CocaCola Company (The) $KO Shares Bought by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management increased its stake in the CocaCola Company by 6.2% in the first quarter, acquiring an additional 1,794,561 shares to own approximately $2.21 billion in total.
• The CocaCola Company declared a quarterly dividend of $0.51, set to be paid on October 1st, with a dividend yield of 3.0%.
• In its latest earnings report, CocaCola reported $0.87 EPS, beating analysts' expectations, even as revenue grew 2.5% year-over-year to $12.50 billion.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 6.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,889,415 shares of the company's stock after acquiring an additional 1,794,561 shares during the period. CocaCola accounts for about 0.6% of UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC's investment portfolio, making the stock its 26th biggest holding. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.72% of CocaCola worth $2,212,300,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. MorganRosel Wealth Management LLC acquired a new position in CocaCola in the first quarter valued at approximately $25,000. Garde Capital Inc. acquired a new position in shares of CocaCola during the first quarter worth approximately $30,000. Mizuho Securities Co. Ltd. boosted its position in shares of CocaCola by 360.0% during the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock worth $33,000 after buying an additional 360 shares during the period. Ridgewood Investments LLC boosted its position in shares of CocaCola by 148.4% during the first quarter. Ridgewood Investments LLC now owns 477 shares of the company's stock worth $34,000 after buying an additional 285 shares during the period. Finally, Moser Wealth Advisors LLC boosted its position in shares of CocaCola by 449.5% during the first quarter. Moser Wealth Advisors LLC now owns 500 shares of the company's stock worth $36,000 after buying an additional 409 shares during the period. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total value of $2,584,063.60. Following the completion of the sale, the insider owned 209,513 shares in the company, valued at approximately $14,477,348.30. This trade represents a 15.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.90% of the company's stock.

CocaCola Price Performance

Shares of NYSE:KO opened at $67.43 on Tuesday. The company's fifty day moving average is $69.59 and its two-hundred day moving average is $70.46. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38. The company has a market cap of $290.18 billion, a P/E ratio of 23.91, a price-to-earnings-growth ratio of 3.54 and a beta of 0.43. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49.

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

CocaCola Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, September 15th. CocaCola's dividend payout ratio (DPR) is currently 72.34%.

Analyst Upgrades and Downgrades

KO has been the subject of several analyst reports. BNP Paribas reiterated an "outperform" rating and set a $83.00 price objective on shares of CocaCola in a research report on Monday, July 21st. Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the stock an "outperform" rating in a research report on Monday, July 21st. JPMorgan Chase & Co. upped their target price on CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. UBS Group dropped their target price on shares of CocaCola from $86.00 to $84.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $81.00 target price on shares of CocaCola in a report on Monday, June 9th. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $77.21.

CocaCola 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.

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