Published: Fri, July 14, 2017
Money | By Armando Alvarado

The Coca-Cola Company (The) (KO) Shares Sold by IFP Advisors Inc

The Coca-Cola Company (The) (KO) Shares Sold by IFP Advisors Inc

Shares of Coca-Cola Company (NYSE KO) traded down 0.18% on Wednesday, hitting $44.43.

The top six drinks companies in the world use a combined average of just 6.6% of recycled plastic (Pet) in their products, according to Greenpeace. Over the past week, Coca-Cola Bottling Co. It has underperformed by 5.95% the S&P500.

Suntrust Banks Inc increased its stake in Coca Cola Co (KO) by 3.39% based on its latest 2016Q4 regulatory filing with the SEC. Insiders sold a total of 493,228 shares of company stock worth $22,024,770 in the last 90 days. Asset Management One Co. The stock now has Monthly Volatility of 0.80% and Weekly Volatility of 0.80%. The 50 day moving average went down $-0.57 or -1.27% and the 200 day average was up $1.62. It has outperformed by 18.63% the S&P500.

"Every day, around 16 million plastic bottles are littered or end up in landfill, and to have a global brand like Coca-Cola leading the way in developing the new solutions and changes in behaviour required is a real step forward". The shares were sold at an average price of $45.00, for a total value of $15,936,570.00. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold.

KO has been the subject of a number of recent analyst reports.

Coca-Cola already uses 10,000 tonnes of recycled plastic in its bottles each year in Great Britain from this facility; and since the partnership with Clean Tech began in 2012 it has recycled the equivalent of 2 billion bottles to be used in its packaging. The stock has "Buy" rating by Evercore on Tuesday, May 31. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the company. The firm earned "Market Perform" rating on Tuesday, August 9 by Raymond James. BMO Capital Markets downgraded it to "Market Perform" rating and $46 target in Wednesday, June 7 report. The stock has "Overweight" rating by Barclays Capital on Friday, February 12.

Investors sentiment increased to 0.61 in Q4 2016. Its down 0.01, from 0.88 in 2016Q3. It dropped, as 76 investors sold KO shares while 623 reduced holdings. 102 funds opened positions while 503 raised stakes. The High end of the forecast is $0.51 per share, while the Low end is $0.46 per share. Meiji Yasuda Life Insurance Company sold 24,780 shares as Coca Cola Co (KO)'s stock rose 6.48%. Montecito Savings Bank & Tru reported 66,838 shares. It also upped American Intl Group Inc stake by 78,835 shares and now owns 534,400 shares. Focused Wealth Incorporated invested in 12,602 shares. Castleark Management Ltd Liability Corp stated it has 0.01% of its portfolio in The Coca-Cola Co (NYSE:KO). 48,545 were accumulated by Longer. Renaissance Invest Grp Inc Limited Com has 0.1% invested in The Coca-Cola Co (NYSE:KO). Walleye Trading Ltd holds 900 shares or 0% of its portfolio. 466,436 were reported by Cibc.

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Green Square Capital Ltd Liability Corporation holds 26,654 shares or 0.17% of its portfolio. Pggm accumulated 3.50 million shares. The Coca-Cola Co (NYSE:KO) has declined 0.95% since July 13, 2016 and is downtrending. KO's profit will be $2.45B for 19.49 P/E if the $0.57 EPS becomes a reality. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.31 by $0.02.

Several research firms recently commented on KO. The ex-dividend date was set for Tuesday the 13th of June 2017.

Since February 10, 2017, it had 0 insider buys, and 7 sales for $32.72 million activity. Also, insider J Alexander Douglas, Jr. sold 22,000 shares of the company's stock in a transaction on Wednesday, May 3rd. Company insiders own 1.51% of the company's stock. The Beta factor for the stock is listed at 1.58.

Earlier this year Greenpeace revealed Coca-Cola is responsible for selling more than 100bn single-use plastic bottles across the globe every year - that's more than 3,000 every second. Moon Capital Management, LLC reduced its holdings by shedding 1,451 shares a decrease of 21.9% in the quarter. Therefore 57% are positive. Coca-Cola had 39 analyst reports since July 21, 2015 according to SRatingsIntel. Piper Jaffray initiated it with "Overweight" rating and $50 target in Friday, June 10 report. The rating was downgraded by Goldman Sachs on Monday, January 9 to "Sell".

The initiatives follow significant media coverage of low recycling rates for plastics and widespread concern over ocean plastic pollution. The firm has "Underperform" rating given on Thursday, August 13 by Credit Agricole. The company was maintained on Thursday, April 13 by Wells Fargo. Spark Investment Management Lc owns 21,300 shares. They issued a "neutral" rating and a $43.00 target price for the company.

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