Atalanta Sosnoff Capital LLC Increases Stake in Coca-Cola Company (The) (KO)

The Coca Cola Co

Coca-Cola Company (The) presently has an average rating of "Hold" and an average target price of $45.70.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. BMO Capital Markets decreased their price objective on shares of Coca-Cola Company (The) from $47.00 to $46.00 and set a "market perform" rating for the company in a report on Monday, July 31st. Zacks Lowered stocks of Coca-Cola Company (The) from a "buy" recommendation to a "hold" recommendation in a analysis note on Tue, Aug 1st. BidaskClub cut shares of Coca-Cola Company (The) from a "buy" rating to a "hold" rating in a report on Saturday, July 1st. Barclays PLC reiterated a "buy" rating and set a $46.00 price objective on shares of Coca-Cola European Partners PLC in a research note on Friday, July 21st. If you are viewing this piece of content on another publication, it was stolen and republished in violation of United States & global trademark & copyright legislation. If you are accessing this article on another site, it was illegally stolen and reposted in violation of United States and worldwide copyright & trademark legislation. The original version of this report can be read at https://transcriptdaily.com/2017/08/13/coca-cola-company-the-ko-receives-consensus-recommendation-of-hold-from-analysts.html.

Want to see what other hedge funds are holding KO? As of quarter end Alliancebernstein L.P. had sold a total of 100 shares trimming its position 1.6%. Following the completion of the transaction, the insider now directly owns 780,258 shares in the company, valued at approximately $35,111,610. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. $15.94M worth of The Coca-Cola Co (NYSE:KO) was sold by Finan Irial. Insiders own 1.51% of the company's stock. The disclosure for this sale can be found here. Comparatively, The Coca-Cola Company posted earnings of $0.51 per share in the same quarter previous year.

Several institutional investors have recently made changes to their positions in KO. Feltz Wealth PLAN Inc. acquired a new stake in Coca-Cola Company (The) during the first quarter valued at $150,000. SRS Capital Advisors Inc. now owns 3,326 shares of the company's stock worth $141,000 after buying an additional 264 shares in the last quarter. The value of the position overall is up by 21.3%. Perkins Coie Trust Co has an ownership of 3,180 stocks of the firms shares valued $143,000 after scooping up an extra 572 shares through out the quarter. Guinness Asset Management Ltd raised its position in Coca-Cola Company (The) by 13.4% in the first quarter. As of quarter end Renaissance Technologies LLC had disposed of 9,473 shares trimming its stake by 25.4%. The Bahl & Gaynor Inc holds 3.58 million shares with $148.46M value, down from 3.79M last quarter. Wetherby Asset Management Inc. now owns 9,292 shares of the company's stock valued at $350,000 after buying an additional 146 shares during the period. Finally, Marathon Asset Management LLP raised its position in Coca-Cola Company (The) by 7.3% in the first quarter. Epoch Investment Partners Inc. now owns 8,344,550 shares of the company's stock valued at $374,254,000 after buying an additional 1,838,682 shares during the last quarter. The stock has been active on the tape, now trading at $43.22, up from yesterday's close by 0.44%. 8,357,607 shares of the company's stock traded hands.

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It is trading at $208.81 which is significantly below the 50 day moving average which is $233.33 and a tad higher than the 200 day moving average of $206.90. The firm has a market capitalization of $194.46 billion, a P/E ratio of 48.14 and a beta of 0.69. The stock stands almost -55.9% off versus the 52-week high and 230.77% away from the 52-week low. UBS maintained The Coca-Cola Co (NYSE:KO) on Thursday, April 21 with "Buy" rating. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.57 by $0.02. The company had revenue of $9.70 billion during the quarter, compared to analysts' expectations of $9.62 billion. Coca-Cola Company (The) had a net margin of 10.68% and a return on equity of 34.53%. Coca-Cola Company (The)'s revenue was down 15.9% on a year-over-year basis. Sell-side analyst recommendations point to a short term price target of $€38.14 on the company shares. On average, analysts anticipate that Coca-Cola Company will post $1.90 EPS for the current year. Coca-Cola Company (The) declared a dividend for shareholders payable on Monday October 2nd, 2017. Investors of record on Friday, September 15th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, September 14th.

The Coca-Cola Company (KO) has an Analysts' Mean Recommendation of 2.6, according to data compiled by Finviz.

Coca-Cola European Partners plc (CCE) is an interesting player in the Consumer Goods space, with a focus on Beverages - Soft Drinks.

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