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

Ycg LLC lessened its holdings in The Coca-Cola Company (NYSE:KO) by 5.4% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other Coca-Cola news, EVP Beatriz R. Perez sold 57,298 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $61.99, for a total transaction of $3,551,903.02. Following the completion of the sale, the executive vice president now directly owns 167,107 shares in the company, valued at $10,358,962.93. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Beatriz R. Perez sold 57,298 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $61.99, for a total transaction of $3,551,903.02. Following the completion of the transaction, the executive vice president now directly owns 167,107 shares of the company’s stock, valued at $10,358,962.93. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Monica Howard Douglas sold 8,874 shares of the stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $63.31, for a total transaction of $561,812.94. Following the completion of the transaction, the executive vice president now directly owns 33,638 shares of the company’s stock, valued at $2,129,621.78. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 822,284 shares of company stock worth $567,718,040. Corporate insiders own 0.97% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on KO shares. Barclays lifted their price target 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. StockNews.com raised shares of Coca-Cola from a “hold” rating to a “buy” rating in a report on Thursday. Evercore ISI lifted their price target on shares of Coca-Cola from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Bank of America boosted their target price on shares of Coca-Cola from $68.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. boosted their target price on shares of Coca-Cola from $68.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $70.00.

Coca-Cola Price Performance

Shares of Coca-Cola stock traded up $0.64 during trading on Friday, hitting $63.74. The stock had a trading volume of 9,200,088 shares, compared to its average volume of 12,953,749. The firm has a market cap of $274.59 billion, a price-to-earnings ratio of 25.46, a P/E/G ratio of 3.55 and a beta of 0.59. The Coca-Cola Company has a 12 month low of $51.55 and a 12 month high of $64.36. The business’s 50-day moving average is $63.01 and its 200 day moving average is $61.04. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.26.

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

Coca-Cola Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 14th were given a $0.485 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.94 annualized dividend and a yield of 3.04%. Coca-Cola’s dividend payout ratio (DPR) is presently 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.