Economy

Coca-Cola profit rise 38 percent, on higher Sprite demand

The Jacobs Asset Management Llc holds 150,000 shares with $11.47M value, down from 162,500 last quarter. Comerica State Bank accumulated 1.54M shares or 0.52% of the stock. About shares traded. Globant SA (NYSE:GLOB) has risen 4.32% since October 26, 2016 and is uptrending. It has outperformed by 10.05% the S&P500.

The Coca-Cola Company (KO) has an Analysts' Mean Recommendation of 2.5. Flossbach Von Storch Ag sold 2.07M shares as Coca (KO)'s stock rose 6.48%.

Wasatch Advisors Inc, which manages about $19.28 billion and $7.17B US Long portfolio, decreased its stake in Medtronic Plc (NYSE:MDT) by 10,595 shares to 117,599 shares, valued at $10.44 million in 2017Q2, according to the filing. Coca now has $196.42B valuation. Louisiana State Employees Retirement System invested in 238,500 shares or 0.53% of the stock. It has underperformed by 17.65% the S&P500. Shareholders of record on Friday, December 1st will be given a $0.37 dividend. Its up 0.15, from 0.79 in 2017Q1. It improved, as 49 investors sold KO shares while 618 reduced holdings. 123 funds opened positions while 504 raised stakes. The Wisconsin-based Campbell Newman Asset Mgmt has invested 0.29% in The Coca-Cola Co (NYSE:KO). The Piotroski F-Score of Coca-Cola Amatil Limited (ASX:CCL) is 6.

The company's diluted EPS for trailing twelve months was 0.96. Badgley Phelps Bell Inc reported 0.04% of its portfolio in The Coca-Cola Co (NYSE:KO). Parsons Cap Mngmt Ri stated it has 17,568 shares. Gm Advisory Grp has 0.16% invested in The Coca-Cola Co (NYSE:KO) for 11,447 shares. Royal Bank Of Canada reported 4,391 shares. First Merchants has 0.22% invested in The Coca-Cola Co (NYSE:KO) for 18,125 shares. Susquehanna Bancshares Inc set a $42.00 target price on Coca-Cola Company (The) and gave the stock a hold rating in a report on Wednesday, October 18th. Schroder Inv Gp holds 0.27% or 3.31M shares in its portfolio. Goldman Sachs reported 183,455 shares. Indexiq Advsr Ltd Limited Liability Company owns 6,858 shares for 0.03% of their portfolio.

Coca-Cola Company (The) (NYSE:KO) last announced its earnings results on Wednesday, October 25th.

Earnings for the quarter ending September 29 came in at $1.4-billion, up 38.3 percent from the year-ago period. National Bank & Trust has 0.69% invested in The Coca-Cola Co (NYSE:KO). (NASDAQ:CSCO) by 37,727 shares in the quarter, leaving it with 295,216 shares, and cut its stake in Summit Hotel Properties Inc. Spdr Ser Tr (SJNK) was raised too. Therefore 43% are positive. The Coca-Cola Company has been given an analysts' mean target of 47.73. As per Wednesday, September 6, the company rating was maintained by BMO Capital Markets. The firm earned "Buy" rating on Tuesday, January 12 by Stifel Nicolaus. The firm has "Hold" rating by Cowen & Co given on Thursday, July 13. The rating was maintained by Keefe Bruyette & Woods on Wednesday, August 9 with "Hold". As per Wednesday, April 19, the company rating was upgraded by Credit Suisse.

Want to see what other hedge funds are holding KO? Piper Jaffray maintained Wintrust Financial Corp (NASDAQ:WTFC) on Friday, September 1 with "Hold" rating. The rating was upgraded by UBS on Friday, February 5 to "Buy". If the ratio is less than 1, then we can determine that there has been a decrease in price. Its up 0.05, from 1.35 in 2017Q1. Levin Capital Strategies Limited Partnership invested in 16,160 shares. The Massachusetts-based Geode Cap Management Lc has invested 1.4% in Facebook Inc (NASDAQ:FB). The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.02. The New Jersey-based Fcg Advsrs Ltd Com has invested 0.47% in The Coca-Cola Co (NYSE:KO). 69,515 are held by Thomas Story And Son Ltd Liability. Capstone Asset Mngmt invested in 189,733 shares. Bridges Management holds 0.18% or 30,602 shares. American Asset has invested 0.56% in Facebook Inc (NASDAQ:FB). Amica Pension Fund Board Of Trustees accumulated 0.78% or 139,933 shares. Vanguard Grp Inc Inc reported 275.22M shares. Stratos Wealth Prns accumulated 71,564 shares. Puplava Financial holds 10,965 shares or 0.26% of its portfolio. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the stock. Therefore 60% are positive. Facebook had 187 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Citigroup on Thursday, April 21 with "Buy". The firm has "Buy" rating by Sterne Agee CRT given on Tuesday, July 21. Sanford C. Bernstein set a $49.00 price objective on shares of Coca-Cola Company (The) and gave the stock a "buy" rating in a research note on Tuesday, July 11th. The rating was maintained by Mizuho on Thursday, November 5 with "Buy". The firm has "Hold" rating given on Friday, October 20 by Brean Capital. The company was maintained on Thursday, October 19 by Keefe Bruyette & Woods.

Since May 3, 2017, it had 0 insider purchases, and 4 selling transactions for $22.03 million activity. DOUGLAS J ALEXANDER JR had sold 22,000 shares worth $951,500 on Wednesday, May 3. Koum Jan had sold 594,246 shares worth $88.97 million on Monday, May 15. The insider Stretch Colin sold 750 shares worth $113,850. Finan Irial sold $15.94M worth of stock.

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