UMB Bank n.a. Sells 1,423 Shares of The Coca-Cola Company (NYSE:KO)

UMB Bank n.a. decreased its holdings in shares of The Coca-Cola Company (NYSE:KO) by 1.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 108,977 shares of the company’s stock after selling 1,423 shares during the period. UMB Bank n.a.’s holdings in Coca-Cola were worth $7,831,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Cadinha & Co. LLC increased its position in shares of Coca-Cola by 92.1% in the 3rd quarter. Cadinha & Co. LLC now owns 13,447 shares of the company’s stock valued at $966,000 after buying an additional 6,448 shares in the last quarter. Cypress Wealth Services LLC increased its position in shares of Coca-Cola by 2.0% in the 3rd quarter. Cypress Wealth Services LLC now owns 8,924 shares of the company’s stock valued at $641,000 after buying an additional 179 shares in the last quarter. BSN CAPITAL PARTNERS Ltd bought a new stake in shares of Coca-Cola in the 3rd quarter valued at $17,246,000. USA Financial Formulas bought a new stake in shares of Coca-Cola in the 3rd quarter valued at $1,346,000. Finally, Wedmont Private Capital increased its position in shares of Coca-Cola by 4.2% in the 3rd quarter. Wedmont Private Capital now owns 44,557 shares of the company’s stock valued at $3,075,000 after buying an additional 1,813 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

Insider Transactions at Coca-Cola

In other news, EVP Nancy Quan sold 19,304 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $64.96, for a total transaction of $1,253,987.84. Following the transaction, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at approximately $14,507,516.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Bruno Pietracci sold 38,653 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $69.01, for a total transaction of $2,667,443.53. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Nancy Quan sold 19,304 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $64.96, for a total transaction of $1,253,987.84. Following the completion of the sale, the executive vice president now owns 223,330 shares in the company, valued at $14,507,516.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 376,096 shares of company stock valued at $25,982,352. 0.97% of the stock is currently owned by company insiders.

Coca-Cola Stock Down 0.5 %

Shares of KO stock opened at $69.25 on Friday. The stock has a market cap of $298.46 billion, a price-to-earnings ratio of 28.04, a PEG ratio of 3.92 and a beta of 0.60. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.92 and a current ratio of 1.08. The Coca-Cola Company has a 52-week low of $52.43 and a 52-week high of $73.53. The firm’s 50-day moving average is $70.48 and its 200-day moving average is $65.30.

Coca-Cola (NYSE:KO) last announced its earnings results on Tuesday, July 23rd. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.81 by $0.03. Coca-Cola had a net margin of 22.92% and a return on equity of 43.62%. The company had revenue of $12.40 billion for the quarter, compared to analysts’ expectations of $11.78 billion. During the same period last year, the firm earned $0.78 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. Sell-side analysts predict that The Coca-Cola Company will post 2.85 EPS for the current year.

Coca-Cola Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th were issued a dividend of $0.485 per share. The ex-dividend date was Friday, September 13th. This represents a $1.94 annualized dividend and a dividend yield of 2.80%. Coca-Cola’s dividend payout ratio is presently 78.54%.

Analysts Set New Price Targets

A number of research firms recently commented on KO. Barclays upped their price objective on shares of Coca-Cola from $69.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Coca-Cola from $64.00 to $65.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. upped their target price on shares of Coca-Cola from $68.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Royal Bank of Canada upped their target price on shares of Coca-Cola from $65.00 to $68.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Finally, Cfra reaffirmed a “hold” rating on shares of Coca-Cola in a research note on Thursday, September 5th. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $71.07.

Coca-Cola 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.