As Coca (KO) Share Price Rose, Shareholder Fayez Sarofim & Company Has Cut by $6.06 Million Its Stake

March 20, 2018 - By Dolores Ford

Investors sentiment decreased to 0.8 in 2017 Q3. Its down 0.14, from 0.94 in 2017Q2. It fall, 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. Picton Mahoney Asset Mngmt has 0.58% invested in The Coca-Cola Company (NYSE:KO). Birmingham Cap Mgmt Al stated it has 114,564 shares. Congress Asset Mngmt Com Ma holds 0.01% of its portfolio in The Coca-Cola Company (NYSE:KO) for 15,930 shares. Moreover, Lsv Asset Management has 0% invested in The Coca-Cola Company (NYSE:KO). Manufacturers Life The invested in 5.28M shares. Robeco Institutional Asset Mngmt Bv has 0.68% invested in The Coca-Cola Company (NYSE:KO). The West Virginia-based Mckinley Carter Wealth Svcs has invested 0.13% in The Coca-Cola Company (NYSE:KO). Bowen Hanes & Company owns 217,900 shares. Cullen Frost Bankers has invested 0.5% in The Coca-Cola Company (NYSE:KO). 22,724 are owned by John G Ullman. Moreover, Symphony Asset Mngmt Ltd has 0.06% invested in The Coca-Cola Company (NYSE:KO). 32,022 are held by Intrust State Bank Na. Aviva Public Lc has 0.61% invested in The Coca-Cola Company (NYSE:KO). Bb&T Lc reported 1.06 million shares. Pinebridge Invs LP stated it has 77,393 shares.

Since January 16, 2018, it had 0 insider purchases, and 5 sales for $6.52 million activity. LONG ROBERT EDWARD sold $719,250 worth of stock. HAYS ED had sold 84,400 shares worth $4.01M on Tuesday, January 23. Shares for $84,735 were sold by MANN JENNIFER K. 23,240 The Coca-Cola Company (NYSE:KO) shares with value of $1.07 million were sold by Waller Kathy N.

Fayez Sarofim & Company decreased its stake in Coca (KO) by 0.58% based on its latest 2017Q3 regulatory filing with the SEC. Fayez Sarofim & Company sold 134,752 shares as the company’s stock rose 6.48% with the market. The institutional investor held 22.95 million shares of the beverages (production and distribution) company at the end of 2017Q3, valued at $1.03B, down from 23.08 million at the end of the previous reported quarter. Fayez Sarofim & Company who had been investing in Coca for a number of months, seems to be less bullish one the $184.24 billion market cap company. The stock decreased 0.13% or $0.0559 during the last trading session, reaching $43.2041. About 2.45 million shares traded. The Coca-Cola Company (NYSE:KO) has declined 0.95% since March 20, 2017 and is downtrending. It has underperformed by 17.65% the S&P500.

Fayez Sarofim & Company, which manages about $31.66 billion and $19.02B US Long portfolio, upped its stake in Constellationbrandsinc. (NYSE:STZ) by 15,291 shares to 390,511 shares, valued at $77.89M in 2017Q3, according to the filing. It also increased its holding in Microsoftcorp (NASDAQ:MSFT) by 241,998 shares in the quarter, for a total of 6.83 million shares, and has risen its stake in Statestreetcorp (NYSE:STT).

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 $1.96 billion for 23.48 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.

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. $47.80’s average target is 10.64% above currents $43.2041 stock price. Coca-Cola had 74 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Friday, September 16 by Credit Suisse. The stock has “Hold” rating by Stifel Nicolaus on Monday, September 18. The rating was maintained by RBC Capital Markets on Tuesday, September 5 with “Buy”. On Tuesday, July 21 the stock rating was initiated by Sterne Agee CRT with “Buy”. Morgan Stanley maintained the stock with “Equal-Weight” rating in Thursday, October 26 report. As per Friday, October 27, the company rating was maintained by Cowen & Co. Cowen & Co maintained it with “Hold” rating and $44.0 target in Monday, January 8 report. The stock of The Coca-Cola Company (NYSE:KO) earned “Neutral” rating by Goldman Sachs on Thursday, April 21. The stock of The Coca-Cola Company (NYSE:KO) has “Outperform” rating given on Tuesday, November 14 by Wells Fargo. The firm has “Hold” rating given on Friday, December 22 by Stifel Nicolaus.

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