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

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

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Retirement Systems of Alabama lifted its holdings in shares of Coca-Cola by 50.3% during the 4th quarter. Retirement Systems of Alabama now owns 1,812,940 shares of the company’s stock worth $112,874,000 after acquiring an additional 606,328 shares during the period. Sargent Investment Group LLC lifted its holdings in shares of Coca-Cola by 7.1% during the 4th quarter. Sargent Investment Group LLC now owns 3,658 shares of the company’s stock worth $226,000 after acquiring an additional 243 shares during the period. Cassia Capital Partners LLC lifted its holdings in shares of Coca-Cola by 41.2% during the 4th quarter. Cassia Capital Partners LLC now owns 16,345 shares of the company’s stock worth $1,018,000 after acquiring an additional 4,769 shares during the period. Tanager Wealth Management LLP lifted its holdings in shares of Coca-Cola by 41.0% during the 4th quarter. Tanager Wealth Management LLP now owns 4,315 shares of the company’s stock worth $269,000 after acquiring an additional 1,255 shares during the period. Finally, E. Ohman J or Asset Management AB lifted its holdings in shares of Coca-Cola by 11.5% during the 4th quarter. E. Ohman J or Asset Management AB now owns 184,340 shares of the company’s stock worth $11,477,000 after acquiring an additional 19,040 shares during the period. 70.26% of the stock is owned by institutional investors.

Insider Activity

In other 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 value of $6,403,000.00. Following the transaction, the chief executive officer now owns 342,546 shares of the company’s stock, valued at approximately $21,933,220.38. This trade represents a 22.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KO. TD Cowen raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Wednesday, January 8th. Jefferies Financial Group upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and increased their target price for the stock from $69.00 to $75.00 in a research report on Thursday, January 30th. Piper Sandler dropped their target price on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. 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. Finally, UBS Group dropped their target price on shares of Coca-Cola from $82.00 to $72.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $72.13.

Coca-Cola Trading Down 1.1 %

KO opened at $62.68 on Wednesday. The stock has a market capitalization of $270.00 billion, a PE ratio of 25.90, a PEG ratio of 3.56 and a beta of 0.61. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53. The Coca-Cola Company has a 1-year low of $57.93 and a 1-year high of $73.53. The firm has a 50-day moving average price of $62.62 and a two-hundred day moving average price of $66.38.

About Coca-Cola

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.