What’s Propelling The Coca-Cola Company (KO) to Reach 52 Week Low?

April 25, 2018 - By Peter Erickson

The Coca-Cola Company (NYSE:KO) Logo

Investors sentiment increased to 0.91 in 2017 Q4. Its up 0.11, from 0.8 in 2017Q3. It improved, as 51 investors sold The Coca-Cola Company shares while 623 reduced holdings. 124 funds opened positions while 492 raised stakes. 2.73 billion shares or 0.05% less from 2.73 billion shares in 2017Q3 were reported.
Diversified Tru Company holds 613,917 shares or 1.72% of its portfolio. Weybosset Research & Management Ltd Llc has invested 0.45% in The Coca-Cola Company (NYSE:KO). Meridian has 28,336 shares for 0.61% of their portfolio. Hbk Invests Ltd Partnership holds 0.04% of its portfolio in The Coca-Cola Company (NYSE:KO) for 88,000 shares. Stevens First Principles Investment Advsr owns 18,756 shares. Sentinel Lba reported 0.14% in The Coca-Cola Company (NYSE:KO). Howland Cap Mngmt Lc invested 0.22% in The Coca-Cola Company (NYSE:KO). Gm Advisory Grp owns 9,213 shares or 0.12% of their US portfolio. Asset One Ltd accumulated 6.62M shares. Tower Limited Com (Trc) holds 54,959 shares or 0.33% of its portfolio. Massmutual Trust Com Fsb Adv accumulated 0% or 598 shares. Premier Asset Management Limited Company has 0.25% invested in The Coca-Cola Company (NYSE:KO) for 24,403 shares. Lvm Management Mi holds 0.26% or 24,638 shares. 20,549 are held by Glenview Commercial Bank Trust Dept. Metropolitan Life Insur Ny, New York-based fund reported 721,549 shares.

Since January 16, 2018, it had 0 buys, and 5 selling transactions for $6.52 million activity. $631,572 worth of stock was sold by MURPHY JOHN on Tuesday, March 13. HAYS ED sold $4.01M worth of stock or 84,400 shares. On Wednesday, January 24 the insider LONG ROBERT EDWARD sold $719,250. Shares for $84,735 were sold by MANN JENNIFER K on Monday, March 12.

The stock of The Coca-Cola Company (NYSE:KO) hit a new 52-week low and has $39.78 target or 6.00 % below today’s $42.32 share price. The 6 months bearish chart indicates high risk for the $180.47 billion company. The 1-year low was reported on Apr, 25 by Barchart.com. If the $39.78 price target is reached, the company will be worth $10.83B less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 1.74% or $0.75 during the last trading session, reaching $42.32. About 13.62 million shares traded or 1.57% up from the average. The Coca-Cola Company (NYSE:KO) has risen 1.35% since April 25, 2017 and is uptrending. It has underperformed by 10.20% the S&P500.

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

Among 12 analysts covering Coca-Cola (NYSE:KO), 5 have Buy rating, 0 Sell and 7 Hold. Therefore 42% are positive. Coca-Cola had 18 analyst reports since October 26, 2017 according to SRatingsIntel. The stock of The Coca-Cola Company (NYSE:KO) has “Hold” rating given on Friday, October 27 by Cowen & Co. The firm has “Outperform” rating given on Tuesday, November 14 by Wells Fargo. Evercore upgraded The Coca-Cola Company (NYSE:KO) on Friday, January 12 to “Outperform” rating. RBC Capital Markets maintained it with “Buy” rating and $56.0 target in Thursday, December 21 report. The rating was maintained by Jefferies on Thursday, January 4 with “Hold”. Jefferies downgraded The Coca-Cola Company (NYSE:KO) rating on Tuesday, March 27. Jefferies has “Hold” rating and $4900 target. The firm has “Market Perform” rating given on Tuesday, February 20 by BMO Capital Markets. On Thursday, October 26 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. Stifel Nicolaus maintained The Coca-Cola Company (NYSE:KO) on Friday, December 22 with “Hold” rating. Cowen & Co maintained The Coca-Cola Company (NYSE:KO) on Monday, January 8 with “Hold” rating.

The Coca-Cola Company, a beverage company, makes and distributes various nonalcoholic beverages worldwide. The company has market cap of $180.47 billion. The firm primarily offers sparkling beverages and still beverages. It has a 144.93 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) Institutional Positions Chart

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