American National Insurance Co. Sells 460 Shares of The Coca-Cola Company (NYSE:KO)

American National Insurance Co. lowered its holdings in shares of The Coca-Cola Company (NYSE:KO) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 237,225 shares of the company’s stock after selling 460 shares during the quarter. American National Insurance Co.’s holdings in The Coca-Cola were worth $12,836,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. Howland Capital Management LLC boosted its position in The Coca-Cola by 7.6% during the second quarter. Howland Capital Management LLC now owns 51,113 shares of the company’s stock worth $2,766,000 after purchasing an additional 3,620 shares during the period. Bontempo Ohly Capital Mgmt LLC boosted its holdings in shares of The Coca-Cola by 13.8% during the 1st quarter. Bontempo Ohly Capital Mgmt LLC now owns 70,470 shares of the company’s stock worth $3,714,000 after buying an additional 8,521 shares during the period. TrimTabs Asset Management LLC acquired a new position in The Coca-Cola in the 2nd quarter valued at $1,685,000. Jaffetilchin Investment Partners LLC raised its holdings in The Coca-Cola by 10.7% in the 1st quarter. Jaffetilchin Investment Partners LLC now owns 33,966 shares of the company’s stock worth $1,790,000 after acquiring an additional 3,277 shares during the period. Finally, Eudaimonia Partners LLC lifted its position in The Coca-Cola by 8.7% during the 1st quarter. Eudaimonia Partners LLC now owns 101,858 shares of the company’s stock worth $5,369,000 after acquiring an additional 8,172 shares during the last quarter. 66.67% of the stock is owned by institutional investors and hedge funds.

NYSE:KO traded down $0.43 during trading hours on Friday, reaching $54.92. The company had a trading volume of 259,083 shares, compared to its average volume of 15,549,104. The company has a quick ratio of 1.25, a current ratio of 1.47 and a debt-to-equity ratio of 1.64. The stock has a 50-day moving average of $56.35 and a two-hundred day moving average of $54.56. The Coca-Cola Company has a one year low of $47.30 and a one year high of $57.56. The firm has a market capitalization of $236.80 billion, a PE ratio of 29.60, a PEG ratio of 2.85 and a beta of 0.62.

The Coca-Cola (NYSE:KO) last posted its earnings results on Tuesday, July 20th. The company reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.12. The Coca-Cola had a net margin of 22.19% and a return on equity of 44.17%. The business had revenue of $10.10 billion for the quarter, compared to analyst estimates of $9.30 billion. During the same quarter in the prior year, the firm earned $0.42 EPS. The firm’s quarterly revenue was up 40.3% compared to the same quarter last year. As a group, sell-side analysts expect that The Coca-Cola Company will post 2.25 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 1st. Shareholders of record on Wednesday, September 15th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Tuesday, September 14th. This represents a $1.68 annualized dividend and a yield of 3.06%. The Coca-Cola’s dividend payout ratio is 86.15%.

In other The Coca-Cola news, insider Mark Randazza sold 31,652 shares of the company’s stock in a transaction on Monday, July 26th. The stock was sold at an average price of $57.01, for a total transaction of $1,804,480.52. Following the transaction, the insider now owns 69,925 shares of the company’s stock, valued at approximately $3,986,424.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Nancy Quan sold 6,625 shares of the business’s stock in a transaction on Tuesday, August 10th. The stock was sold at an average price of $57.08, for a total value of $378,155.00. Following the sale, the senior vice president now owns 176,701 shares of the company’s stock, valued at approximately $10,086,093.08. The disclosure for this sale can be found here. Insiders sold 68,188 shares of company stock valued at $3,864,107 in the last quarter. 1.01% of the stock is currently owned by corporate insiders.

KO has been the subject of several research analyst reports. Truist boosted their price objective on The Coca-Cola from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, July 22nd. Deutsche Bank Aktiengesellschaft increased their price objective on The Coca-Cola from $58.00 to $60.00 and gave the company a “hold” rating in a research report on Thursday, July 22nd. UBS Group upped their target price on shares of The Coca-Cola from $59.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, July 22nd. Credit Suisse Group raised their price target on shares of The Coca-Cola from $62.00 to $63.00 and gave the stock an “outperform” rating in a research report on Thursday, July 22nd. Finally, Morgan Stanley upped their price objective on shares of The Coca-Cola from $64.00 to $65.00 and gave the company an “overweight” rating in a research report on Thursday, July 22nd. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $61.25.

About The Coca-Cola

The Coca-Cola Co is the nonalcoholic beverage company, which engages in the manufacture, market, and sale of non-alcoholic beverages which include sparkling soft drinks, water, enhanced water and sports drinks, juice, dairy and plant-based beverages, tea and coffee and energy drinks. Its brands include Coca-Cola, Diet Coke, Coca-Cola Zero, Fanta, Sprite, Minute Maid, Georgia, Powerade, Del Valle, Schweppes, Aquarius, Minute Maid Pulpy, Dasani, Simply, Glaceau Vitaminwater, Bonaqua, Gold Peak, Fuze Tea, Glaceau Smartwater, and Ice Dew.

Read More: Initial Coin Offering (ICO)

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

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