March 23, 2018

Concorde Asset Management LLC Invests $207000 in The Coca-Cola Co (NYSE:KO)

14 March 2018, 06:51 | Melvin Schneider

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Ruggie Capital Group now owns 7,900 shares of the company's stock valued at $354,000 after buying an additional 1,984 shares during the period. The institutional investor held 60,506 shares of the beverages (production and distribution) company at the end of 2017Q3, valued at $2.72M, down from 271,595 at the end of the previous reported quarter. Amalgamated Bank who had been investing in Coca for a number of months, seems to be bullish on the $186.76B market cap company. The stock increased 1.56% or $0.6 during the last trading session, reaching $38.98.

First Interstate Bank increased Pepsico Inc (NYSE:PEP) stake by 5,915 shares to 77,558 valued at $8.64 million in 2017Q3. Goldcorp Inc. (NYSE:GG) has declined 19.95% since March 6, 2017 and is downtrending. It has underperformed by 5.95% the S&P500.The move comes after 6 months positive chart setup for the $18.78 billion company.

John H Lewis decreased its stake in Cra Intl Inc (Call) (CRAI) by 26.95% based on its latest 2017Q3 regulatory filing with the SEC. The hedge fund run by Irving Kahn held 921,840 shares of the major banks company at the end of 2017Q3, valued at $22.72 billion, up from 918,779 at the end of the previous reported quarter. The stock decreased 0.08% or $0.035 during the last trading session, reaching $43.855. Overall, 1.34 Million shares exchanged hands versus its average volume of $1.11 Million. It is down 24.16% since March 6, 2017 and is uptrending. The company has 477.52M shares outstanding with 0.63% insider ownership. It also increased its holding in Cvs Health Corp (NYSE:CVS) by 9,160 shares in the quarter, for a total of 574,060 shares, and has risen its stake in Pimco Enhanced Short Maturity (MINT).

Investors sentiment decreased to 0.8 in Q3 2017. The company has a current ratio of 1.00, a quick ratio of 0.80 and a debt-to-equity ratio of 0.51. It worsened, as 48 investors sold KO shares while 641 reduced holdings. 106 funds opened positions while 696 raised stakes. BlackRock Inc. boosted its stake in The Coca-Cola by 0.3% in the second quarter. Columbia L L C Mgmt has 0.64% invested in The Coca-Cola Company (NYSE:KO) for 108,592 shares. Fiduciary owns 290,737 shares. Corporate insiders own 1.51% of the company's stock.

COPYRIGHT VIOLATION NOTICE: "Concorde Asset Management LLC Invests $207,000 in The Coca-Cola Co (NYSE:KO)" was originally published by The Lincolnian Online and is owned by of The Lincolnian Online. The Coca-Cola Company disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Senior Vice President Long Robert Edward has sold 15,000 shares of The Coca-Cola Company (KO) in trading session dated January 25, 2018. Moreover, Bancorp Of Nova Scotia has 0.16% invested in Mastercard Incorporated (NYSE:MA) for 192,867 shares. Scott Selber has 0.27% invested in The Coca-Cola Company (NYSE:KO). Timucuan Asset Management Fl invested in 187,064 shares. Hall Laurie J Trustee reported 4,835 shares or 0.14% of all its holdings. Aperio Gru Ltd Liability Com holds 1,656 shares. Bar Harbor Trust Svcs holds 9,150 shares or 0.22% of its portfolio.

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The Coca-Cola (NYSE:KO) last announced its earnings results on Friday, February 16th. They expect $0.40 earnings per share, up 21.21% or $0.07 from last year's $0.33 per share. Hugh Johnson Advsr Lc reported 0.06% in The Coca-Cola Company (NYSE:KO). Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have assigned a buy rating to the company. Therefore 55% are positive. Workspace Group had 120 analyst reports since July 21, 2015 according to SRatingsIntel. Bank of America has "Buy" rating and $52 target. Jefferies has "Hold" rating and $45.0 target. The rating was maintained by Bernstein with "Buy" on Tuesday, April 11. Finally, Credit Suisse Group downgraded Coca-Cola FEMSA from an "outperform" rating to a "neutral" rating and set a $128.00 price objective on the a report on Friday, November 17th. Stifel Nicolaus downgraded the shares of KO in report on Thursday, September 29 to "Hold" rating.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 9th. The firm earned "Hold" rating on Monday, August 31 by Vetr. Scotia Capital maintained Goldcorp Inc. The rating was maintained by RBC Capital Markets with "Buy" on Tuesday, September 5.

Since January 16, 2018, it had 0 insider buys, and 3 insider sales for $5.80 million activity. The company was downgraded on Wednesday, January 17 by Canaccord Genuity. The stock has "Sell" rating by Argus Research on Thursday, August 6.

Osmium Partners Llc, which manages about $158.11 million and $138.00M US Long portfolio, upped its stake in Tucows Inc (Call) (NASDAQ:TCX) by 52,700 shares to 72,700 shares, valued at $4.26M in 2017Q3, according to the filing. It also reduced its holding in Novartis Adr (NYSE:NVS) by 67 shares in the quarter, leaving it with 26,144 shares, and cut its stake in Hologic (NASDAQ:HOLX). Morgan Stanley raised Coca-Cola FEMSA from an "underweight" rating to an "equal weight" rating in a research note on Wednesday, December 13th. The stock of Sterling Bancorp (NYSE:STL) has "Hold" rating given on Friday, May 5 by FBR Capital. Jefferies maintained Goldcorp Inc. The rating was maintained by Keefe Bruyette & Woods on Thursday, December 21 with "Buy". The rating was initiated by Credit Suisse on Friday, September 16 with "Neutral". The firm has a market capitalization of $1,784.47, a PE ratio of 39.34 and a beta of 0.09.

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