Hsbc Holdings Plc Maintains Holding in Coca Cola Co (KO)

January 21, 2018 - By Winifred Garcia

Investors sentiment decreased to 0.8 in Q3 2017. Its down 0.14, from 0.94 in 2017Q2. It dived, as 48 investors sold KO shares while 641 reduced holdings. 94 funds opened positions while 456 raised stakes. 2.73 billion shares or 0.93% more from 2.70 billion shares in 2017Q2 were reported. 25,900 are held by Caz Investments L P. Cubist Systematic Strategies Ltd Liability owns 16,056 shares. Marietta Ptnrs Ltd Liability Com reported 0.09% of its portfolio in The Coca-Cola Company (NYSE:KO). Moreover, Adams Diversified Equity Fund has 0.45% invested in The Coca-Cola Company (NYSE:KO) for 186,000 shares. Tukman Grossman Cap Mngmt holds 4.14% or 122,618 shares. Sei Invs has invested 0.15% in The Coca-Cola Company (NYSE:KO). Salient Tru Co Lta holds 2.8% or 520,603 shares in its portfolio. 7,191 are held by West Coast Finance Ltd. 6.94M are owned by Principal Financial Group Inc. Cambridge reported 0.25% of its portfolio in The Coca-Cola Company (NYSE:KO). Iowa-based Security Commercial Bank Of So Dak has invested 1.51% in The Coca-Cola Company (NYSE:KO). Amer Secs (D B A Uas Asset Management) has 0.76% invested in The Coca-Cola Company (NYSE:KO) for 34,670 shares. Highstreet Asset invested 1.02% of its portfolio in The Coca-Cola Company (NYSE:KO). S&Co invested in 6,635 shares or 0.04% of the stock. Signature And Inv Advsrs Limited Com reported 0.03% stake.

Since August 7, 2017, it had 0 buys, and 6 selling transactions for $9.01 million activity. MANN JENNIFER K had sold 8,819 shares worth $402,235 on Monday, August 7. $1.21M worth of The Coca-Cola Company (NYSE:KO) was sold by LONG ROBERT EDWARD. Waller Kathy N sold $409,733 worth of The Coca-Cola Company (NYSE:KO) on Thursday, August 10. On Tuesday, August 15 SMITH BRIAN JOHN sold $4.61 million worth of The Coca-Cola Company (NYSE:KO) or 100,000 shares.

Hsbc Holdings Plc increased its stake in Coca Cola Co (KO) by 1033.75% based on its latest 2017Q3 regulatory filing with the SEC. Hsbc Holdings Plc bought 8.36M shares as the company’s stock rose 6.48% with the market. The institutional investor held 9.17M shares of the beverages (production and distribution) company at the end of 2017Q3, valued at $412.87M, up from 809,100 at the end of the previous reported quarter. Hsbc Holdings Plc who had been investing in Coca Cola Co for a number of months, seems to be bullish on the $200.93B market cap company. The stock increased 0.60% or $0.28 during the last trading session, reaching $47.16. About 16.19 million shares traded or 53.24% up from the average. The Coca-Cola Company (NYSE:KO) has declined 0.95% since January 21, 2017 and is downtrending. It has underperformed by 17.65% the S&P500.

Hsbc Holdings Plc, which manages about $62.42B US Long portfolio, decreased its stake in Ingredion Inc (NYSE:INGR) by 225,785 shares to 328,850 shares, valued at $39.67 million in 2017Q3, according to the filing. It also reduced its holding in Coca Cola Co (Call) (NYSE:KO) by 130,700 shares in the quarter, leaving it with 678,400 shares, and cut its stake in Wisdomtree Tr (HEDJ).

More notable recent The Coca-Cola Company (NYSE:KO) news were published by: Bizjournals.com which released: “Will ‘Twisted Mango’ bolster Diet Coke?” on January 12, 2018, also Fool.com with their article: “3 Dividend Stocks That Pay You More Than Coca-Cola” published on January 12, 2018, Bloomberg.com published: “Coca-Cola Units, Sasol, Sever Ties With McKinsey in South Africa” on January 11, 2018. More interesting news about The Coca-Cola Company (NYSE:KO) were released by: Bizjournals.com and their article: “Coca-Cola launches Diet Coke ‘brand rejuvenation,’ adds four new ‘bold’ flavors” published on January 10, 2018 as well as Investorplace.com‘s news article titled: “3 Reasons to Be Bullish on Coca-Cola Co Stock” with publication date: January 05, 2018.

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

Among 22 analysts covering Coca-Cola (NYSE:KO), 12 have Buy rating, 1 Sell and 9 Hold. Therefore 55% are positive. Coca-Cola had 69 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by HSBC on Wednesday, September 27 with “Buy”. The stock has “Buy” rating by BMO Capital Markets on Thursday, March 23. The stock of The Coca-Cola Company (NYSE:KO) earned “Hold” rating by Vetr on Monday, August 24. Deutsche Bank maintained the stock with “Buy” rating in Friday, September 25 report. The firm has “Neutral” rating by Goldman Sachs given on Thursday, April 21. Credit Suisse upgraded the stock to “Outperform” rating in Wednesday, April 19 report. Cowen & Co maintained The Coca-Cola Company (NYSE:KO) on Tuesday, August 22 with “Hold” rating. As per Tuesday, December 13, the company rating was downgraded by Deutsche Bank. Cowen & Co maintained it with “Hold” rating and $42.0 target in Friday, October 27 report. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, March 10.

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