Yousif Capital Management LLC Sells 17,331 Shares of CocaCola Company (The) $KO

Key Points

• Yousif Capital Management LLC has reduced its holdings in Coca-Cola by 3.3%, selling 17,331 shares during the second quarter, leading to a total of 504,931 shares valued at approximately $35.72 million.
• Insider Nikolaos Koumettis sold 37,396 shares of Coca-Cola stock in August for about $2.58 million, which represented a 15.15% decrease in their ownership.
• Coca-Cola recently announced a quarterly dividend of $0.51 per share, reflecting an annualized dividend yield of 3.0%, with a current payout ratio of 72.34%.

Yousif Capital Management LLC reduced its holdings in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 3.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 504,931 shares of the company's stock after selling 17,331 shares during the quarter. Yousif Capital Management LLC's holdings in CocaCola were worth $35,724,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of KO. Brighton Jones LLC lifted its holdings in CocaCola by 13.3% during the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company's stock worth $2,433,000 after acquiring an additional 4,591 shares during the period. Revolve Wealth Partners LLC lifted its holdings in CocaCola by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company's stock worth $548,000 after acquiring an additional 293 shares during the period. GAMMA Investing LLC lifted its holdings in CocaCola by 19.0% during the first quarter. GAMMA Investing LLC now owns 83,231 shares of the company's stock worth $5,961,000 after acquiring an additional 13,261 shares during the period. NorthCrest Asset Manangement LLC raised its stake in shares of CocaCola by 21.7% in the first quarter. NorthCrest Asset Manangement LLC now owns 17,291 shares of the company's stock valued at $1,238,000 after buying an additional 3,078 shares during the period. Finally, Krilogy Financial LLC raised its stake in shares of CocaCola by 5.3% in the first quarter. Krilogy Financial LLC now owns 11,548 shares of the company's stock valued at $827,000 after buying an additional 584 shares during the period. 70.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Nikolaos Koumettis sold 37,396 shares of the business's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the completion of the transaction, the insider directly owned 209,513 shares in the company, valued at $14,477,348.30. The trade was a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.90% of the stock is currently owned by insiders.

CocaCola Stock Performance

NYSE:KO opened at $67.05 on Monday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21. CocaCola Company has a 52-week low of $60.62 and a 52-week high of $74.38. The firm has a market cap of $288.55 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 3.49 and a beta of 0.43. The business's fifty day moving average is $68.06 and its 200 day moving average is $69.84.

CocaCola (NYSE:KO - Get Free Report) last posted its earnings results on Thursday, March 27th. The company reported $0.55 EPS for the quarter. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.The business had revenue of $11.40 billion during the quarter. Research analysts predict that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 3.0%. The ex-dividend date was Monday, September 15th. CocaCola's payout ratio is presently 72.34%.

Analyst Ratings Changes

KO has been the topic of several research reports. Weiss Ratings restated a "buy (b-)" rating on shares of CocaCola in a research note on Wednesday, October 8th. JPMorgan Chase & Co. boosted their target price on CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. UBS Group decreased their price objective on CocaCola from $84.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday, September 11th. Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the company an "outperform" rating in a research note on Monday, July 21st. Finally, Wells Fargo & Company decreased their price objective on CocaCola from $78.00 to $75.00 and set an "overweight" rating on the stock in a research note on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company's stock. According to MarketBeat, CocaCola presently has an average rating of "Buy" and an average price target of $76.93.

About CocaCola

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.

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