Teachers Insurance & Annuity Association Of America Decreased Its Coca Cola Co (KO) Position by $4.88 Million; Valuation Rose

March 14, 2018 - By Maria Brooks

Investors sentiment decreased to 0.8 in Q3 2017. Its down 0.14, from 0.94 in 2017Q2. It worsened, 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. Utd Cap Fincl Advisers Limited reported 577,009 shares or 0.22% of all its holdings. Warren Averett Asset Management Ltd Liability Corp holds 48,986 shares. Centurylink Mgmt Com has 35,934 shares. Lee Danner Bass invested in 64,892 shares. Mngmt Professionals invested 0.04% in The Coca-Cola Company (NYSE:KO). Messner & Smith Theme Value Limited Ca holds 0.4% of its portfolio in The Coca-Cola Company (NYSE:KO) for 5,700 shares. Moreover, Hs Prns Lc has 6.9% invested in The Coca-Cola Company (NYSE:KO) for 4.74 million shares. Becker Cap Management has invested 0.01% in The Coca-Cola Company (NYSE:KO). Commercial Bank Of Nova Scotia accumulated 62,611 shares. Next Group Inc invested 0.47% of its portfolio in The Coca-Cola Company (NYSE:KO). Old Point & Financial Service N A reported 1.44% of its portfolio in The Coca-Cola Company (NYSE:KO). Windsor Ltd Co holds 0.72% or 31,703 shares. Oxbow Advsr Llc stated it has 6,257 shares. Jefferies Lc accumulated 202,512 shares. 395,022 were accumulated by Bradley Foster & Sargent Ct.

Since January 16, 2018, it had 0 insider purchases, and 3 selling transactions for $5.80 million activity. Another trade for 15,000 shares valued at $719,250 was made by LONG ROBERT EDWARD on Wednesday, January 24. 84,400 shares were sold by HAYS ED, worth $4.01 million on Tuesday, January 23.

Teachers Insurance & Annuity Association Of America decreased its stake in Coca Cola Co (KO) by 29.6% based on its latest 2017Q3 regulatory filing with the SEC. Teachers Insurance & Annuity Association Of America sold 108,400 shares as the company’s stock rose 6.48% with the market. The institutional investor held 257,800 shares of the beverages (production and distribution) company at the end of 2017Q3, valued at $11.60M, down from 366,200 at the end of the previous reported quarter. Teachers Insurance & Annuity Association Of America who had been investing in Coca Cola Co for a number of months, seems to be less bullish one the $187.34B market cap company. The stock decreased 0.57% or $0.25 during the last trading session, reaching $43.93. About 5.61M shares traded. The Coca-Cola Company (NYSE:KO) has declined 0.95% since March 14, 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 April, 24. They expect $0.46 EPS, up 6.98 % or $0.03 from last year’s $0.43 per share. KO’s profit will be $1.96B for 23.88 P/E if the $0.46 EPS becomes a reality. After $0.39 actual EPS reported by The Coca-Cola Company for the previous quarter, Wall Street now forecasts 17.95 % EPS growth.

More notable recent The Coca-Cola Company (NYSE:KO) news were published by: Bizjournals.com which released: “More layoffs: Coca-Cola cutting 250-350 management positions as part of …” on February 27, 2018, also Bizjournals.com with their article: “Coca-Cola expands its instant slushy-making machine testing — but not yet in …” published on February 12, 2018, Bizjournals.com published: “Coca-Cola sourcing ‘peach flavor’ from Georgia for newest artisanal soda” on February 21, 2018. More interesting news about The Coca-Cola Company (NYSE:KO) were released by: Bizjournals.com and their article: “Coca-Cola shutters projects over Britain obesity backlash” published on March 05, 2018 as well as Usnews.com‘s news article titled: “Coca-Cola Stock Works Its Magic Once Again” with publication date: February 16, 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 had 74 analyst reports since July 21, 2015 according to SRatingsIntel. Cowen & Co maintained The Coca-Cola Company (NYSE:KO) on Tuesday, August 22 with “Hold” rating. Macquarie Research initiated the stock with “Neutral” rating in Friday, September 15 report. The rating was maintained by Credit Suisse with “Outperform” on Tuesday, February 20. Credit Suisse initiated The Coca-Cola Company (NYSE:KO) on Friday, September 16 with “Neutral” rating. The rating was maintained by Cowen & Co on Thursday, July 13 with “Hold”. The stock has “Market Perform” rating by BMO Capital Markets on Tuesday, February 20. On Tuesday, September 5 the stock rating was maintained by RBC Capital Markets with “Buy”. On Friday, September 25 the stock rating was maintained by Deutsche Bank with “Buy”. The stock of The Coca-Cola Company (NYSE:KO) earned “Hold” rating by Susquehanna on Wednesday, July 26. As per Thursday, January 19, the company rating was downgraded by Wells Fargo.

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