The Coca-Cola Co (KO) Stake Lessened by American National Registered Investment Advisor Inc.

American National Registered Investment Advisor Inc. decreased its position in The Coca-Cola Co (NYSE:KO) by 13.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,421 shares of the company’s stock after selling 4,225 shares during the quarter. American National Registered Investment Advisor Inc.’s holdings in The Coca-Cola were worth $1,267,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KO. WP Advisors LLC bought a new position in The Coca-Cola during the second quarter valued at about $107,000. Westbourne Investment Advisors Inc. bought a new position in The Coca-Cola during the third quarter valued at about $117,000. Signature Estate & Investment Advisors LLC bought a new position in The Coca-Cola during the second quarter valued at about $116,000. Fort L.P. bought a new position in The Coca-Cola during the second quarter valued at about $122,000. Finally, Sageworth Trust Co grew its position in The Coca-Cola by 69.5% during the third quarter. Sageworth Trust Co now owns 2,927 shares of the company’s stock valued at $135,000 after buying an additional 1,200 shares during the period. Hedge funds and other institutional investors own 65.79% of the company’s stock.

In other news, VP Kathy N. Waller sold 88,400 shares of the stock in a transaction dated Monday, November 12th. The shares were sold at an average price of $50.00, for a total value of $4,420,000.00. Following the sale, the vice president now directly owns 256,421 shares of the company’s stock, valued at $12,821,050. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP James L. Dinkins sold 8,754 shares of the stock in a transaction dated Wednesday, October 24th. The stock was sold at an average price of $46.95, for a total transaction of $411,000.30. Following the completion of the sale, the senior vice president now directly owns 28,354 shares in the company, valued at $1,331,220.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 374,542 shares of company stock worth $18,436,957. Insiders own 1.48% of the company’s stock.

Several equities analysts recently weighed in on the stock. Royal Bank of Canada restated a “buy” rating and set a $56.00 price target on shares of The Coca-Cola in a research report on Monday. Citigroup set a $56.00 price target on shares of The Coca-Cola and gave the company a “buy” rating in a research report on Friday, November 9th. Macquarie set a $50.00 price target on shares of The Coca-Cola and gave the company a “neutral” rating in a research report on Thursday, November 8th. Morningstar set a $49.00 price target on shares of The Coca-Cola and gave the company a “neutral” rating in a research report on Tuesday, November 6th. Finally, Jefferies Financial Group increased their price target on shares of The Coca-Cola from $48.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, October 31st. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have assigned a buy rating to the stock. The Coca-Cola has a consensus rating of “Hold” and a consensus target price of $51.43.

NYSE KO opened at $48.73 on Friday. The stock has a market cap of $210.65 billion, a price-to-earnings ratio of 25.51, a price-to-earnings-growth ratio of 3.23 and a beta of 0.60. The Coca-Cola Co has a 52 week low of $41.45 and a 52 week high of $50.84. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 1.26.

The Coca-Cola (NYSE:KO) last released its quarterly earnings data on Tuesday, October 30th. The company reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The business had revenue of $8.25 billion for the quarter, compared to the consensus estimate of $8.20 billion. The Coca-Cola had a net margin of 8.70% and a return on equity of 43.12%. The company’s revenue was down 9.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.50 earnings per share. On average, analysts anticipate that The Coca-Cola Co will post 2.08 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend is Thursday, November 29th. The Coca-Cola’s dividend payout ratio (DPR) is presently 81.68%.

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The Coca-Cola Profile

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plant–based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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Institutional Ownership by Quarter for The Coca-Cola (NYSE:KO)

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