Cullen Frost Bankers Inc. Has $41.35 Million Stake in CocaCola Company (The) $KO

Cullen Frost Bankers Inc. reduced its holdings in CocaCola Company (The) (NYSE:KOFree Report) by 3.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 623,432 shares of the company’s stock after selling 21,028 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in CocaCola were worth $41,346,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Requisite Capital Management LLC raised its holdings in CocaCola by 2.8% during the 2nd quarter. Requisite Capital Management LLC now owns 5,285 shares of the company’s stock worth $377,000 after buying an additional 142 shares during the period. Paulson Wealth Management Inc. raised its holdings in shares of CocaCola by 2.2% during the second quarter. Paulson Wealth Management Inc. now owns 6,773 shares of the company’s stock worth $479,000 after acquiring an additional 149 shares during the period. Summitry LLC lifted its position in CocaCola by 1.9% in the 2nd quarter. Summitry LLC now owns 7,865 shares of the company’s stock valued at $556,000 after acquiring an additional 149 shares in the last quarter. Ashton Thomas Securities LLC boosted its stake in CocaCola by 1.2% in the 3rd quarter. Ashton Thomas Securities LLC now owns 12,656 shares of the company’s stock worth $835,000 after purchasing an additional 149 shares during the period. Finally, Cetera Trust Company N.A increased its holdings in CocaCola by 0.5% during the 2nd quarter. Cetera Trust Company N.A now owns 30,371 shares of the company’s stock worth $2,149,000 after purchasing an additional 150 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

CocaCola Stock Performance

Shares of KO stock opened at $72.93 on Friday. The company has a fifty day moving average price of $70.66 and a two-hundred day moving average price of $69.36. CocaCola Company has a one year low of $61.44 and a one year high of $74.38. The stock has a market cap of $313.69 billion, a P/E ratio of 24.15, a P/E/G ratio of 3.75 and a beta of 0.39. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.21 and a quick ratio of 1.00.

More CocaCola News

Here are the key news stories impacting CocaCola this week:

Insider Activity at CocaCola

In other CocaCola news, COO Henrique Braun sold 40,390 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $70.93, for a total value of $2,864,862.70. Following the sale, the chief operating officer owned 62,621 shares in the company, valued at $4,441,707.53. This represents a 39.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Nancy Quan sold 31,625 shares of CocaCola stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $71.17, for a total value of $2,250,751.25. Following the transaction, the executive vice president owned 223,330 shares of the company’s stock, valued at $15,894,396.10. This represents a 12.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 211,704 shares of company stock worth $15,005,595. Insiders own 0.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Barclays restated an “overweight” rating on shares of CocaCola in a report on Thursday, October 23rd. Piper Sandler lifted their target price on CocaCola from $80.00 to $81.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. UBS Group reaffirmed a “buy” rating on shares of CocaCola in a research report on Friday, December 5th. TD Cowen reiterated a “buy” rating on shares of CocaCola in a report on Wednesday, October 22nd. Finally, Wells Fargo & Company boosted their price objective on shares of CocaCola from $75.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company’s stock. According to data from MarketBeat, CocaCola has an average rating of “Buy” and a consensus price target of $79.08.

Read Our Latest Analysis on CocaCola

CocaCola Profile

(Free Report)

The Coca‑Cola Company (NYSE: KO) is a global beverage manufacturer, marketer and distributor best known for its flagship Coca‑Cola soda. Headquartered in Atlanta, Georgia, the company develops and sells concentrates, syrups and finished beverages across a broad portfolio of brands. Its product range spans sparkling soft drinks, bottled water, sports drinks, juices, ready‑to‑drink teas and coffees, and other still beverages, marketed under both global and regional brand names.

Coca‑Cola’s brand portfolio includes widely recognized names such as Coca‑Cola, Diet Coke, Coca‑Cola Zero Sugar, Sprite, Fanta, Minute Maid, Powerade and Dasani, and in recent years the company has expanded into the coffee and premium beverage categories through acquisitions such as Costa Coffee.

Read More

Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CocaCola Company (The) (NYSE:KOFree Report).

Institutional Ownership by Quarter for CocaCola (NYSE:KO)

Receive News & Ratings for CocaCola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CocaCola and related companies with MarketBeat.com's FREE daily email newsletter.