As Coca Cola Co (KO) Share Price Declined, Zwj Investment Counsel INC Has Decreased Position by $8.97 Million

September 8, 2018 - By Mary Kidd

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. Bontempo Ohly Capital Limited Liability Co reported 69,766 shares. Bancshares Of The West owns 53,850 shares. Greatmark Inv Partners Incorporated holds 2.29% of its portfolio in The Coca-Cola Company (NYSE:KO) for 144,876 shares. Evergreen Management Ltd Limited Liability Company owns 19,041 shares. Aqr Capital Management Limited Liability Company reported 2.86M shares. Factory Mutual Insur, a Massachusetts-based fund reported 1.72 million shares. Deutsche Retail Bank Ag has invested 0.48% in The Coca-Cola Company (NYSE:KO). Creative Planning reported 0.07% of its portfolio in The Coca-Cola Company (NYSE:KO). Douglass Winthrop Advsrs Ltd Llc owns 138,134 shares. Tiedemann Advsrs Limited Liability Company stated it has 22,023 shares. The South Carolina-based South State Corp has invested 1.23% in The Coca-Cola Company (NYSE:KO). Sabal Trust Co has 58,994 shares. Spears Abacus Advsrs Limited Liability Corp has 0.03% invested in The Coca-Cola Company (NYSE:KO) for 5,567 shares. Moreover, Natixis has 0.34% invested in The Coca-Cola Company (NYSE:KO). Bb&T accumulated 941,519 shares or 0.78% of the stock.

Since March 12, 2018, it had 0 insider purchases, and 2 sales for $3.23 million activity. $2.60 million worth of The Coca-Cola Company (NYSE:KO) shares were sold by MURPHY JOHN.

Zwj Investment Counsel Inc decreased its stake in Coca Cola Co (KO) by 14.35% based on its latest 2018Q1 regulatory filing with the SEC. Zwj Investment Counsel Inc sold 208,682 shares as the company’s stock declined 3.70% with the market. The institutional investor held 1.25M shares of the beverages (production and distribution) company at the end of 2018Q1, valued at $54.10M, down from 1.45M at the end of the previous reported quarter. Zwj Investment Counsel Inc who had been investing in Coca Cola Co for a number of months, seems to be less bullish one the $194.44B market cap company. The stock decreased 0.11% or $0.05 during the last trading session, reaching $45.72. About 10.21 million shares traded. The Coca-Cola Company (NYSE:KO) has declined 6.63% since September 8, 2017 and is downtrending. It has underperformed by 19.20% the S&P500.

Analysts await The Coca-Cola Company (NYSE:KO) to report earnings on October, 24. They expect $0.55 earnings per share, up 10.00 % or $0.05 from last year’s $0.5 per share. KO’s profit will be $2.34 billion for 20.78 P/E if the $0.55 EPS becomes a reality. After $0.61 actual earnings per share reported by The Coca-Cola Company for the previous quarter, Wall Street now forecasts -9.84 % negative EPS growth.

More notable recent The Coca-Cola Company (NYSE:KO) news were published by: Seekingalpha.com which released: “The Coca-Cola Company (KO) Coke to Acquire Costa Conference (Transcript)” on August 31, 2018, also Seekingalpha.com with their article: “The Coca-Cola Co.: Time To Buy This ‘Legacy Asset?'” published on September 06, 2018, Seekingalpha.com published: “Coca-Cola’s Brilliant Assault On Starbucks” on September 03, 2018. More interesting news about The Coca-Cola Company (NYSE:KO) were released by: Seekingalpha.com and their article: “Coca-Cola: Topping Off, Or Topping Out?” published on September 04, 2018 as well as Seekingalpha.com‘s news article titled: “Lower Sugar Prices May Help Offset Coca-Cola’s Sales Decline” with publication date: August 29, 2018.

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

Among 5 analysts covering Coca-Cola (NYSE:KO), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Coca-Cola had 5 analyst reports since March 12, 2018 according to SRatingsIntel. Goldman Sachs upgraded The Coca-Cola Company (NYSE:KO) rating on Tuesday, April 17. Goldman Sachs has “Hold” rating and $4600 target. On Thursday, May 17 the stock rating was maintained by Citigroup with “Buy”. The rating was maintained by Credit Suisse on Monday, March 12 with “Buy”. The stock of The Coca-Cola Company (NYSE:KO) has “Hold” rating given on Tuesday, March 27 by Jefferies. On Thursday, May 17 the stock rating was upgraded by Barclays Capital to “Overweight”.

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

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