Wednesday, 12 December, 2018

Greenpeace: New Coca-Cola global plastics plan 'dodges the main issue'

Greenpeace: New Coca-Cola global plastics plan 'dodges the main issue' Greenpeace: New Coca-Cola global plastics plan 'dodges the main issue'
Nellie Chapman | 21 January, 2018, 03:25

The Coca-Cola accounts for 3.2% of A. D. Beadell Investment Counsel Inc.'s portfolio, making the stock its 6th biggest holding.

VANGUARD GROUP INC raised its stake in The Coca-Cola Company (NYSE:KO) by 1.60% during the September 2017 quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor held 20,991 shares of the consumer durables company at the end of 2017Q3, valued at $4.11 million, up from 19,256 at the end of the previous reported quarter. Meeder Asset Management Inc. boosted its position in shares of The Coca-Cola by 59.4% during the second quarter. Vigilant Capital Management LLC now owns 3,593 shares of the company's stock valued at $161,000 after purchasing an additional 68 shares during the last quarter. Almanack Investment Partners LLC. purchased a new stake in shares of The Coca-Cola during the second quarter worth about $142,000. Northern Trust Corp now owns 50,761,341 shares of the company's stock valued at $2,276,647,000 after acquiring an additional 2,167,225 shares in the last quarter. New York-based Rmsincerbeaux Capital Mgmt Ltd Liability Corporation has invested 1.64% in The Coca-Cola Company (NYSE:KO). Finally, Perkins Coie Trust Co increased its stake in shares of The Coca-Cola by 21.9% during the second quarter. Corporate insiders own 1.51% of the company's stock. Bank of America restated a "buy" rating and set a $52.00 price objective (up from $50.00) on shares of The Coca-Cola in a research report on Monday, October 9th. Vetr upgraded the stock to "Hold" rating in Monday, August 31 report. Comparing that to the current price of 201.69, you can formulate an opinion of whether the company is over bought or oversold. The stock increased 0.62% or $0.29 during the last trading session, reaching $46.82. Hussman Strategic Advisors Inc who had been investing in Coca Cola Co for a number of months, seems to be bullish on the $200.53 billion market cap company. Currently, the majority of the Company's packaging is recyclable. The stock was trading at a distance of -0.78% from its 52-week highs and stands 17.13% away from its 52-week lows.

The Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Wednesday, October 25th. The company had revenue of $9.08 billion for the quarter, compared to analyst estimates of $8.73 billion.

Analysts have given a mean recommendation of 2.40 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). They expect $0.77 earnings per share, down 27.36% or $0.29 from last year's $1.06 per share. During the same period in the prior year, the company posted $0.49 earnings per share.

The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $199.78B. Following the sale, the insider now owns 320,013 shares in the company, valued at approximately $14,749,399.17. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Shares for $409,733 were sold by Waller Kathy N. $402,235 worth of stock was sold by MANN JENNIFER K on Monday, August 7. The shares were sold at an average price of $45.20, for a total transaction of $1,323,546.40. Following the completion of the transaction, the chief financial officer now directly owns 123,796 shares of the company's stock, valued at $5,713,185.40. The disclosure for this sale can be found here. Altavista Wealth Management Incorporated holds 0.29% in The Coca-Cola Company (NYSE:KO) or 13,543 shares. If you are viewing this news story on another site, it was illegally copied and reposted in violation of USA and worldwide trademark and copyright legislation. The original version of this piece can be accessed at Banque Pictet Cie Sa holds 0.08% of its portfolio in The Coca-Cola Company (NYSE:KO) for 76,900 shares. The Company's sparkling beverages include nonalcoholic ready-to-drink beverages with carbonation, such as carbonated energy drinks, and carbonated waters and flavored waters.

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