Heritage Trust Co Reduces Stake in The Coca-Cola Company (NYSE:KO)

Gladys Abbott
April 25, 2018

The Coca-Cola Company (KO) ended its last session at $43.98 by Surging 0.55%. The yield on the 10-year Treasury note continued to trade at four-year highs, rising to 2.98 percent from 2.96 percent. The company reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. KO underperformed by 10.20% the S&P500. The 1-year low was published on April, 23 by Barchart.com. Its down 18.55% from 283,000 shares previously. Consolidated has volume of 16,801 shares. Exchange Cap accumulated 3,686 shares. It closed at $12.1862 lastly. Rent-A-Center, Inc. (NASDAQ:RCII) has declined 3.97% since April 24, 2017 and is downtrending. It has outperformed by 47.56% the S&P500.

In 2015, Coca-Cola purchased 17 percent of energy drink maker Monster Beverage in a $2 billion mega-deal; in 2016, the company sealed an agreement with Dunkin' Donuts to produce and distribute the brand's bottled iced coffee; and in March previous year, Coca-Cola acquired Unilever's AdeS plant-based beverage business. Marcato Capital Management Lp who had been investing in Rent A Ctr Inc New for a number of months, seems to be bullish on the $533.61 million market cap company. The price/earnings ratio (P/E) is 39.91 and the forward P/E ratio stands at 19.45. It markets and sells its products under the MASECA, TORTIMASA, MASARICA, MINSA, JUANA, MIMASA, TORTIRICAS, MISSION, TOSTY, RUMBA, BRAVOS, TRONADITAS, GUERRERO, CALIDAD, MEXIFOODS, and DELICADOS brand names. For the Current month, 8 analysts have assigned this stock as Buy where 15 assigned Outperform, 15 analysts believe it's a Hold, 0 said Underperform and only 0 assigned Sell rating. Therefore 86% are positive. State Of Alaska Department Of Revenue holds 10,528 shares. Jefferies maintained it with "Hold" rating and $4500 target in Tuesday, June 20 report. 2 are the (NYSE:KOF)'s ratings reports on April 24, 2018 according to StockzIntelligence Inc. Susquehanna Bancshares set a $45.00 target price on The Coca-Cola and gave the stock a "hold" rating in a research report on Monday, February 12th. Royal Bank of Canada set a $56.00 price objective on shares of The Coca-Cola and gave the stock a "buy" rating in a report on Monday. The firm earned "Buy" rating on Monday, March 12 by Credit Suisse. The rating was maintained by Cowen & Co on Friday, October 27 with "Hold". As per Thursday, September 29, the company rating was downgraded by Stifel Nicolaus. RBC Capital Markets maintained The Coca-Cola Company (NYSE:KO) on Tuesday, August 1 with "Buy" rating.

Among 6 analysts covering Capstone Turbine Corporation (NASDAQ:CPST), 5 have Buy rating, 0 Sell and 1 Hold.

Investors sentiment increased to 0.91 in Q4 2017. That's change of 0.27, from 2017Q3's 1.2.

In the liquidity ratio analysis; quick ratio for most recent quarter was 0.80 while current ratio for time period was 1.00. Noesis Capital Mangement Corp raised its stake in The Coca-Cola by 1.0% during the 2nd quarter. Moreover, Manufacturers Life Insurance The has 0% invested in Coca-Cola Bottling Co. Condor Capital stated it has 0.75% of its portfolio in The Coca-Cola Company (NYSE:KO). Bragg Fincl Advsrs has invested 0.24% of its portfolio in The Coca-Cola Company (NYSE:KO). The California-based Cornerstone has invested 0.07% in JPMorgan Chase & Co. First State Bank Of Mount Dora Tru Investment Svcs owns 43,835 shares for 0.89% of their portfolio.

According to AGNC Investment Corp.'s Insider ownership is at 0.50%. The legal version of this article can be viewed at https://registrarjournal.com/2018/04/24/scotia-capital-inc-grows-holdings-in-the-coca-cola-company-ko.html. Brookstone Capital Mngmt stated it has 0.53% in The Coca-Cola Company (NYSE:KO). MANN JENNIFER K sold $84,735 worth of stock or 1,883 shares. Global X Mgmt Ltd holds 0.24% or 232,309 shares.

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Since January 16, 2018, it had 0 buys, and 5 insider sales for $6.52 million activity. (AABA). Let's have a look at recent traded volume and some historical average volume information. $631,572 worth of The Coca-Cola Company (NYSE:KO) shares were sold by MURPHY JOHN.

In other The Coca-Cola news, insider Robert Edward Long sold 15,000 shares of The Coca-Cola stock in a transaction on Thursday, January 25th.

On 1/16/2018 Kathy N Waller, CFO, sold 23,240 with an average share price of $46.15 per share and the total transaction amounting to $1,072,526.00.

Bokf increased Coca Cola Co (KO) stake by 4.88% reported in 2017Q4 SEC filing.

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company has market cap of $238.50 million. The firm primarily offers sparkling beverages and still beverages.

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