Short Interest Coverage: What’s Ahead for Coca Cola Company (NYSE:KO) After More Shorted Shares?

November 29, 2016 - By Linda Rogers   ·   0 Comments

Short Interest Coverage: What’s Ahead for Coca Cola Company (NYSE:KO) After More Shorted Shares?

The stock of Coca Cola Company (NYSE:KO) registered an increase of 9.39% in short interest. KO’s total short interest was 32.59 million shares in November as published by FINRA. Its up 9.39% from 29.79M shares, reported previously. With 13.78M shares average volume, it will take short sellers 2 days to cover their KO’s short positions. The short interest to Coca Cola Company’s float is 0.84%. The stock increased 0.53% or $0.22 during the last trading session, hitting $41.75. About 51 shares traded hands. The Coca-Cola Co (NYSE:KO) has declined 6.24% since April 26, 2016 and is downtrending. It has underperformed by 11.50% the S&P500.

The Coca-Cola Company is a beverage company. The company has a market cap of $181.86 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 25.34 P/E ratio. The Company’s divisions include Eurasia and Africa, Europe, Latin America, North America, Asia Pacific, Bottling Investments and Corporate.

Insitutional Activity: The institutional sentiment increased to 0.88 in 2016 Q2. Its up 0.03, from 0.85 in 2016Q1. The ratio improved, as 65 funds sold all The Coca-Cola Co shares owned while 625 reduced positions. 74 funds bought stakes while 513 increased positions. They now own 2.72 billion shares or 2.58% less from 2.79 billion shares in 2016Q1.
The Pennsylvania-based Peoples Service has invested 1.68% in The Coca-Cola Co (NYSE:KO). At Bankshares owns 13,395 shares or 0.09% of their US portfolio. Gideon Cap Advsr holds 0.68% of its portfolio in The Coca-Cola Co (NYSE:KO) for 25,861 shares. Blue Bell Private Wealth Management Limited Liability Co reported 2,227 shares or 0.07% of all its holdings. Independent has 1.26% invested in the company for 57,506 shares. Lombard Odier Asset Management (Switzerland) reported 56,806 shares or 0.35% of all its holdings. New England And Mgmt last reported 13,673 shares in the company. The Texas-based Holt Cap Advsrs Ltd Com Dba Holt Cap Partners Ltd Partnership has invested 0.14% in The Coca-Cola Co (NYSE:KO). Teachers Retirement Of The State Of Kentucky has 0.3% invested in the company for 506,230 shares. Analytic Llc has invested 0.19% of its portfolio in The Coca-Cola Co (NYSE:KO). Weatherly Asset Mgmt L P holds 0.41% or 11,246 shares in its portfolio. Homrich And Berg holds 0.98% of its portfolio in The Coca-Cola Co (NYSE:KO) for 226,270 shares. Segall Bryant And Hamill accumulated 0.1% or 83,460 shares. Dock Street Asset Mngmt has invested 0.34% of its portfolio in The Coca-Cola Co (NYSE:KO). Wellington Shields And Co owns 18,338 shares or 0.52% of their US portfolio.

Insider Transactions: Since November 3, 2016, the stock had 0 buys, and 2 sales for $1.90 million net activity. $1.53 million worth of The Coca-Cola Co (NYSE:KO) shares were sold by Waller Kathy N. Goepelt Bernhard also sold $373,370 worth of The Coca-Cola Co (NYSE:KO) shares.

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

Out of 11 analysts covering Coca-Cola (NYSE:KO), 5 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 45% are positive. $54.0 is the highest target while $37 is the lowest. The $45.92 average target is 9.99% above today’s ($41.75) stock price. Coca-Cola has been the topic of 20 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Tuesday, January 12, the company rating was upgraded by Stifel Nicolaus. The stock of The Coca-Cola Co (NYSE:KO) has “Buy” rating given on Tuesday, July 21 by Sterne Agee CRT. UBS maintained the stock with “Buy” rating in Thursday, April 21 report. The stock of The Coca-Cola Co (NYSE:KO) has “Neutral” rating given on Tuesday, March 15 by Susquehanna. UBS upgraded the stock to “Buy” rating in Friday, February 5 report. Vetr upgraded The Coca-Cola Co (NYSE:KO) on Monday, August 24 to “Hold” rating. The firm earned “Neutral” rating on Wednesday, June 29 by Goldman Sachs. Susquehanna upgraded the stock to “Neutral” rating in Friday, February 5 report. As per Thursday, October 22, the company rating was maintained by UBS. Goldman Sachs maintained the stock with “Neutral” rating in Thursday, April 21 report.

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.

Another recent and important The Coca-Cola Co (NYSE:KO) news was published by Investorplace.com which published an article titled: “The Coca-Cola Co (KO) Debuts Coke Ginger” on October 31, 2016.

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By Linda Rogers

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