As Coca (KO) Market Valuation Declined, Fayez Sarofim & Company Has Cut Stake by $4.05 Million

July 13, 2018 - By Andrea Pope

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 worsened, 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. 10 owns 13,680 shares for 0.14% of their portfolio. Pettyjohn Wood & White holds 0.09% of its portfolio in The Coca-Cola Company (NYSE:KO) for 5,687 shares. Fairfield Bush And Communication has 16,903 shares for 0.21% of their portfolio. Cypress Cap Mgmt Ltd Liability Co holds 42,131 shares or 0.35% of its portfolio. Fund Sa reported 0.1% of its portfolio in The Coca-Cola Company (NYSE:KO). Concorde Asset reported 0.27% stake. Kcm Advsrs Limited Liability accumulated 108,496 shares or 0.29% of the stock. First Republic Inv Mgmt has invested 0.29% in The Coca-Cola Company (NYSE:KO). Moreover, Boston Rech Management has 1.8% invested in The Coca-Cola Company (NYSE:KO). Connable Office holds 67,446 shares or 0.58% of its portfolio. 1,906 were reported by Sun Life Fin. 14,463 were accumulated by New England Professional Planning Grp. Guyasuta Invest Advsr stated it has 107,613 shares. Point72 Asia (Hong Kong) Limited holds 14,416 shares or 0.32% of its portfolio. Umb Bancshares N A Mo stated it has 0.2% of its portfolio in The Coca-Cola Company (NYSE:KO).

Since January 16, 2018, it had 0 insider buys, and 5 sales for $6.52 million activity. $1.07M worth of The Coca-Cola Company (NYSE:KO) was sold by Waller Kathy N on Tuesday, January 16. The insider MURPHY JOHN sold $631,572. HAYS ED sold $4.01M worth of The Coca-Cola Company (NYSE:KO) on Tuesday, January 23. LONG ROBERT EDWARD had sold 15,000 shares worth $719,250 on Wednesday, January 24.

Fayez Sarofim & Company decreased its stake in Coca (KO) by 0.42% based on its latest 2018Q1 regulatory filing with the SEC. Fayez Sarofim & Company sold 94,102 shares as the company’s stock declined 3.70% with the market. The institutional investor held 22.30 million shares of the beverages (production and distribution) company at the end of 2018Q1, valued at $968.58 million, down from 22.40M at the end of the previous reported quarter. Fayez Sarofim & Company who had been investing in Coca for a number of months, seems to be less bullish one the $189.96B market cap company. The stock decreased 0.07% or $0.03 during the last trading session, reaching $44.64. About 2.80M shares traded. The Coca-Cola Company (NYSE:KO) has declined 6.63% since July 13, 2017 and is downtrending. It has underperformed by 19.20% the S&P500.

Fayez Sarofim & Company, which manages about $31.66 billion and $18.46 billion US Long portfolio, upped its stake in Argogroupinternationalholdingsltd. (NASDAQ:AGII) by 54,906 shares to 430,755 shares, valued at $24.73 million in 2018Q1, according to the filing. It also increased its holding in Statestreetcorp (NYSE:STT) by 239,843 shares in the quarter, for a total of 3.05 million shares, and has risen its stake in Wynnresortsltd. (NASDAQ:WYNN).

Analysts await The Coca-Cola Company (NYSE:KO) to report earnings on July, 25 before the open. They expect $0.60 EPS, up 1.69 % or $0.01 from last year’s $0.59 per share. KO’s profit will be $2.55 billion for 18.60 P/E if the $0.60 EPS becomes a reality. After $0.47 actual EPS reported by The Coca-Cola Company for the previous quarter, Wall Street now forecasts 27.66 % EPS growth.

More notable recent The Coca-Cola Company (NYSE:KO) news were published by: Seekingalpha.com which released: “Not Your Father’s Coke” on June 28, 2018, also Seekingalpha.com with their article: “Time to talk about Keurig Dr Pepper” published on July 10, 2018, Fool.com published: “Better Buy: The Coca Cola Co (KO) vs. Procter & Gamble Co (PG)” on July 05, 2018. More interesting news about The Coca-Cola Company (NYSE:KO) were released by: Thestreet.com and their article: “Street Rumors: Coca-Cola to Make Play for This Gatorade Rival?” published on July 05, 2018 as well as Finance.Yahoo.com‘s news article titled: “3 Huge Reasons to Be Bullish on Coca-Cola Stock” with publication date: July 06, 2018.

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

Among 7 analysts covering Coca-Cola (NYSE:KO), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Coca-Cola had 9 analyst reports since February 16, 2018 according to SRatingsIntel. The stock of The Coca-Cola Company (NYSE:KO) has “Market Perform” rating given on Tuesday, February 20 by BMO Capital Markets. Credit Suisse maintained it with “Buy” rating and $51.0 target in Monday, March 12 report. The company was upgraded on Thursday, May 17 by Barclays Capital. Citigroup maintained the stock with “Buy” rating in Thursday, May 17 report. Jefferies downgraded the stock to “Hold” rating in Tuesday, March 27 report. The rating was maintained by JP Morgan with “Neutral” on Tuesday, February 20. The rating was upgraded by Goldman Sachs on Tuesday, April 17 to “Hold”. The firm has “Outperform” rating by Credit Suisse given on Tuesday, February 20. The stock of The Coca-Cola Company (NYSE:KO) earned “Hold” rating by BMO Capital Markets on Friday, February 16.

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

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