American National Bank of Texas Purchases Shares of 10,796 CocaCola Company (The) $KO

American National Bank of Texas acquired a new position in shares of CocaCola Company (The) (NYSE:KO) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 10,796 shares of the company’s stock, valued at approximately $716,000. CocaCola accounts for about 0.7% of American National Bank of Texas’ holdings, making the stock its 29th largest position.

Other large investors have also recently added to or reduced their stakes in the company. 1248 Management LLC bought a new position in shares of CocaCola in the first quarter worth $26,000. Caitong International Asset Management Co. Ltd lifted its holdings in CocaCola by 5,142.9% in the second quarter. Caitong International Asset Management Co. Ltd now owns 367 shares of the company’s stock worth $26,000 after purchasing an additional 360 shares during the period. Headlands Technologies LLC acquired a new stake in CocaCola in the second quarter worth about $26,000. MMA Asset Management LLC bought a new position in CocaCola in the 2nd quarter valued at about $34,000. Finally, GFG Capital LLC acquired a new position in CocaCola during the 2nd quarter valued at about $34,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at CocaCola

In other CocaCola news, EVP Manuel Arroyo sold 139,689 shares of the firm’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $70.80, for a total value of $9,889,981.20. Following the completion of the transaction, the executive vice president directly owned 58,067 shares in the company, valued at $4,111,143.60. This trade represents a 70.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Nancy Quan sold 31,625 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $71.17, for a total transaction of $2,250,751.25. Following the sale, the executive vice president owned 223,330 shares in the company, valued at $15,894,396.10. This represents a 12.40% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 225,252 shares of company stock valued at $15,953,007. Corporate insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on KO shares. Bank of America upped their price target on shares of CocaCola from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Wells Fargo & Company upped their target price on CocaCola from $75.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Evercore ISI reaffirmed an “outperform” rating on shares of CocaCola in a research note on Tuesday, October 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a research note on Wednesday, October 8th. Finally, TD Cowen upped their price objective on CocaCola from $75.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company’s stock. According to MarketBeat.com, CocaCola has a consensus rating of “Buy” and an average price target of $79.08.

CocaCola Price Performance

Shares of NYSE:KO opened at $70.51 on Monday. The company has a market capitalization of $303.29 billion, a PE ratio of 23.35, a price-to-earnings-growth ratio of 3.92 and a beta of 0.39. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.00 and a current ratio of 1.21. The stock has a fifty day moving average of $69.85 and a 200-day moving average of $69.47. CocaCola Company has a one year low of $60.62 and a one year high of $74.38.

CocaCola (NYSE:KO) last announced its earnings results on Thursday, March 27th. The company reported $0.55 earnings per share (EPS) for the quarter. CocaCola had a return on equity of 43.62% and a net margin of 27.34%.The company had revenue of $11.40 billion for the quarter. As a group, equities analysts anticipate that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.04 dividend on an annualized basis and a yield of 2.9%. CocaCola’s dividend payout ratio is currently 67.55%.

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.