Cullen Frost Bankers Inc. Has $15.55 Million Holdings in Coca-Cola Company (The) (KO)

Cullen Frost Bankers Inc. boosted its holdings in Coca-Cola Company (The) (NYSE:KO) by 0.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 346,800 shares of the company’s stock after purchasing an additional 1,452 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Coca-Cola Company (The) were worth $15,554,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Signature Estate & Investment Advisors LLC raised its position in shares of Coca-Cola Company (The) by 5.0% in the 1st quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock valued at $116,000 after buying an additional 129 shares in the last quarter. Meeder Asset Management Inc. raised its position in shares of Coca-Cola Company (The) by 59.4% in the 2nd quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock valued at $124,000 after buying an additional 1,026 shares in the last quarter. Eagle Ridge Investment Management acquired a new position in shares of Coca-Cola Company (The) in the 2nd quarter valued at approximately $138,000. SRS Capital Advisors Inc. raised its position in shares of Coca-Cola Company (The) by 8.6% in the 1st quarter. SRS Capital Advisors Inc. now owns 3,326 shares of the company’s stock valued at $141,000 after buying an additional 264 shares in the last quarter. Finally, Perkins Coie Trust Co raised its position in shares of Coca-Cola Company (The) by 21.9% in the 2nd quarter. Perkins Coie Trust Co now owns 3,180 shares of the company’s stock valued at $143,000 after buying an additional 572 shares in the last quarter. Institutional investors and hedge funds own 64.68% of the company’s stock.

In other news, SVP Beatriz R. Perez sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $46.00, for a total value of $460,000.00. Following the transaction, the senior vice president now owns 98,718 shares in the company, valued at $4,541,028. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jennifer K. Mann sold 8,819 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $45.61, for a total transaction of $402,234.59. Following the completion of the transaction, the insider now owns 30,553 shares in the company, valued at approximately $1,393,522.33. The disclosure for this sale can be found here. Insiders sold 366,835 shares of company stock worth $16,874,246 in the last 90 days. Company insiders own 1.51% of the company’s stock.

Several equities analysts have recently commented on KO shares. Barclays PLC set a $45.00 target price on shares of Coca-Cola Company (The) and gave the company a “neutral” rating in a research report on Wednesday, July 19th. Jefferies Group LLC set a $47.00 target price on shares of Coca-Cola Company (The) and gave the company a “neutral” rating in a research report on Friday, October 13th. Royal Bank Of Canada restated a “buy” rating and issued a $49.00 target price on shares of Coca-Cola Company (The) in a research report on Wednesday, September 6th. UBS AG boosted their target price on shares of Coca-Cola Company (The) from $49.00 to $51.00 and gave the company a “buy” rating in a research report on Thursday, July 27th. Finally, Citigroup Inc. set a $53.00 target price on shares of Coca-Cola Company (The) and gave the company a “buy” rating in a research report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $46.56.

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Coca-Cola Company (KO) opened at 46.18 on Wednesday. Coca-Cola Company has a 12 month low of $39.88 and a 12 month high of $46.98. The firm has a market cap of $196.97 billion, a P/E ratio of 48.76 and a beta of 0.70. The stock has a 50 day moving average of $45.91 and a 200-day moving average of $45.06.

Coca-Cola Company (The) (NYSE:KO) last issued its earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.02. Coca-Cola Company (The) had a net margin of 10.68% and a return on equity of 34.53%. The firm had revenue of $9.70 billion for the quarter, compared to analysts’ expectations of $9.62 billion. During the same quarter last year, the business earned $0.60 earnings per share. The business’s revenue was down 15.9% on a year-over-year basis. Equities research analysts predict that Coca-Cola Company will post $1.90 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend is Thursday, November 30th. Coca-Cola Company (The)’s dividend payout ratio is 154.17%.

About Coca-Cola Company (The)

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.

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

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