Avalon Advisors LLC Boosted Its Stake in Coca (KO) by $8.55 Million as Valuation Rose

January 23, 2018 - By Michael Collier

Investors sentiment decreased to 0.8 in Q3 2017. Its down 0.14, from 0.94 in 2017Q2. It fall, 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. Court Place Advsr owns 24,935 shares for 0.5% of their portfolio. Sfmg Limited Liability Company invested in 10,873 shares or 0.1% of the stock. Headinvest Llc has invested 0.09% in The Coca-Cola Company (NYSE:KO). Smith Salley Assoc has invested 0.18% in The Coca-Cola Company (NYSE:KO). Bremer Trust Natl Association holds 12,963 shares or 0.16% of its portfolio. Norris Perne French Ltd Liability Partnership Mi reported 0.07% in The Coca-Cola Company (NYSE:KO). 11,871 are held by Dillon Assocs. 7,911 are owned by Gyroscope Mgmt Group Inc Limited Liability Corporation. Amarillo National Bank reported 0.08% stake. Sonata Grp Inc has 4,900 shares for 0.16% of their portfolio. Bokf Na stated it has 332,604 shares. Parkside Bancorporation And has invested 0.3% of its portfolio in The Coca-Cola Company (NYSE:KO). Train Babcock Advsr Lc invested in 0.27% or 10,600 shares. Fdx Advisors Inc, a California-based fund reported 325,298 shares. Rbo And Lc invested 2.27% in The Coca-Cola Company (NYSE:KO).

Since August 7, 2017, it had 0 buys, and 6 selling transactions for $9.01 million activity. 100,000 shares were sold by SMITH BRIAN JOHN, worth $4.61 million on Tuesday, August 15. 8,819 shares were sold by MANN JENNIFER K, worth $402,235 on Monday, August 7. RIVERA ALFREDO sold $1.30 million worth of stock or 28,232 shares. LONG ROBERT EDWARD sold $1.21M worth of The Coca-Cola Company (NYSE:KO) on Friday, August 11.

Avalon Advisors Llc increased its stake in Coca (KO) by 22.43% based on its latest 2017Q3 regulatory filing with the SEC. Avalon Advisors Llc bought 190,094 shares as the company’s stock rose 6.48% with the market. The hedge fund held 1.04 million shares of the beverages (production and distribution) company at the end of 2017Q3, valued at $46.70M, up from 847,498 at the end of the previous reported quarter. Avalon Advisors Llc who had been investing in Coca for a number of months, seems to be bullish on the $202.38 billion market cap company. The stock increased 0.25% or $0.12 during the last trading session, reaching $47.5. About 6.55M shares traded. The Coca-Cola Company (NYSE:KO) has declined 0.95% since January 23, 2017 and is downtrending. It has underperformed by 17.65% the S&P500.

Avalon Advisors Llc, which manages about $4.06 billion and $3.14 billion US Long portfolio, decreased its stake in Apple Inc (NASDAQ:AAPL) by 33,992 shares to 314,255 shares, valued at $48.43M in 2017Q3, according to the filing. It also reduced its holding in Kraft Heinz Co by 120,504 shares in the quarter, leaving it with 17,175 shares, and cut its stake in Microsoft Corp (NASDAQ:MSFT).

More notable recent The Coca-Cola Company (NYSE:KO) news were published by: Bizjournals.com which released: “Coca-Cola retains ‘pouring rights’ with NASCAR” on January 17, 2018, also Reuters.com with their article: “BRIEF-Coca-Cola Co Revises Release Date For Q4 And FY 2017 Financial Results …” published on January 11, 2018, Bizjournals.com published: “Coca-Cola launches Diet Coke ‘brand rejuvenation,’ adds four new ‘bold’ flavors” on January 10, 2018. More interesting news about The Coca-Cola Company (NYSE:KO) were released by: Investorplace.com and their article: “3 Reasons to Be Bullish on Coca-Cola Co Stock” published on January 05, 2018 as well as Livetradingnews.com‘s news article titled: “The Coca-Cola Company (NYSE:KO) Bullish Trend” with publication date: January 23, 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 upgraded by UBS on Friday, February 5 to “Buy”. Stifel Nicolaus maintained the shares of KO in report on Monday, September 18 with “Hold” rating. The firm has “Buy” rating given on Thursday, March 23 by BMO Capital Markets. The stock has “Neutral” rating by Credit Suisse on Friday, September 16. BMO Capital Markets maintained The Coca-Cola Company (NYSE:KO) rating on Wednesday, September 6. BMO Capital Markets has “Hold” rating and $47.0 target. Susquehanna maintained the shares of KO in report on Wednesday, July 26 with “Hold” rating. Morgan Stanley maintained the stock with “Equal-Weight” rating in Thursday, October 26 report. On Friday, June 30 the stock rating was maintained by RBC Capital Markets with “Buy”. The firm has “Buy” rating by RBC Capital Markets given on Tuesday, August 1. Sterne Agee CRT initiated The Coca-Cola Company (NYSE:KO) on Tuesday, July 21 with “Buy” rating.

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