Yeomans Consulting Group Inc. Sells 2,904 Shares of The Coca-Cola Company (NYSE:KO)

Yeomans Consulting Group Inc. lowered its holdings in The Coca-Cola Company (NYSE:KO) by 7.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,552 shares of the company’s stock after selling 2,904 shares during the period. Coca-Cola comprises about 0.9% of Yeomans Consulting Group Inc.’s portfolio, making the stock its 21st largest holding. Yeomans Consulting Group Inc.’s holdings in Coca-Cola were worth $2,400,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fred Alger Management LLC boosted its holdings in shares of Coca-Cola by 7.5% in the 2nd quarter. Fred Alger Management LLC now owns 102,078 shares of the company’s stock valued at $6,497,000 after buying an additional 7,160 shares during the last quarter. Drucker Wealth 3.0 LLC bought a new stake in Coca-Cola during the second quarter worth $3,368,000. Delta Investment Management LLC lifted its stake in Coca-Cola by 4.1% in the second quarter. Delta Investment Management LLC now owns 7,114 shares of the company’s stock valued at $453,000 after acquiring an additional 283 shares during the last quarter. Daymark Wealth Partners LLC grew its position in shares of Coca-Cola by 5.6% in the 2nd quarter. Daymark Wealth Partners LLC now owns 224,335 shares of the company’s stock valued at $14,279,000 after acquiring an additional 11,904 shares during the period. Finally, MBB Public Markets I LLC increased its stake in shares of Coca-Cola by 1,716.8% during the 2nd quarter. MBB Public Markets I LLC now owns 290,784 shares of the company’s stock worth $18,508,000 after purchasing an additional 274,779 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on KO shares. Barclays cut their target price on shares of Coca-Cola from $73.00 to $66.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Deutsche Bank Aktiengesellschaft raised Coca-Cola from a “hold” rating to a “buy” rating and raised their price objective for the company from $68.00 to $70.00 in a research report on Thursday, December 12th. Morgan Stanley decreased their target price on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Thursday, October 24th. UBS Group cut their price target on Coca-Cola from $82.00 to $72.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Finally, Wells Fargo & Company dropped their price objective on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Coca-Cola has an average rating of “Moderate Buy” and a consensus target price of $72.07.

Insider Buying and Selling

In related news, CEO James Quincey sold 100,000 shares of Coca-Cola stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $64.03, for a total transaction of $6,403,000.00. Following the sale, the chief executive officer now directly owns 342,546 shares in the company, valued at $21,933,220.38. This trade represents a 22.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.97% of the stock is currently owned by corporate insiders.

Coca-Cola Price Performance

KO stock opened at $61.54 on Friday. The stock has a market cap of $265.08 billion, a price-to-earnings ratio of 25.43, a P/E/G ratio of 3.42 and a beta of 0.61. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90. The company has a 50 day simple moving average of $62.63 and a 200 day simple moving average of $66.40. The Coca-Cola Company has a 1 year low of $57.93 and a 1 year high of $73.53.

Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.03. Coca-Cola had a net margin of 22.45% and a return on equity of 44.01%. The company had revenue of $11.85 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same period in the prior year, the business earned $0.74 earnings per share. The company’s revenue for the quarter was down .8% compared to the same quarter last year. Research analysts anticipate that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

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.