United American Securities INC Trimmed Its Coca Cola Company (KO) Holding by $6.39 Million; Stock Rose

January 22, 2018 - By Lynda A. Deweese

Investors sentiment decreased to 0.8 in 2017 Q3. Its down 0.14, from 0.94 in 2017Q2. It is negative, as 48 investors sold KO shares while 641 reduced holdings. 94 funds opened positions while 456 raised stakes. 2.73 billion shares or 0.93% more from 2.70 billion shares in 2017Q2 were reported. Halsey Incorporated Ct stated it has 78,239 shares. Westchester Mngmt Inc invested in 2,004 shares or 0.04% of the stock. Amf Pensionsforsakring, Sweden-based fund reported 2.59 million shares. Drexel Morgan stated it has 1.75% of its portfolio in The Coca-Cola Company (NYSE:KO). Livforsakringsbolaget Skandia Omsesidigt holds 0.55% or 136,569 shares in its portfolio. Oxbow Advisors Lc stated it has 0.05% in The Coca-Cola Company (NYSE:KO). Cranbrook Wealth Lc accumulated 1,146 shares. 53,612 were reported by Washington Trust. Congress Asset Management Com Ma owns 15,930 shares for 0.01% of their portfolio. Texas-based Amarillo Commercial Bank has invested 0.08% in The Coca-Cola Company (NYSE:KO). First Trust Advsr Limited Partnership holds 0.26% of its portfolio in The Coca-Cola Company (NYSE:KO) for 2.26 million shares. National Pension has invested 0.76% in The Coca-Cola Company (NYSE:KO). Whittier has invested 0.51% in The Coca-Cola Company (NYSE:KO). 20,372 are held by Naples Global Advisors Limited Liability Co. 102,153 were reported by Horizon Ltd.

Since August 7, 2017, it had 0 buys, and 6 selling transactions for $9.01 million activity. $4.61M worth of The Coca-Cola Company (NYSE:KO) was sold by SMITH BRIAN JOHN on Tuesday, August 15. $1.21M worth of The Coca-Cola Company (NYSE:KO) was sold by LONG ROBERT EDWARD. RIVERA ALFREDO sold 28,232 shares worth $1.30M. 8,819 shares valued at $402,235 were sold by MANN JENNIFER K on Monday, August 7.

United American Securities Inc decreased its stake in Coca Cola Company (KO) by 80.72% based on its latest 2017Q3 regulatory filing with the SEC. United American Securities Inc sold 145,145 shares as the company’s stock rose 6.48% with the market. The institutional investor held 34,670 shares of the beverages (production and distribution) company at the end of 2017Q3, valued at $1.56 million, down from 179,815 at the end of the previous reported quarter. United American Securities Inc who had been investing in Coca Cola Company for a number of months, seems to be less bullish one the $200.93B market cap company. The stock increased 0.60% or $0.28 during the last trading session, reaching $47.16. About 16.19M shares traded or 53.24% up from the average. The Coca-Cola Company (NYSE:KO) has declined 0.95% since January 22, 2017 and is downtrending. It has underperformed by 17.65% the S&P500.

Analysts await The Coca-Cola Company (NYSE:KO) to report earnings on February, 13 before the open. They expect $0.38 earnings per share, up 2.70 % or $0.01 from last year’s $0.37 per share. KO’s profit will be $1.62 billion for 31.03 P/E if the $0.38 EPS becomes a reality. After $0.50 actual earnings per share reported by The Coca-Cola Company for the previous quarter, Wall Street now forecasts -24.00 % negative EPS growth.

More notable recent The Coca-Cola Company (NYSE:KO) news were published by: Investorplace.com which released: “3 Reasons to Be Bullish on Coca-Cola Co Stock” on January 05, 2018, also Wsj.com with their article: “Can New Flavors Reverse Diet Coke’s Slump?” published on January 22, 2018, Investorplace.com published: “Coca-Cola Co Is a ‘Dividend Aristocrat’ Worth Holding” on December 30, 2017. More interesting news about The Coca-Cola Company (NYSE:KO) were released by: Bizjournals.com and their article: “Coca-Cola launches Diet Coke ‘brand rejuvenation,’ adds four new ‘bold’ flavors” published on January 10, 2018 as well as Bizjournals.com‘s news article titled: “Coca-Cola retains ‘pouring rights’ with NASCAR” with publication date: January 17, 2018.

The Coca-Cola Company (NYSE:KO) Ratings Coverage

Among 22 analysts covering Coca-Cola (NYSE:KO), 12 have Buy rating, 1 Sell and 9 Hold. Therefore 55% are positive. Coca-Cola has $102 highest and $37 lowest target. $47.46’s average target is 0.64% above currents $47.16 stock price. Coca-Cola had 69 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Evercore on Friday, January 12. As per Friday, September 16, the company rating was initiated by Credit Suisse. The stock has “Hold” rating by Vetr on Monday, August 31. The firm has “Hold” rating by Jefferies given on Monday, July 24. The company was maintained on Friday, December 22 by Stifel Nicolaus. As per Tuesday, April 11, the company rating was maintained by Bernstein. The stock has “Hold” rating by Jefferies on Tuesday, June 20. The firm has “Hold” rating by Cowen & Co given on Thursday, July 13. Jefferies maintained The Coca-Cola Company (NYSE:KO) on Thursday, January 4 with “Hold” rating. As per Wednesday, April 19, the company rating was maintained by Jefferies.

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