As Coca Cola Co. (KO) Stock Rose, Holder Strs Ohio Has Trimmed Position by $35.09 Million

June 19, 2017 - By Ellis Scott

Investors sentiment decreased to 0.87 in Q4 2016. Its down 0.01, from 0.88 in 2016Q3. It is negative, as 76 investors sold KO shares while 623 reduced holdings. 102 funds opened positions while 503 raised stakes. 2.70 billion shares or 1.56% more from 2.66 billion shares in 2016Q3 were reported. Paradigm Financial Advisors Limited accumulated 1.26% or 55,532 shares. Rfg Advisory Group Limited Com stated it has 4,980 shares or 0.13% of all its holdings. Cambridge Advisors invested in 0.24% or 306,897 shares. Ifc Hldgs Fl invested 0.08% of its portfolio in The Coca-Cola Co (NYSE:KO). Park Natl Corporation Oh reported 657,230 shares. Amica Retiree Trust has 21,521 shares. Moreover, Credit Agricole S A has 0.59% invested in The Coca-Cola Co (NYSE:KO). Ruggie Capital has 0.08% invested in The Coca-Cola Co (NYSE:KO). Adirondack Trust invested 0.91% in The Coca-Cola Co (NYSE:KO). Boyd Watterson Asset Mngmt Ltd Liability Corp Oh reported 0.64% in The Coca-Cola Co (NYSE:KO). Smith Chas P Associates Pa Cpas has 471,809 shares. Cheviot Value reported 0.78% stake. Tradition Cap Mgmt Limited Liability Co holds 0.71% in The Coca-Cola Co (NYSE:KO) or 51,638 shares. 69,643 were reported by Cornerstone Advsrs. Strategic Advsr accumulated 28,631 shares.

Since February 10, 2017, it had 0 insider buys, and 7 insider sales for $32.72 million activity. $629,700 worth of stock was sold by DOUGLAS J ALEXANDER JR on Tuesday, March 14. Shares for $1.32M were sold by Perez Beatriz R on Wednesday, June 14. Eberly Ceree had sold 42,800 shares worth $1.74 million. $15.94 million worth of The Coca-Cola Co (NYSE:KO) was sold by Finan Irial. Another trade for 87,800 shares valued at $3.81 million was made by SMITH BRIAN JOHN on Wednesday, May 10. On Friday, February 10 the insider TUGGLE CLYDE C sold $8.32M.

Strs Ohio decreased its stake in Coca Cola Co. (KO) by 21.03% based on its latest 2016Q4 regulatory filing with the SEC. Strs Ohio sold 855,972 shares as the company’s stock rose 6.48% with the market. The institutional investor held 3.21 million shares of the beverages (production and distribution) company at the end of 2016Q4, valued at $133.27 million, down from 4.07 million at the end of the previous reported quarter. Strs Ohio who had been investing in Coca Cola Co. for a number of months, seems to be less bullish one the $193.50B market cap company. The stock declined 0.18% or $0.08 reaching $45.23 per share. About 2.25 million shares traded. The Coca-Cola Co (NYSE:KO) has declined 0.95% since June 19, 2016 and is downtrending. It has underperformed by 17.65% the S&P500.

Strs Ohio, which manages about $22.70 billion US Long portfolio, upped its stake in Wisdomtree Investments Inc (NASDAQ:WETF) by 850,000 shares to 1.14M shares, valued at $12.70M in 2016Q4, according to the filing. It also increased its holding in Whole Foods Market Inc (NASDAQ:WFM) by 158,460 shares in the quarter, for a total of 1.27M shares, and has risen its stake in Liberty Tripadvisor Holdings Inc (NASDAQ:LTRPA).

Analysts await The Coca-Cola Co (NYSE:KO) to report earnings on July, 26. They expect $0.57 EPS, down 5.00 % or $0.03 from last year’s $0.6 per share. KO’s profit will be $2.44 billion for 19.84 P/E if the $0.57 EPS becomes a reality. After $0.43 actual EPS reported by The Coca-Cola Co for the previous quarter, Wall Street now forecasts 32.56 % EPS growth.

More notable recent The Coca-Cola Co (NYSE:KO) news were published by: Seekingalpha.com which released: “Coca-Cola: A Classic Staple” on June 16, 2017, also Bizjournals.com with their article: “Coca-Cola Bottling Co. Consolidated of Charlotte to open new Triad facility …” published on May 25, 2017, Nasdaq.com published: “MS Global Franchise Fund Buys Zoetis Inc, Unilever PLC, Coca-Cola Co, Sells L …” on June 02, 2017. More interesting news about The Coca-Cola Co (NYSE:KO) were released by: Baltimoresun.com and their article: “Coca-Cola Bottling Co. Consolidated makes $10 million investment in Baltimore …” published on June 05, 2017 as well as Marketwatch.com‘s news article titled: “Coca-Cola nears completion of US refranchising plan” with publication date: May 24, 2017.

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

Among 17 analysts covering Coca-Cola (NYSE:KO), 7 have Buy rating, 1 Sell and 9 Hold. Therefore 41% are positive. Coca-Cola had 35 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, February 5 by UBS. The stock of The Coca-Cola Co (NYSE:KO) has “Hold” rating given on Thursday, September 29 by Stifel Nicolaus. The company was maintained on Thursday, April 21 by Goldman Sachs. The rating was initiated by Barclays Capital with “Equal Weight” on Monday, January 9. Stifel Nicolaus upgraded The Coca-Cola Co (NYSE:KO) rating on Tuesday, January 12. Stifel Nicolaus has “Buy” rating and $54.0 target. The rating was initiated by Sterne Agee CRT with “Buy” on Tuesday, July 21. The rating was downgraded by Wells Fargo to “Market Perform” on Thursday, January 19. Credit Suisse upgraded The Coca-Cola Co (NYSE:KO) on Wednesday, April 19 to “Outperform” rating. Barclays Capital reinitiated it with “Equal Weight” rating and $45 target in Friday, August 7 report. The company was maintained on Wednesday, June 29 by Goldman Sachs.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.