Citigroup Reconfirms The Buy Rating They’ve had for Coca-Cola (NYSE:KO) Shares

May 18, 2018 - By Robert Crowder

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Investors sentiment increased to 0.91 in Q4 2017. Its up 0.11, from 0.8 in 2017Q3. It improved, as 51 investors sold The Coca-Cola Company shares while 623 reduced holdings. 124 funds opened positions while 492 raised stakes. 2.73 billion shares or 0.05% less from 2.73 billion shares in 2017Q3 were reported.

Weatherly Asset Mngmt Limited Partnership invested in 21,629 shares. Stonebridge Advsrs Ltd Co owns 1.67% invested in The Coca-Cola Company (NYSE:KO) for 158,590 shares. South State owns 254,897 shares. River And Mercantile Asset Mgmt Limited Liability Partnership has invested 0.75% in The Coca-Cola Company (NYSE:KO). City Hldg reported 2.37% of its portfolio in The Coca-Cola Company (NYSE:KO). Gotham Asset Mngmt Limited Liability Corp accumulated 1.30 million shares. Balyasny Asset Mngmt Limited Liability Corp holds 0.01% or 37,478 shares. Benedict Advsr Inc reported 85,267 shares or 1.88% of all its holdings. Wg Shaheen Associates Dba Whitney holds 1.44% in The Coca-Cola Company (NYSE:KO) or 108,638 shares. Wilbanks Smith And Thomas Asset Mgmt Limited Liability Corporation holds 0.25% of its portfolio in The Coca-Cola Company (NYSE:KO) for 68,769 shares. Ameriprise has invested 0.15% in The Coca-Cola Company (NYSE:KO). 123,318 were reported by Martingale Asset Mgmt L P. Texas Permanent School Fund owns 0.6% invested in The Coca-Cola Company (NYSE:KO) for 1.05 million shares. Natixis Asset Mngmt owns 18,500 shares. Amer Economic Planning Gp Adv holds 8,001 shares or 0.14% of its portfolio.

Since January 16, 2018, it had 0 buys, and 5 selling transactions for $6.52 million activity. 84,400 The Coca-Cola Company (NYSE:KO) shares with value of $4.01 million were sold by HAYS ED. $719,250 worth of The Coca-Cola Company (NYSE:KO) shares were sold by LONG ROBERT EDWARD. On Monday, March 12 MANN JENNIFER K sold $84,735 worth of The Coca-Cola Company (NYSE:KO) or 1,883 shares. Waller Kathy N sold $1.07M worth of stock.

Coca-Cola (NYSE:KO) Rating Reaffirmed

In an analyst report shared with investors and clients on Thursday morning, Citigroup maintained their Buy rating on Coca-Cola (NYSE:KO) shares.

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

Among 10 analysts covering Coca-Cola (NYSE:KO), 4 have Buy rating, 0 Sell and 6 Hold. Therefore 40% are positive. Coca-Cola has $56.0 highest and $44.0 lowest target. $49.33’s average target is 16.62% above currents $42.3 stock price. Coca-Cola had 13 analyst reports since December 14, 2017 according to SRatingsIntel. The rating was maintained by JP Morgan with “Neutral” on Tuesday, February 20. The firm has “Hold” rating given on Friday, December 22 by Stifel Nicolaus. Credit Suisse maintained the shares of KO in report on Tuesday, February 20 with “Outperform” rating. The company was maintained on Thursday, December 21 by RBC Capital Markets. As per Friday, January 12, the company rating was upgraded by Evercore. Jefferies maintained The Coca-Cola Company (NYSE:KO) rating on Thursday, January 4. Jefferies has “Hold” rating and $50.0 target. The company was maintained on Tuesday, February 20 by BMO Capital Markets. The company was maintained on Monday, January 8 by Cowen & Co. On Tuesday, March 27 the stock rating was downgraded by Jefferies to “Hold”. The rating was maintained by BMO Capital Markets on Friday, February 16 with “Hold”.

The stock increased 1.81% or $0.75 during the last trading session, reaching $42.3. About 14.86M shares traded or 19.10% up from the average. The Coca-Cola Company (NYSE:KO) has risen 1.35% since May 18, 2017 and is uptrending. It has underperformed by 10.20% the S&P500.

Analysts await The Coca-Cola Company (NYSE:KO) to report earnings on July, 25. They expect $0.61 EPS, up 3.39 % or $0.02 from last year’s $0.59 per share. KO’s profit will be $2.60 billion for 17.34 P/E if the $0.61 EPS becomes a reality. After $0.47 actual EPS reported by The Coca-Cola Company for the previous quarter, Wall Street now forecasts 29.79 % EPS growth.

The Coca-Cola Company, a beverage company, makes and distributes various nonalcoholic beverages worldwide. The company has market cap of $180.00 billion. The firm primarily offers sparkling beverages and still beverages. It has a 144.86 P/E ratio. The Company’s sparkling beverages include nonalcoholic ready-to-drink beverages with carbonation, such as carbonated energy drinks, and carbonated waters and flavored waters.

More notable recent The Coca-Cola Company (NYSE:KO) news were published by: Etftrends.com which released: “Consumer Staples ETFs: Why the Struggle is Real” on May 17, 2018, also Bizjournals.com with their article: “Former Coca-Cola, ESPN marketing executive on making the shift to health care with Cambia” published on May 02, 2018, Livetradingnews.com published: “The Coca-Cola Company (NYSE:KO) Stock Worth Watching” on April 26, 2018. More interesting news about The Coca-Cola Company (NYSE:KO) were released by: Livetradingnews.com and their article: “The Coca-Cola Company (NYSE:KO) Bullish Divergence” published on May 03, 2018 as well as Streetinsider.com‘s news article titled: “Wall Street slips as Cisco drags, bond yields rise” with publication date: May 17, 2018.

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

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