UMB Bank n.a. Boosts Holdings in CocaCola Company (The) $KO

Key Points

• UMB Bank n.a. increased its holdings in Coca-Cola Company by 145.4%, reaching a total of 259,703 shares worth approximately $18.37 million as of the end of Q2.
• Several institutional investors have also significantly boosted their stakes in Coca-Cola, with notable increases from Wellington Management (52.7%) and GAMMA Investing (8,419.4%) during the first quarter.
• Coca-Cola recently announced a quarterly dividend of $0.51 per share, representing an annualized yield of 3.1%, with the payment scheduled for October 1st and an ex-dividend date of September 15th.

UMB Bank n.a. raised its holdings in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 145.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 259,703 shares of the company's stock after purchasing an additional 153,880 shares during the period. UMB Bank n.a.'s holdings in CocaCola were worth $18,374,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in shares of CocaCola in the first quarter worth $1,508,657,000. Wellington Management Group LLP boosted its holdings in CocaCola by 52.7% in the first quarter. Wellington Management Group LLP now owns 47,447,430 shares of the company's stock valued at $3,398,185,000 after purchasing an additional 16,383,870 shares during the last quarter. Boston Partners acquired a new position in shares of CocaCola in the 1st quarter valued at about $642,183,000. GAMMA Investing LLC lifted its holdings in shares of CocaCola by 8,419.4% in the 1st quarter. GAMMA Investing LLC now owns 5,961,004 shares of the company's stock valued at $426,927,000 after buying an additional 5,891,034 shares during the period. Finally, Raymond James Financial Inc. boosted its stake in shares of CocaCola by 47.4% in the first quarter. Raymond James Financial Inc. now owns 11,844,673 shares of the company's stock worth $848,315,000 after buying an additional 3,810,752 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on KO shares. UBS Group decreased their target price on shares of CocaCola from $84.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, September 11th. BNP Paribas restated an "outperform" rating and issued a $83.00 price target on shares of CocaCola in a research note on Monday, July 21st. Morgan Stanley reiterated an "overweight" rating and set a $81.00 price target on shares of CocaCola in a research report on Monday, June 9th. JPMorgan Chase & Co. boosted their price objective on CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Finally, Royal Bank Of Canada set a $76.00 price target on shares of CocaCola and gave the company an "outperform" rating in a research note on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $76.93.

CocaCola Trading Up 0.1%

Shares of KO stock opened at $66.52 on Friday. The stock has a market capitalization of $286.28 billion, a P/E ratio of 23.59, a price-to-earnings-growth ratio of 3.46 and a beta of 0.43. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21. The company has a 50 day moving average price of $68.93 and a 200 day moving average price of $70.22.

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

CocaCola Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Monday, September 15th. CocaCola's dividend payout ratio is presently 72.34%.

Insiders Place Their Bets

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the completion of the transaction, the insider owned 209,513 shares in the company, valued at $14,477,348.30. The trade was a 15.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.97% of the stock is currently owned by company insiders.

About CocaCola

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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