What’s Propelling Coca-cola Company (the (NYSE:KO) After Lower Shorts Reported?

The Coca-Cola Company (NYSE:KO) Logo

Investors sentiment increased to 0.91 in 2019 Q1. Its up 0.01, from 0.9 in 2018Q4. It increased, as 61 investors sold The Coca-Cola Company shares while 585 reduced holdings. 129 funds opened positions while 459 raised stakes. 2.77 billion shares or 0.80% less from 2.79 billion shares in 2018Q4 were reported.
Nippon Life Insur stated it has 564,384 shares. Vontobel Asset Mngmt, a New York-based fund reported 5.58M shares. Hwg Holdg L P owns 39 shares for 0% of their portfolio. Grand Jean Cap Management Incorporated stated it has 4,345 shares. Bangor Comml Bank accumulated 0.15% or 16,792 shares. Hikari Power Ltd holds 0.23% of its portfolio in The Coca-Cola Company (NYSE:KO) for 46,000 shares. Victory Cap holds 0.05% or 449,470 shares in its portfolio. Meristem Family Wealth Ltd reported 10,843 shares stake. Fundx Inv Gp Limited Liability Company reported 0.36% of its portfolio in The Coca-Cola Company (NYSE:KO). Advsrs Asset Mgmt reported 639,420 shares stake. Excalibur Management Corp, Massachusetts-based fund reported 36,196 shares. Marco Inv Mngmt Ltd Com holds 3.17% of its portfolio in The Coca-Cola Company (NYSE:KO) for 364,596 shares. Caprock Group Incorporated holds 0.36% of its portfolio in The Coca-Cola Company (NYSE:KO) for 39,096 shares. Moreover, First Foundation has 0.2% invested in The Coca-Cola Company (NYSE:KO) for 73,397 shares. 9,520 were reported by Main Street Limited Liability Corporation.

The stock of Coca-cola Company (the (NYSE:KO) registered a decrease of 4.38% in short interest. KO’s total short interest was 27.92M shares in August as published by FINRA. Its down 4.38% from 29.20 million shares, reported previously. With 11.75 million shares average volume, it will take short sellers 2 days to cover their KO’s short positions. The short interest to Coca-cola Company (the’s float is 0.66%.

The stock decreased 0.95% or $0.51 during the last trading session, reaching $52.99. About 15.16M shares traded or 20.92% up from the average. The Coca-Cola Company (NYSE:KO) has risen 13.84% since August 14, 2018 and is uptrending. It has outperformed by 13.84% the S&P500.

The Coca-Cola Company, a beverage company, makes and distributes various nonalcoholic beverages worldwide. The company has market cap of $226.59 billion. The firm primarily offers sparkling beverages and still beverages. It has a 32.31 P/E ratio. The Company’s sparkling beverages include nonalcoholic ready-to-drink beverages with carbonation, such as carbonated energy drinks, and carbonated waters and flavored waters.

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

Among 11 analysts covering Coca-Cola (NYSE:KO), 4 have Buy rating, 0 Sell and 7 Hold. Therefore 36% are positive. Coca-Cola had 23 analyst reports since February 15, 2019 according to SRatingsIntel. The firm earned “Hold” rating on Friday, March 8 by Jefferies. UBS maintained The Coca-Cola Company (NYSE:KO) on Wednesday, April 24 with “Neutral” rating. Morgan Stanley maintained the shares of KO in report on Monday, July 1 with “Overweight” rating. As per Wednesday, July 24, the company rating was maintained by Deutsche Bank. The stock of The Coca-Cola Company (NYSE:KO) has “Overweight” rating given on Wednesday, July 24 by Morgan Stanley. The stock of The Coca-Cola Company (NYSE:KO) has “Neutral” rating given on Friday, February 15 by Citigroup. Deutsche Bank maintained it with “Buy” rating and $5400 target in Wednesday, April 24 report. The rating was maintained by BMO Capital Markets on Wednesday, July 24 with “Market Perform”. Credit Suisse maintained the shares of KO in report on Wednesday, July 24 with “Neutral” rating. The stock of The Coca-Cola Company (NYSE:KO) has “Hold” rating given on Tuesday, March 12 by HSBC.

More notable recent The Coca-Cola Company (NYSE:KO) news were published by: Benzinga.com which released: “10 Stocks To Watch For July 23, 2019 – Benzinga” on July 23, 2019, also Seekingalpha.com with their article: “Surveilling The Laggards, Part I: Playing The 20-Year Breakout In Coca-Cola’s Stock – Seeking Alpha” published on August 12, 2019, Investorplace.com published: “Dow Jones Today: A Strong End to the Week – Investorplace.com” on July 26, 2019. More interesting news about The Coca-Cola Company (NYSE:KO) were released by: Seekingalpha.com and their article: “KO Will Never Be KO’d – Seeking Alpha” published on May 05, 2019 as well as Investorplace.com‘s news article titled: “Dow Jones Today: Sliding Bond Yields Lift Dividend Stocks – Investorplace.com” with publication date: August 07, 2019.

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

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