Ycg LLC Cuts Position in The Coca-Cola Company (NYSE:KO)

Ycg LLC lowered its position in shares of The Coca-Cola Company (NYSE:KO) by 5.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 83,677 shares of the company’s stock after selling 4,808 shares during the period. Ycg LLC’s holdings in Coca-Cola were worth $4,997,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Patrick M Sweeney & Associates Inc. purchased a new stake in shares of Coca-Cola during the fourth quarter valued at approximately $410,000. Beacon Pointe Advisors LLC grew its position in shares of Coca-Cola by 24.7% during the fourth quarter. Beacon Pointe Advisors LLC now owns 450,523 shares of the company’s stock worth $26,549,000 after buying an additional 89,139 shares in the last quarter. Birchcreek Wealth Management LLC grew its position in shares of Coca-Cola by 12.6% during the fourth quarter. Birchcreek Wealth Management LLC now owns 4,539 shares of the company’s stock worth $267,000 after buying an additional 507 shares in the last quarter. Smart Money Group LLC grew its position in shares of Coca-Cola by 21.6% during the fourth quarter. Smart Money Group LLC now owns 4,932 shares of the company’s stock worth $291,000 after buying an additional 877 shares in the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO grew its position in shares of Coca-Cola by 3.2% during the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 46,470 shares of the company’s stock worth $2,738,000 after buying an additional 1,455 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Analyst Ratings Changes

KO has been the subject of a number of recent analyst reports. Evercore ISI raised their price target on shares of Coca-Cola from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. StockNews.com raised shares of Coca-Cola from a “hold” rating to a “buy” rating in a research report on Thursday. Argus lifted their price objective on shares of Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, May 22nd. Barclays lifted their price objective on shares of Coca-Cola from $68.00 to $69.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Coca-Cola from $68.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Coca-Cola has a consensus rating of “Moderate Buy” and an average price target of $70.00.

Insider Activity at Coca-Cola

In other Coca-Cola news, EVP Monica Howard Douglas sold 8,874 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $63.31, for a total value of $561,812.94. Following the sale, the executive vice president now directly owns 33,638 shares in the company, valued at $2,129,621.78. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Coca-Cola news, EVP Monica Howard Douglas sold 8,874 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $63.31, for a total value of $561,812.94. Following the sale, the executive vice president now directly owns 33,638 shares in the company, valued at $2,129,621.78. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Cola Co Coca sold 598,619 shares of the business’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $925.00, for a total transaction of $553,722,575.00. Following the completion of the sale, the insider now owns 1,883,546 shares in the company, valued at $1,742,280,050. The disclosure for this sale can be found here. Insiders have sold a total of 822,284 shares of company stock worth $567,718,040 over the last ninety days. 0.97% of the stock is currently owned by corporate insiders.

Coca-Cola Stock Performance

KO stock traded up $0.64 during mid-day trading on Friday, reaching $63.74. The company had a trading volume of 9,200,088 shares, compared to its average volume of 12,953,749. The Coca-Cola Company has a one year low of $51.55 and a one year high of $64.36. The stock’s 50-day simple moving average is $63.01 and its two-hundred day simple moving average is $61.04. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $274.59 billion, a P/E ratio of 25.46, a P/E/G ratio of 3.55 and a beta of 0.59.

Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. Coca-Cola had a net margin of 23.41% and a return on equity of 42.74%. The business had revenue of $11.30 billion for the quarter, compared to analysts’ expectations of $11.01 billion. During the same period in the previous year, the business earned $0.68 earnings per share. The company’s revenue was up 2.7% on a year-over-year basis. Research analysts anticipate that The Coca-Cola Company will post 2.82 EPS for the current year.

Coca-Cola Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 14th were paid a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date was Friday, June 14th. Coca-Cola’s dividend payout ratio is currently 77.60%.

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.