Schwab Charles Investment Management INC Decreased Stake in Coca Cola Co (KO) by $258.13 Million

June 27, 2018 - By Madeline Delgado

The Coca-Cola Company (NYSE:KO) Corporate LogoBig Money Sentiment decreased to 0.69 in 2018 Q1. It has change of 0.22, from 2017Q4’s 0.91. The ratio dropped due to KO positioning: 74 sold and 684 reduced. 104 funds acquired stakes and 416 increased stakes. Investors holded 2.73 billion in 2017Q4 but now own 2.72 billion shares or 0.06% less. Arrowmark Colorado Limited Com reported 0% in The Coca-Cola Company (NYSE:KO). Tortoise Invest Mgmt Ltd Liability Company stated it has 0.03% in The Coca-Cola Company (NYSE:KO). Comml Bank Of Nova Scotia stated it has 0.11% of its capital in The Coca-Cola Company (NYSE:KO). Blue Edge Cap Lc invested in 0% or 9,500 shs. Endurance Wealth Mgmt reported 2,089 shs. The New York-based Centre Asset Ltd Liability Corp has invested 2.05% in The Coca-Cola Company (NYSE:KO). Mathes Co Inc reported 4,820 shs or 0.1% of all its holdings. Palisades Hudson Asset LP has invested 0.23% of its capital in The Coca-Cola Company (NYSE:KO). Michigan-based Norris Perne & French Ltd Liability Partnership Mi has invested 0.05% in The Coca-Cola Company (NYSE:KO). Cwm Ltd Liability Corp reported 6,831 shs. Putnam Fl Inv invested 0.02% in The Coca-Cola Company (NYSE:KO). Verity Asset owns 0.31% invested in The Coca-Cola Company (NYSE:KO) for 7,746 shs. Missouri-based Terril Brothers has invested 0.12% in The Coca-Cola Company (NYSE:KO). Weik Capital Management reported 74,123 shs stake. Ameriprise holds 7.75M shs.

KO registered $6.52 million net activity with 0 insider purchases and 5 insider sales since January 16, 2018. MANN JENNIFER K had sold 1,883 shs worth $84,735 on Monday, March 12. On Wednesday, January 24 15,000 shs were sold by LONG ROBERT EDWARD, worth $719,250. $4.01M worth of The Coca-Cola Company (NYSE:KO) was sold by HAYS ED. Waller Kathy N sold 23,240 shs worth $1.07 million.

In 2018Q1 Securities and Exchange filling is reported Schwab Charles Investment Management Inc’s holdings in Coca Cola Co (KO) which was reduced by 30.02%. The company’s stock sank 3.70% while Schwab Charles Investment Management Inc sold 6.00M shares. The institutional investor is holding 14.00M shares, compared to the 20.00M from the previous quarter. And the announced value of the beverages (production and distribution) company is $607.84M for the 2018Q1. $185.10B is the market cap of Coca Cola Co. KO is touching $43.5 during the last trading session, after increased 0.39%.Currently The Coca-Cola Company is downtrending after 6.63% change in last June 27, 2017. KO has 4.31 million shares volume. KO underperformed the S&P 500 by 19.20%.

About $128.65 billion US Long portfolio Schwab Charles Investment Management Inc operates. According to a filing the fund increased its stake in Edison Intl (NYSE:EIX) by 72,527 shares to 1.23 million shares, valued at $78.15 million in 2018Q1. For a total of 651,576 shares it increased its holding in Lam Research Corp (NASDAQ:LRCX) by 41,398 shares in the quarter, and has risen its stake in Qorvo Inc.

The Coca-Cola Company (NYSE:KO)’s earnings report is awaited on July, 25., Faxor reports. Analysts forecast 3.39 % diference or $0.61 from the $0.59 EPS from 2017. If the current EPS of $0.61 is accurate, KO’s profit could reach $2.60B. Last quarter $0.47 EPS was reported. Analysts predicts 29.79 % EPS growth this quarter.

More recent The Coca-Cola Company (NYSE:KO) news were published by 247Wallst.com, Seekingalpha.com and Seekingalpha.com. The first one has “5 Stocks to Buy Now If You Are Worried About a Stock Market Crash” as a title and was published on June 26, 2018. The next is “Wall Street Breakfast: Oil Back Above $70” on June 27, 2018. And last was published on June 13, 2018, called “The Coca-Cola Company (KO) Management Presents at Deutsche Bank Global Consumer Conference (Transcript)”.

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

A total of 9 analysts rate Coca-Cola (NYSE:KO) as follows: 4 “Buy”, 5 “Hold” and 0 “Sell”. Тherefore 44% are bullish. The firm has $53 highest and $44.0 lowest target. The avg target $47.83 is 9.95% above the last ($43.5) price. (NYSE:KO) has 12 ratings reports on Jun 27, 2018 according to StockzIntelligence. On Thursday, May 17 the firm earned “Buy” rating by Citigroup. On Tuesday, February 20 the stock of The Coca-Cola Company (NYSE:KO) has “Neutral” rating given by JP Morgan. The stock rating was maintained by Credit Suisse with “Outperform” on Tuesday, February 20. On Tuesday, April 17 the rating was upgraded by Goldman Sachs to “Hold”. On Friday, February 16 BMO Capital Markets maintained the shares of KO in report with “Hold” rating. On Monday, January 8 the firm has “Hold” rating given by Cowen & Co. On Friday, January 12 the stock of The Coca-Cola Company (NYSE:KO) earned “Outperform” rating by Evercore. On Thursday, May 17 Barclays Capital upgraded The Coca-Cola Company (NYSE:KO) to “Overweight” rating. In Tuesday, February 20 report BMO Capital Markets maintained the stock with “Market Perform” rating. On Tuesday, March 27 the firm has “Hold” rating by Jefferies given.

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

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