Acadian Asset Management LLC Has Raised Holding in Coca (KO) by $5.07 Million

August 10, 2018 - By Harriett Tippett

The Coca-Cola Company (NYSE:KO) LogoInvestors sentiment decreased to 0.69 in 2018 Q1. Its down 0.22, from 0.91 in 2017Q4. It dived, as 74 investors sold KO shares while 684 reduced holdings. 104 funds opened positions while 416 raised stakes. 2.72 billion shares or 0.06% less from 2.73 billion shares in 2017Q4 were reported. Jacobs Levy Equity Management holds 0.09% in The Coca-Cola Company (NYSE:KO) or 124,810 shares. Dearborn Ptnrs Ltd Liability Corp has invested 1.63% in The Coca-Cola Company (NYSE:KO). 85,270 were accumulated by Harvey Ltd. The Ontario – Canada-based Canada Pension Plan Invest Board has invested 0.91% in The Coca-Cola Company (NYSE:KO). 6,536 were reported by Meridian Counsel. Daiwa Grp Inc holds 0.07% or 196,217 shares in its portfolio. 350 are held by Family Trust. Polaris Greystone Financial Gru Ltd Llc holds 1,454 shares. Loring Wolcott And Coolidge Fiduciary Advsrs Limited Liability Partnership Ma reported 166,714 shares or 0.13% of all its holdings. Aldebaran Fincl has invested 1.21% in The Coca-Cola Company (NYSE:KO). Wolverine Asset Mgmt Lc accumulated 57,894 shares. Wg Shaheen Associates Dba Whitney, New York-based fund reported 16,520 shares. Mitchell Mcleod Pugh And Williams has invested 0.53% in The Coca-Cola Company (NYSE:KO). Brighton Jones Limited Com has 15,833 shares. Edgewood Lc invested 0.01% of its portfolio in The Coca-Cola Company (NYSE:KO).

Since March 12, 2018, it had 0 buys, and 3 selling transactions for $3.32 million activity. On Wednesday, July 25 the insider MURPHY JOHN sold $2.60M.

Acadian Asset Management Llc increased its stake in Coca (KO) by 1.38% based on its latest 2018Q1 regulatory filing with the SEC. Acadian Asset Management Llc bought 117,959 shares as the company’s stock declined 3.70% with the market. The institutional investor held 8.64M shares of the beverages (production and distribution) company at the end of 2018Q1, valued at $375.36 million, up from 8.52 million at the end of the previous reported quarter. Acadian Asset Management Llc who had been investing in Coca for a number of months, seems to be bullish on the $195.98B market cap company. The stock decreased 0.58% or $0.27 during the last trading session, reaching $46.08. About 7.43M shares traded. The Coca-Cola Company (NYSE:KO) has declined 6.63% since August 10, 2017 and is downtrending. It has underperformed by 19.20% the S&P500.

Acadian Asset Management Llc, which manages about $65.15B and $23.12 billion US Long portfolio, decreased its stake in Astrazeneca Plc (NYSE:AZN) by 602,290 shares to 5,374 shares, valued at $188,000 in 2018Q1, according to the filing. It also reduced its holding in Alibaba Group Hldg Ltd (NYSE:BABA) by 987,475 shares in the quarter, leaving it with 93,396 shares, and cut its stake in Skechers U S A Inc (NYSE:SKX).

More notable recent The Coca-Cola Company (NYSE:KO) news were published by: Seekingalpha.com which released: “Box: Returns Pack A Punch” on August 07, 2018, also 247Wallst.com with their article: “What to Look For in Coca-Cola Earnings” published on July 24, 2018, Bizjournals.com published: “Prominent Coca-Cola distributor reportedly in bidding for Sports Illustrated” on August 07, 2018. More interesting news about The Coca-Cola Company (NYSE:KO) were released by: Seekingalpha.com and their article: “Coca-Cola: Bye-Bye Discount” published on July 26, 2018 as well as Seekingalpha.com‘s news article titled: “I Bought Illinois Tool Works After Its Nearly 30% Dividend Increase” with publication date: August 09, 2018.

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

Among 7 analysts covering Coca-Cola (NYSE:KO), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Coca-Cola had 9 analyst reports since February 16, 2018 according to SRatingsIntel. Barclays Capital upgraded the shares of KO in report on Thursday, May 17 to “Overweight” rating. The firm has “Buy” rating given on Monday, March 12 by Credit Suisse. Jefferies downgraded The Coca-Cola Company (NYSE:KO) on Tuesday, March 27 to “Hold” rating. Goldman Sachs upgraded The Coca-Cola Company (NYSE:KO) rating on Tuesday, April 17. Goldman Sachs has “Hold” rating and $4600 target. BMO Capital Markets maintained The Coca-Cola Company (NYSE:KO) rating on Tuesday, February 20. BMO Capital Markets has “Market Perform” rating and $48 target. The firm has “Hold” rating given on Friday, February 16 by BMO Capital Markets. Credit Suisse maintained The Coca-Cola Company (NYSE:KO) rating on Tuesday, February 20. Credit Suisse has “Outperform” rating and $53 target. As per Tuesday, February 20, the company rating was maintained by JP Morgan. Citigroup maintained the stock with “Buy” rating in Thursday, May 17 report.

The Coca-Cola Company (NYSE:KO) Institutional Positions Chart

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