Published: Sun, August 13, 2017
Business | By Max Garcia

Amalgamated Bank Significantly Increases Its Position in Coca-Cola Company (The) (KO)

Amalgamated Bank Significantly Increases Its Position in Coca-Cola Company (The) (KO)

BidaskClub upgraded Coca-Cola Company (The) from a "sell" rating to a "hold" rating in a research report on Monday, July 31st. Current price level places the company's stock about -2.17% from the 52-week high and 41.47% away from the 52-week low.

A number of other equities analysts have also weighed in on the company. Deutsche Bank AG restated a "hold" rating and set a $46.00 price target (up previously from $44.00) on shares of Coca-Cola European Partners PLC in a research note on Friday. Investec Asset Management Ltd bolstered its investment by buying 34,153 shares an increase of 14.7% in the quarter. The Coca-Cola Co (NYSE:KO) has declined 0.95% since August 11, 2016 and is downtrending. Argus lifted their price objective on Coca-Cola European Partners PLC from $44.00 to $46.00 and gave the stock a buy rating in a report on Wednesday, May 24th.

TRADEMARK VIOLATION WARNING: "Coca-Cola Company (The) (KO) Receives Consensus Recommendation of "Hold" from Analysts" was published by Transcript Daily and is the property of of Transcript Daily. If you are reading this piece of content on another site, it was illegally copied and reposted in violation of USA & worldwide trademark and copyright legislation. The correct version of this article can be accessed at https://www.chaffeybreeze.com/2017/08/12/coca-cola-company-the-ko-shares-sold-by-hoertkorn-richard-charles-updated-updated-updated.html. The ex-dividend date will be Tuesday June 13th, 2017. The total value of its holdings increased 10.2%. Boston Advisors LLC now owns 16,094 shares of the company's stock valued at $607,000 after buying an additional 101 shares during the period. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Accern also gave headlines about the company an impact score of 47.4247820377974 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next few days. The stock was sold at an average price of $46.01, for a total value of $354,277.00. Following the completion of the transaction, the insider now directly owns 780,258 shares in the company, valued at $35,111,610. The disclosure for this sale can be found here. The hedge fund run by David Simon held 253,730 shares of the beverages (production and distribution) company at the end of 2016Q4, valued at $10.52M, up from 159,620 at the end of the previous reported quarter. It worsened, as 76 investors sold KO shares while 623 reduced holdings. Finally, Pinnacle Bank bought a new position in Coca-Cola European Partners PLC during the first quarter valued at $182,000.

Destination Wealth Management grew its position by buying 3,802 shares an increase of 4.2% from 03/31/2017 to 06/30/2017. The value of the position overall is up by 11.1%. Ontario Teachers Pension Plan Board now owns 279,218 shares of the company's stock valued at $12,523,000 after buying an additional 48,670 shares during the last quarter. As of the end of the quarter Renaissance Technologies LLC had disposed of 9,473 shares trimming its stake by 25.4%. Keybank National Association OH increased its position in shares of Coca-Cola European Partners PLC by 1.2% in the second quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company's stock valued at $116,000 after buying an additional 129 shares during the period. Finally, Epoch Investment Partners Inc. boosted its position in Coca-Cola Company (The) by 28.3% in the second quarter. Guinness Asset Management Ltd now owns 232,940 shares of the company's stock valued at $9,886,000 after buying an additional 27,560 shares during the period.

The company is unchanged by 0.00 percent from yesterday's close. Trading was light with 62K shares changing hands in the last trading session. The stock has a 50-day moving average price of $42.13 and a 200 day moving average price of $38.81. The relative volume of the stock is 0.84, while its market cap is $195.82 Billion. Washington Tru Company reported 0.15% in The Coca-Cola Co (NYSE:KO). CCE is The Coca-Cola Company's strategic bottling partner in Western Europe. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.10. The firm had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.77 billion. The business's quarterly revenue was down 15.9% compared to the same quarter past year. Next quarter's EPS is expected be $1.64 with next year's EPS projected to be $10.02. On average, equities research analysts anticipate that Coca-Cola Company will post $1.90 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 11th. The firm has "Hold" rating given on Thursday, September 29 by Stifel Nicolaus. This dividend amount will represent a yeild of $3.25. Coca-Cola Company (The)'s yield ratio (DPR) is presently 154.17%.

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