Economy

Bessemer Group Inc. Sells 25793 Shares of Coca-Cola Company (The) (KO)

Bessemer Group Inc. Sells 25793 Shares of Coca-Cola Company (The) (KO)”

Independence Com invested in 74,899 shares or 3.99% of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Of those transactions, there were 843,657 shares of KO bought and 2.12 million shares sold. The institutional investor held 39,134 shares of the beverages (production and distribution) company at the end of 2017Q2, valued at $1.76M, up from 31,534 at the end of the previous reported quarter. Parametric Associates Ltd Liability Co owns 1.14 million shares for 0.09% of their portfolio. Clearbridge Investments LLC grew its position in shares of Coca-Cola Company (The) by 8.1% in the 1st quarter. Quotient Investors LLC now owns 52,058 shares of the company's stock valued at $2,209,000 after buying an additional 1,676 shares during the period. Meeder Asset Management Inc. grew its holdings in Coca-Cola Company (The) by 59.4% in the 2nd quarter. Consolidated had its "buy" rating reiterated by analysts at Deutsche Bank. Bessemer Group Inc.'s holdings in Coca-Cola Company (The) were worth $6,021,000 at the end of the most recent quarter. Finally, Almanack Investment Partners LLC. purchased a new position in Coca-Cola Company (The) in the second quarter valued at about $142,000.

Among analysts who offered their Analysis on The Coca-Cola Company (KO)-4 analysts issued Buy for the stock, 5 analysts gave Outperform rating, 15 think it's a Hold, 1 issued Underperform, while 0 analyst gave a Sell rating. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States & worldwide copyright & trademark law. The correct version of this piece can be viewed at https://www.truebluetribune.com/2017/10/16/coca-cola-company-the-ko-upgraded-to-buy-by-zacks-investment-research.html. 1,007,532 shares of the company's stock traded hands. The stock had a trading volume of 6,184,400 shares. The 50 day moving average was up $10.82 or +5.04% and the 200 day average went up by +3.14%. The stock of The Coca-Cola Co (NYSE:KO) has "Buy" rating given on Thursday, March 23 by BMO Capital Markets.

Based on the latest brokerage notes which have been released to investors, 0 brokers have issued a rating of "strong buy", 0 brokers "buy", 1 brokers "neutral", 0 brokers "sell" and 0 brokers "strong sell".

The Coca-Cola Company (NYSE:KO) gross margin percentage stands at 61.2% while its operating margin for the past trailing twelve month is 14.5 percent and its overall profit margin (ttm) is 10.7 Percent. The business had revenue of $9.70 billion for the quarter, compared to analysts' expectations of $9.62 billion. On average, equities research analysts expect that Coca-Cola Company will post $1.90 EPS for the current year. Coca-Cola Company (The)'s revenue was down 15.9% on a year-over-year basis. The company reported $0.59 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.57 by $0.02. The company recently declared a dividend that will be paid on Friday November 10th, 2017. Stockholders of record on Friday, September 15th were issued a $0.37 dividend. The ex-dividend date was Thursday, September 14th. For KO, the company now has $11.72 Billion of cash on the books, which is offset by $17.83 Billion current liabilities. The insider, SMITH BRIAN JOHN, now holds 61,385 shares of KO. They now have a Dollars 45 price target on the stock. The insider now holds 720,805 shares of The Coca-Cola Company (KO). The Jolley Asset Management Llc holds 76,410 shares with $4.20 million value, down from 85,410 last quarter. Moreover, the company is on track to achieve total annualized productivity saving target of approximately $3.8 billion by 2019 from the initiatives implemented under this program since its beginning. The disclosure for this sale can be found here. The stock is trading $45.73 its 50-day moving average by -0.45%. The stock has "Buy" rating by RBC Capital Markets on Tuesday, August 1.

Other analysts also recently issued reports about the company. Macquarie began coverage on Coca-Cola Company (The) in a research report on Friday, September 15th. The firm earned "Hold" rating on Wednesday, July 26 by Susquehanna. At the time of writing, the First Call consensus price target for the company is $47.60. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. Stock's intraday price range hit the peak level of $4.7 and touched the lowest level of $4.61 besides its fifty two weeks range was $2.9- $5.38. 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.



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