What’s in Coca-cola Company (the) (NYSE:KO) After Decline in Shorted Shares?

June 25, 2018 - By Linda Rogers

The Coca-Cola Company (NYSE:KO) Logo

Investors sentiment decreased to 0.69 in Q1 2018. Its down 0.22, from 0.91 in 2017Q4. It worsened, as 74 investors sold The Coca-Cola Company shares while 684 reduced holdings. 104 funds opened positions while 416 raised stakes. 2.72 billion shares or 0.06% less from 2.73 billion shares in 2017Q4 were reported.
Sheets Smith Wealth Management, a North Carolina-based fund reported 11,601 shares. Smithfield Trust has 76,225 shares for 0.4% of their portfolio. Bp Public Limited reported 0.67% stake. Amf Pensionsforsakring reported 2.77 million shares. Moreover, North Star Investment has 0.34% invested in The Coca-Cola Company (NYSE:KO) for 64,995 shares. Pittenger Anderson Inc owns 39,143 shares. Arvest Bankshares Trust Division accumulated 0.05% or 17,123 shares. Savant Ltd Limited Liability Company, a Illinois-based fund reported 28,076 shares. Da Davidson reported 222,832 shares stake. Schaper Benz Wise Invest Counsel Wi holds 0.32% of its portfolio in The Coca-Cola Company (NYSE:KO) for 49,651 shares. Financial Bank Of Stockton accumulated 9,210 shares. Triangle Secs Wealth holds 5,298 shares or 0.13% of its portfolio. Prudential Public Ltd holds 0.17% of its portfolio in The Coca-Cola Company (NYSE:KO) for 1.24M shares. State Street Corp holds 163.14M shares or 0.6% of its portfolio. Westchester Mgmt Inc holds 1,969 shares or 0.04% of its portfolio.

Since January 16, 2018, it had 0 insider buys, and 5 insider sales for $6.52 million activity. On Tuesday, March 13 the insider MURPHY JOHN sold $631,572. Waller Kathy N had sold 23,240 shares worth $1.07M. LONG ROBERT EDWARD had sold 15,000 shares worth $719,250 on Wednesday, January 24. $84,735 worth of The Coca-Cola Company (NYSE:KO) was sold by MANN JENNIFER K.

The stock of Coca-cola Company (the) (NYSE:KO) registered a decrease of 2.39% in short interest. KO’s total short interest was 39.56 million shares in June as published by FINRA. Its down 2.39% from 40.53 million shares, reported previously. With 12.76M shares average volume, it will take short sellers 3 days to cover their KO’s short positions. The short interest to Coca-cola Company (the)’s float is 1.03%.

The stock increased 0.74% or $0.32 during the last trading session, reaching $43.57. About 5.25 million shares traded. The Coca-Cola Company (NYSE:KO) has declined 6.63% since June 25, 2017 and is downtrending. It has underperformed by 19.20% the S&P500.

The Coca-Cola Company, a beverage company, makes and distributes various nonalcoholic beverages worldwide. The company has market cap of $185.40 billion. The firm primarily offers sparkling beverages and still beverages. It has a 129.67 P/E ratio. The Company’s sparkling beverages include nonalcoholic ready-to-drink beverages with carbonation, such as carbonated energy drinks, and carbonated waters and flavored waters.

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

Among 9 analysts covering Coca-Cola (NYSE:KO), 4 have Buy rating, 0 Sell and 5 Hold. Therefore 44% are positive. Coca-Cola had 12 analyst reports since January 4, 2018 according to SRatingsIntel. The company was upgraded on Friday, January 12 by Evercore. The stock of The Coca-Cola Company (NYSE:KO) earned “Overweight” rating by Barclays Capital on Thursday, May 17. The firm earned “Hold” rating on Tuesday, April 17 by Goldman Sachs. The firm earned “Outperform” rating on Tuesday, February 20 by Credit Suisse. Jefferies maintained the shares of KO in report on Thursday, January 4 with “Hold” rating. On Monday, January 8 the stock rating was maintained by Cowen & Co with “Hold”. On Tuesday, February 20 the stock rating was maintained by BMO Capital Markets with “Market Perform”. The rating was maintained by BMO Capital Markets with “Hold” on Friday, February 16. As per Tuesday, February 20, the company rating was maintained by JP Morgan. The stock has “Buy” rating by Credit Suisse on Monday, March 12.

More notable recent The Coca-Cola Company (NYSE:KO) news were published by: Bizjournals.com which released: “Coca-Cola makes another pledge to reduce sugar high” on June 25, 2018, also Livetradingnews.com with their article: “The Coca-Cola Company (NYSE:KO) Sell Over $46.00” published on June 05, 2018, Livetradingnews.com published: “The Coca-Cola Company (NYSE:KO) A Look Inside the Technicals” on June 04, 2018. More interesting news about The Coca-Cola Company (NYSE:KO) were released by: Seekingalpha.com and their article: “Coca-Cola launches first alcoholic drink” published on May 28, 2018 as well as Seekingalpha.com‘s news article titled: “The Coca-Cola Company (KO) Management Presents at Deutsche Bank Global Consumer Conference (Transcript)” with publication date: June 13, 2018.

The Coca-Cola Company (NYSE:KO) Institutional Positions Chart

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