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Wendell David Associates Trims Position in Coca-Cola Company (The) (NYSE:KO)

13 August 2017

Bahl & Gaynor Inc sold 207,539 shares as Coca (KO)'s stock rose 6.48%. Douglas Lane & Associates LLC's holdings in Coca-Cola Company (The) were worth $2,748,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. That value represents a market adjusting for revenues that have been growing by 73.34 % on a quarterly year/year basis as of the company's last quarterly report. Signature Estate & Investment Advisors LLC boosted its position in shares of Coca-Cola Company (The) by 5.0% in the first quarter. Tiaa Cref Investment Management LLC now holds 12,782 shares with a value of $2,925,000. Fisher Asset Management Ltd Liability Corp has invested 0.77% in The Coca-Cola Co (NYSE:KO). Bancorpsouth Inc. now owns 81,637 shares of the company's stock valued at $3,662,000 after buying an additional 3,139 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake in Coca-Cola Company (The) by 4,410.7% in the fourth quarter. Vanguard Group Inc. now owns 275,221,018 shares of the company's stock valued at $12,343,662,000 after buying an additional 4,818,963 shares during the period. $1.32M worth of The Coca-Cola Co (NYSE:KO) was sold by Perez Beatriz R. $1.74 million worth of The Coca-Cola Co (NYSE:KO) was sold by Eberly Ceree on Monday, February 13. Investors measure stock performance on the basis of a company's earnings power.

Shares of Coca-Cola European Partners PLC (CCE) traded up 1.23% during mid-day trading on Friday, reaching $43.75. About 8.21M shares traded.

Shares of the company are trading at $45.74 which is just over $45.13, the 50 day moving average and impressively higher than the 200 day moving average of $43.54. The stock has a market capitalization of $21.37 billion, a P/E ratio of 23.11 and a beta of 0.95. The stock stands almost -55.9% off versus the 52-week high and 230.77% away from the 52-week low. 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. Coca-Cola European Partners PLC had a net margin of 6.93% and a return on equity of 15.74%. The fund held 313,311 stocks of the firms shares after disposing 1,475 shares through out the quarter. The business had revenue of $9.70 billion for the quarter, compared to analysts' expectations of $9.62 billion. In the last earnings report the EPS was $0.95 and is expected to be $1.90 for the current year with 4,265,304,000 shares now outstanding.

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The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be given a $0.37 dividend. The ex-dividend date of this dividend is Thursday, September 14th. If you are accessing this report on another publication, it was illegally copied and reposted in violation of US & global copyright & trademark laws. The correct version of this piece can be viewed at Macnealy Hoover Invest Management Inc reported 1.31% of its portfolio in The Coca-Cola Co (NYSE:KO). The stock has "Hold" rating by Jefferies on Monday, July 24. The rating was maintained by Goldman Sachs on Thursday, April 21 with "Neutral". Zacks Lowered stocks of Coca-Cola Company (The) from a "buy" recommendation to a "hold" recommendation in a analysis note on Tue, Aug 1st.

On June 7 the company was downgraded to "Market Perform" from "Outperform" with a current price target of $46.00 in a report issued by BMO Capital. Two investment analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The stock now has a consensus rating of "Hold" and an average target price of $45.70. The stock was sold at an average price of $46.01, for a total value of $1,111,417.56. Following the completion of the transaction, the insider now owns 780,258 shares in the company, valued at approximately $35,111,610. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 614,841 shares of company stock worth $27,900,186 over the last ninety days. It worsened, as 76 investors sold KO shares while 623 reduced holdings. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data. The disclosure for this sale can be found here. The company reported revenue of $8.71 Billion in the same period past year.

Coca-Cola Enterprises, Inc (CCE) markets, produces and distributes nonalcoholic beverages. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.

In other Coca-Cola Company (The) news, insider Mark Randazza sold 24,156 shares of the stock in a transaction dated Thursday, July 27th.

Wendell David Associates Trims Position in Coca-Cola Company (The) (NYSE:KO)