Market Runner: Q2 2016 Sentiment Coca Cola Co (NYSE:KO)

November 24, 2016 - By kentuckypostne   ·   0 Comments

Market Runner:  Q2 2016 Sentiment Coca Cola Co (NYSE:KO)

Sentiment for Coca Cola Co (NYSE:KO)

Coca Cola Co (NYSE:KO) institutional sentiment increased to 0.88 in 2016 Q2. Its up 0.03, from 0.85 in 2016Q1. The ratio has increased, as 587 active investment managers opened new and increased holdings, while 690 reduced and sold their positions in Coca Cola Co. The active investment managers in our partner’s database reported: 2.72 billion shares, down from 2.79 billion shares in 2016Q1. Also, the number of active investment managers holding Coca Cola Co in their top 10 holdings decreased from 111 to 94 for a decrease of 17. Sold All: 65 Reduced: 625 Increased: 513 New Position: 74.

The Coca-Cola Company is a beverage company. The company has a market cap of $176.28 billion. The Firm owns or licenses and markets over 500 nonalcoholic beverage brands, primarily sparkling beverages but also a range of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks. It has a 24.96 P/E ratio. The Company’s divisions include Eurasia and Africa, Europe, Latin America, North America, Asia Pacific, Bottling Investments and Corporate.

The stock decreased 0.60% or $0.25 on November 23, hitting $41.12. The Coca-Cola Co (NYSE:KO) has declined 7.68% since April 22, 2016 and is downtrending. It has underperformed by 13.09% the S&P500.

Analysts await The Coca-Cola Co (NYSE:KO) to report earnings on February, 14. They expect $0.37 earnings per share, down 2.63% or $0.01 from last year’s $0.38 per share. KO’s profit will be $1.59 billion for 27.78 P/E if the $0.37 EPS becomes a reality. After $0.49 actual earnings per share reported by The Coca-Cola Co for the previous quarter, Wall Street now forecasts -24.49% negative EPS growth.

According to Zacks Investment Research, “The Coca-Cola Company is the world’s largest beverage company and is the leading producer and marketer of soft drinks. Along with Coca-Cola, recognized as the world’s best-known brand, The Coca-Cola Company markets four of the world’s top five soft drink brands, including diet Coke, Fanta and Sprite. Through the world’s largest distribution system, consumers in nearly 200 countries enjoy The Coca-Cola Company’s products at a rate of more than 1 billion servings each day.”

Allen Holding Inc Ny holds 58.59% of its portfolio in The Coca-Cola Co for 6.00 million shares. Cook & Bynum Capital Management Llc owns 915,200 shares or 28.54% of their US portfolio. Moreover, Rit Capital Partners Plc has 22.25% invested in the company for 574,000 shares. The Florida-based Capital City Trust Co Fl has invested 17.24% in the stock. Rotella Capital Management Inc., a Washington-based fund reported 4,846 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 2 insider sales for $1.90 million net activity.

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

Ratings analysis reveals 45% of Coca-Cola’s analysts are positive. Out of 11 Wall Street analysts rating Coca-Cola, 5 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $37 while the high is $54.0. The stock’s average target of $45.92 is 11.67% above today’s ($41.12) share price. KO was included in 20 notes of analysts from July 21, 2015. The stock has “Neutral” rating given by Susquehanna on Tuesday, March 15. Deutsche Bank maintained the shares of KO in a report on Friday, September 25 with “Buy” rating. The firm has “Neutral” rating by Goldman Sachs given on Thursday, April 21. The stock of The Coca-Cola Co (NYSE:KO) earned “Neutral” rating by Credit Suisse on Friday, September 16. The stock of The Coca-Cola Co (NYSE:KO) earned “Buy” rating by UBS on Thursday, October 22. The firm earned “Buy” rating on Thursday, April 21 by UBS. The rating was maintained by Citigroup with “Buy” on Thursday, April 21. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, March 10. The stock of The Coca-Cola Co (NYSE:KO) earned “Hold” rating by Vetr on Monday, August 31. The stock has “Hold” rating given by Vetr on Monday, August 24.

KO Company Profile

The Coca-Cola Company, incorporated on September 5, 1919, is a beverage company. The Firm owns or licenses and markets over 500 nonalcoholic beverage brands, primarily sparkling beverages but also a range of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks. The Company’s divisions include Eurasia and Africa, Europe, Latin America, North America, Asia Pacific, Bottling Investments and Corporate. The Firm owns and markets a range of nonalcoholic sparkling beverage brands, including Coca-Cola, Diet Coke, Fanta and Sprite. The Firm markets, makes and sells beverage concentrates, which are referred to as beverage bases, and syrups, including fountain syrups (concentrate business or concentrate operations), and finished sparkling and still beverages (finished product business or finished product operations). The Firm makes its beverage products available to clients across the world through its network of Company-owned or -controlled bottling and distribution operations, as well as independent bottling partners, distributors, wholesalers and retailers.

More news for The Coca-Cola Co (NYSE:KO) were recently published by: Wsj.com, which released: “Coca-Cola Earnings: What to Watch” on October 25, 2016. Investorplace.com‘s article titled: “The Coca-Cola Co (KO) Debuts Coke Ginger” and published on October 31, 2016 is yet another important article.

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