American National Bank reduced its stake in shares of Coca-Cola (NYSE:KO) by 20.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,366 shares of the company’s stock after selling 2,729 shares during the period. American National Bank’s holdings in Coca-Cola were worth $445,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Welch Group LLC boosted its position in shares of Coca-Cola by 1.5% in the fourth quarter. Welch Group LLC now owns 64,766 shares of the company’s stock valued at $2,782,000 after buying an additional 938 shares in the last quarter. NewSquare Capital LLC boosted its position in shares of Coca-Cola by 6.9% in the fourth quarter. NewSquare Capital LLC now owns 17,153 shares of the company’s stock valued at $737,000 after buying an additional 1,107 shares in the last quarter. Pioneer Trust Bank N A OR boosted its position in shares of Coca-Cola by 8.5% in the fourth quarter. Pioneer Trust Bank N A OR now owns 32,315 shares of the company’s stock valued at $1,388,000 after buying an additional 2,540 shares in the last quarter. Mizuho Asset Management Co. Ltd. boosted its position in shares of Coca-Cola by 16.0% in the fourth quarter. Mizuho Asset Management Co. Ltd. now owns 52,105 shares of the company’s stock valued at $2,238,000 after buying an additional 7,168 shares in the last quarter. Finally, Piedmont Investment Advisors LLC boosted its position in shares of Coca-Cola by 0.7% in the fourth quarter. Piedmont Investment Advisors LLC now owns 1,024,281 shares of the company’s stock valued at $44,003,000 after buying an additional 7,479 shares in the last quarter.

Coca-Cola (NYSE:KO) opened at 42.16 on Tuesday. The stock has a market capitalization of $183.35 billion and a price-to-earnings ratio of 26.89. Coca-Cola has a one year low of $36.56 and a one year high of $43.91. The stock’s 50 day moving average is $42.56 and its 200 day moving average is $41.38.

Several equities analysts have issued reports on KO shares. Zacks Investment Research cut shares of Coca-Cola from a “hold” rating to a “sell” rating in a research note on Monday, September 28th. JPMorgan Chase & Co. boosted their price objective on shares of Coca-Cola from $46.00 to $48.00 and gave the company a “neutral” rating in a research note on Tuesday, October 20th. Vetr cut shares of Coca-Cola from a “buy” rating to a “hold” rating and set a $42.48 price target on the stock. in a research note on Monday, October 5th. Societe Generale lowered their price target on shares of Coca-Cola from $40.00 to $37.00 and set a “sell” rating on the stock in a research note on Monday, September 28th. Finally, Susquehanna reaffirmed a “sell” rating and set a $33.00 price target on shares of Coca-Cola in a research note on Tuesday, September 29th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $45.37.

In related news, insider Brian John Smith sold 30,000 shares of Coca-Cola stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $42.60, for a total transaction of $1,278,000.00. Following the sale, the insider now directly owns 20,947 shares in the company, valued at $892,342.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Alexander B. Cummings, Jr. sold 731,928 shares of Coca-Cola stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $42.64, for a total transaction of $31,209,409.92. The disclosure for this sale can be found here.

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets more than 500 nonalcoholic beverage brands, primarily sparkling beverages but also a range of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks. It owns and markets a range of nonalcoholic sparkling beverage brands, such as Coca-Cola, Diet Coke, Fanta and Sprite. The Company makes its beverage products available to consumers throughout the world through its network of Company-owned or controlled bottling and distribution operations, as well as independent bottling partners, distributors, wholesalers and retailers. The Company’s segments include Eurasia and Africa, Europe, Latin America, North America, Asia Pacific, Bottling Investments and Corporate.

12 Month Chart for NYSE:KO

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