The company had a trading volume of 12,260,422 shares, compared to its average volume of 15,791,949. The stock has a fifty day simple moving average of $71.39 and a 200 day simple moving average of $67.68. The Coca-Cola Company has a 1-year low of $60.62 and a 1-year high of $74.38. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $311.44 billion, a price-to-earnings ratio of 29.29, a price-to-earnings-growth ratio of 3.79 and a beta of 0.46.

Coca-Cola (NYSE:KO - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.02. The company had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.23 billion. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. The company's revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the firm earned $0.72 EPS. As a group, equities research analysts forecast that The Coca-Cola Company will post 2.96 earnings per share for the current year.

Coca-Cola Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend is Friday, June 13th. Coca-Cola's dividend payout ratio is presently 81.60%.

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.