Market News

As Hrg Group (HRG) Share Value Declined, Alpine Partners Vi Boosted Holding by $3.60 Million; Trustmark National Bank Trust Department Has Raised Its Coca (KO) Position by $739,041 as Share Price Declined

The Coca-Cola Company (NYSE:KO) Logo

Alpine Partners Vi Llc increased its stake in Hrg Group Inc (HRG) by 225% based on its latest 2018Q1 regulatory filing with the SEC. Alpine Partners Vi Llc bought 225,000 shares as the company’s stock declined 23.38% with the market. The institutional investor held 325,000 shares of the miscellaneous company at the end of 2018Q1, valued at $5.36 million, up from 100,000 at the end of the previous reported quarter. Alpine Partners Vi Llc who had been investing in Hrg Group Inc for a number of months, seems to be bullish on the $2.55 billion market cap company. The stock decreased 0.47% or $0.06 during the last trading session, reaching $12.58. About 1.71M shares traded. HRG Group, Inc. (NYSE:HRG) has declined 31.30% since June 17, 2017 and is downtrending. It has underperformed by 43.87% the S&P500.

Trustmark National Bank Trust Department increased its stake in Coca (KO) by 11.15% based on its latest 2018Q1 regulatory filing with the SEC. Trustmark National Bank Trust Department bought 17,187 shares as the company’s stock declined 3.70% with the market. The institutional investor held 171,332 shares of the beverages (production and distribution) company at the end of 2018Q1, valued at $7.44 million, up from 154,145 at the end of the previous reported quarter. Trustmark National Bank Trust Department who had been investing in Coca for a number of months, seems to be bullish on the $187.74 billion market cap company. The stock increased 1.24% or $0.54 during the last trading session, reaching $44.12. About 21.56 million shares traded or 79.84% up from the average. The Coca-Cola Company (NYSE:KO) has declined 6.63% since June 17, 2017 and is downtrending. It has underperformed by 19.20% the S&P500. Some Historical KO News: 24/04/2018 – KO CFO: EXPECT NEW SUGAR TAXES IN UK, S. AFRICA TO IMPACT 2Q; 24/04/2018 – Coca-Cola On Track to Deliver Full Yr Targets; 08/03/2018 – ABcann Retains VIRTUE as Agency of Record; 07/05/2018 – VY Esports Teams Up With Electronic Arts And Coca-Cola For Russian Interactive Football Cup; 24/04/2018 – Coca-Cola Sees 16% Headwind From Acquisitions, Divestitures and Structural Items in 2Q; 20/03/2018 – Monster and Coca-Cola Announced Partnership in 2014 That Included Two Coca-Cola Nominees on Monster Board; 24/04/2018 – COCA-COLA CEO: WORKING TO SCALE ACQUIRED HIGH-GROWTH BRANDS; 24/04/2018 – Coca-Cola beats expectations on top and bottom line; 20/03/2018 – MONSTER BEVERAGE – ENTERED AMENDMENT TO AGREEMENT BETWEEN CO, NEW LASER MERGER, COCA-COLA COMPANY, EUROPEAN REFRESHMENTS – SEC FILING; 26/04/2018 – S&PGR Downgrades The Coca-Cola Co To ‘A+’; Otlk Stable

Alpine Partners Vi Llc, which manages about $424.83 million US Long portfolio, decreased its stake in Monsanto Co New (NYSE:MON) by 16,950 shares to 200,550 shares, valued at $23.40 million in 2018Q1, according to the filing. It also reduced its holding in Unilever Plc (NYSE:UL) by 67,901 shares in the quarter, leaving it with 33,174 shares, and cut its stake in Moneygram Intl Inc (NASDAQ:MGI).

Another recent and important HRG Group, Inc. (NYSE:HRG) news was published by Businesswire.com which published an article titled: “Spectrum Brands and HRG Group Announce July 13, 2018 as the Date for Special Meetings of Stockholders” on June 12, 2018.

Trustmark National Bank Trust Department, which manages about $2.00 billion and $925.93 million US Long portfolio, decreased its stake in Western Digital Corporation (NASDAQ:WDC) by 15,315 shares to 72,462 shares, valued at $6.69M in 2018Q1, according to the filing. It also reduced its holding in Ishares (LQD) by 16,901 shares in the quarter, leaving it with 3,303 shares, and cut its stake in Ishares (IJR).

Among 22 analysts covering Coca-Cola (NYSE:KO), 13 have Buy rating, 0 Sell and 9 Hold. Therefore 59% are positive. Coca-Cola had 78 analyst reports since July 21, 2015 according to SRatingsIntel. Vetr upgraded it to “Hold” rating and $42.01 target in Monday, August 24 report. The stock of The Coca-Cola Company (NYSE:KO) earned “Hold” rating by Stifel Nicolaus on Monday, September 18. The company was maintained on Tuesday, February 20 by JP Morgan. BMO Capital Markets maintained it with “Buy” rating and $45 target in Thursday, March 23 report. Barclays Capital upgraded the stock to “Overweight” rating in Thursday, May 17 report. Bank of America maintained it with “Buy” rating and $52 target in Monday, October 9 report. The stock of The Coca-Cola Company (NYSE:KO) has “Neutral” rating given on Friday, September 16 by Credit Suisse. The firm has “Buy” rating by Deutsche Bank given on Friday, September 25. As per Monday, March 12, the company rating was maintained by Credit Suisse. The stock of The Coca-Cola Company (NYSE:KO) earned “Hold” rating by BMO Capital Markets on Friday, February 16.

Investors sentiment decreased to 0.69 in Q1 2018. Its down 0.22, from 0.91 in 2017Q4. It is negative, as 74 investors sold KO shares while 684 reduced holdings. 104 funds opened positions while 416 raised stakes. 2.72 billion shares or 0.06% less from 2.73 billion shares in 2017Q4 were reported. 148,597 were accumulated by Sumitomo Life Insur. Df Dent holds 0.04% in The Coca-Cola Company (NYSE:KO) or 38,413 shares. Cetera Advisor Netwr Ltd Liability Company accumulated 200,321 shares or 0.38% of the stock. Tirschwell & Loewy has invested 0.07% of its portfolio in The Coca-Cola Company (NYSE:KO). Green Square Cap Ltd Liability Corporation owns 1.52% invested in The Coca-Cola Company (NYSE:KO) for 221,109 shares. 1.00 million were accumulated by Rathbone Brothers Public Limited Company. Rnc Cap Management Ltd Limited Liability Company has invested 0.02% of its portfolio in The Coca-Cola Company (NYSE:KO). Eubel Brady Suttman Asset Management, a Ohio-based fund reported 8,021 shares. National Mutual Insur Federation Of Agricultural Cooperatives owns 69,600 shares. Moreover, First Financial In has 0.27% invested in The Coca-Cola Company (NYSE:KO) for 8,533 shares. Waters Parkerson And Lc invested in 270,898 shares. Fil Ltd invested in 0.08% or 639,483 shares. Steinberg Global Asset Mgmt accumulated 14,707 shares. Magnetar Fincl Ltd holds 0.01% or 5,437 shares. Cypress Cap Mgmt holds 42,131 shares or 0.35% of its portfolio.

More notable recent The Coca-Cola Company (NYSE:KO) news were published by: Fool.com which released: “Better Buy: Coca-Cola vs. Philip Morris” on June 11, 2018, also Seekingalpha.com with their article: “Coca-Cola Has Limited Upside Potential” published on May 21, 2018, Livetradingnews.com published: “The Coca-Cola Company (NYSE:KO) Stock Worth Watching” on May 29, 2018. More interesting news about The Coca-Cola Company (NYSE:KO) were released by: Seekingalpha.com and their article: “The Coca-Cola Company (KO) Management Presents at Deutsche Bank Global Consumer Conference (Transcript)” published on June 13, 2018 as well as Seekingalpha.com‘s news article titled: “Coca-Cola launches first alcoholic drink” with publication date: May 28, 2018.

Since January 16, 2018, it had 0 buys, and 5 insider sales for $6.52 million activity. $4.01 million worth of The Coca-Cola Company (NYSE:KO) shares were sold by HAYS ED. $631,572 worth of The Coca-Cola Company (NYSE:KO) was sold by MURPHY JOHN. 15,000 shares valued at $719,250 were sold by LONG ROBERT EDWARD on Wednesday, January 24. 1,883 shares were sold by MANN JENNIFER K, worth $84,735 on Monday, March 12.

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

Leave a Reply

Your email address will not be published. Required fields are marked *