CocaCola Company (The) $KO Shares Acquired by James Hambro & Partners LLP

Key Points

• James Hambro & Partners LLP increased its stake in CocaCola by 2.9% in Q2, now holding approximately 1.39 million shares valued at about $98.33 million.
• Several large institutional investors, including Vanguard and Wellington Management, have adjusted their holdings, demonstrating strong institutional interest with 70.26% of shares owned by such investors.
• CocaCola announced a quarterly dividend of $0.51, reflecting an annual yield of 3.1%, and set a FY 2025 EPS guidance of 2.970.

James Hambro & Partners LLP increased its holdings in CocaCola Company (The) (NYSE:KO - Free Report) by 2.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,390,375 shares of the company's stock after acquiring an additional 38,569 shares during the quarter. CocaCola makes up about 3.9% of James Hambro & Partners LLP's holdings, making the stock its 15th biggest position. James Hambro & Partners LLP's holdings in CocaCola were worth $98,334,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of CocaCola by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 361,200,808 shares of the company's stock valued at $25,869,202,000 after acquiring an additional 1,114,422 shares during the period. Wellington Management Group LLP increased its stake in CocaCola by 52.7% in the 1st quarter. Wellington Management Group LLP now owns 47,447,430 shares of the company's stock valued at $3,398,185,000 after buying an additional 16,383,870 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in CocaCola by 6.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 30,889,415 shares of the company's stock valued at $2,212,300,000 after buying an additional 1,794,561 shares during the period. Amundi increased its stake in CocaCola by 16.0% in the 1st quarter. Amundi now owns 21,236,315 shares of the company's stock valued at $1,554,074,000 after buying an additional 2,922,619 shares during the period. Finally, Nuveen LLC acquired a new position in CocaCola in the 1st quarter valued at $1,508,657,000. 70.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $69.10, for a total value of $2,584,063.60. Following the completion of the transaction, the insider owned 209,513 shares of the company's stock, 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 document filed with the SEC, which is available through this link. 0.97% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

KO has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered their price target on shares of CocaCola from $78.00 to $75.00 and set an "overweight" rating on the stock in a research note on Thursday. UBS Group cut their price objective on shares of CocaCola from $84.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday, September 11th. JPMorgan Chase & Co. increased their target price on shares of CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. BNP Paribas reaffirmed an "outperform" rating and issued a $83.00 price objective on shares of CocaCola in a research report on Monday, July 21st. Finally, Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the company an "outperform" rating in a research note on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. Based on data from MarketBeat, CocaCola currently has a consensus rating of "Buy" and a consensus price target of $76.93.

CocaCola Stock Performance

CocaCola stock opened at $65.64 on Friday. The company has a market cap of $282.49 billion, a PE ratio of 23.28, a P/E/G ratio of 3.42 and a beta of 0.43. The company has a fifty day moving average price of $68.58 and a two-hundred day moving average price of $70.05. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.21 and a quick ratio of 0.98. CocaCola Company has a 12 month low of $60.62 and a 12 month high of $74.38.

CocaCola (NYSE:KO - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.04. The firm had revenue of $12.50 billion during the quarter, compared to the consensus estimate of $12.55 billion. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The firm's revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.84 earnings per share. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Research analysts expect that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Monday, September 15th. CocaCola's payout ratio is currently 72.34%.

CocaCola 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.

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