Patten Group Boosted Coca (KO) Holding; Leucadia National Has 1.15 Sentiment

April 20, 2018 - By Ellis Scott

The Coca-Cola Company (NYSE:KO) Logo

Patten Group Inc increased Coca (KO) stake by 200.85% reported in 2017Q4 SEC filing. Patten Group Inc acquired 151,689 shares as Coca (KO)’s stock declined 5.92%. The Patten Group Inc holds 227,212 shares with $10.42 million value, up from 75,523 last quarter. Coca now has $188.02B valuation. The stock decreased 0.50% or $0.22 during the last trading session, reaching $44.09. About 1.88 million shares traded. The Coca-Cola Company (NYSE:KO) has risen 1.35% since April 20, 2017 and is uptrending. It has underperformed by 10.20% the S&P500.

Leucadia National Corp (LUK) investors sentiment increased to 1.15 in 2017 Q4. It’s up 0.24, from 0.91 in 2017Q3. The ratio has increased, as 188 hedge funds increased and opened new holdings, while 164 decreased and sold their holdings in Leucadia National Corp. The hedge funds in our database now hold: 261.75 million shares, up from 261.70 million shares in 2017Q3. Also, the number of hedge funds holding Leucadia National Corp in top ten holdings decreased from 17 to 16 for a decrease of 1. Sold All: 26 Reduced: 138 Increased: 130 New Position: 58.

West Oak Capital Llc holds 14.33% of its portfolio in Leucadia National Corporation for 881,336 shares. Pacifica Capital Investments Llc owns 791,637 shares or 10.27% of their US portfolio. Moreover, Arlington Value Capital Llc has 8.99% invested in the company for 3.59 million shares. The Florida-based Goodhaven Capital Management Llc has invested 6.82% in the stock. Intrepid Capital Management Inc, a Florida-based fund reported 678,695 shares.

Leucadia National Corporation operates as a diversified holding firm that focuses on financial service businesses and investments in the Americas, Europe, and Asia. The company has market cap of $8.63 billion. The Company’s services include equities research, sales, and trading; financing, securities lending, and other brokerage; wealth management; fixed income sales and trading; futures; equity capital markets, debt capital markets, and financial advisory; and asset management services. It has a 53.84 P/E ratio. The firm also provides online foreign exchange trading, contract for difference trading, spread betting, and related services.

Analysts await Leucadia National Corporation (NYSE:LUK) to report earnings on April, 26. They expect $0.32 earnings per share, down 57.33% or $0.43 from last year’s $0.75 per share. LUK’s profit will be $114.00M for 18.93 P/E if the $0.32 EPS becomes a reality. After $0.48 actual earnings per share reported by Leucadia National Corporation for the previous quarter, Wall Street now forecasts -33.33% negative EPS growth.

The stock increased 0.50% or $0.12 during the last trading session, reaching $24.23. About 288,903 shares traded. Leucadia National Corporation (LUK) has declined 13.54% since April 20, 2017 and is downtrending. It has underperformed by 25.09% the S&P500.

Since January 16, 2018, it had 0 insider buys, and 5 sales for $6.52 million activity. Another trade for 1,883 shares valued at $84,735 was sold by MANN JENNIFER K. 84,400 shares were sold by HAYS ED, worth $4.01M. LONG ROBERT EDWARD sold $719,250 worth of stock. MURPHY JOHN also sold $631,572 worth of The Coca-Cola Company (NYSE:KO) on Tuesday, March 13. Shares for $1.07 million were sold by Waller Kathy N on Tuesday, January 16.

Patten Group Inc decreased Vanguard Ftse All (VEU) stake by 168,138 shares to 66,035 valued at $3.61 million in 2017Q4. It also reduced Ishares Msci Eafe (EFA) stake by 36,199 shares and now owns 17,272 shares. Chevron Corp (NYSE:CVX) was reduced too.

Among 22 analysts covering Coca-Cola (NYSE:KO), 12 have Buy rating, 0 Sell and 10 Hold. Therefore 55% are positive. Coca-Cola had 76 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Wells Fargo on Tuesday, November 14. The rating was upgraded by UBS to “Buy” on Friday, February 5. The firm earned “Market Perform” rating on Thursday, January 19 by Wells Fargo. The stock has “Buy” rating by Credit Suisse on Friday, April 28. Jefferies maintained The Coca-Cola Company (NYSE:KO) rating on Thursday, January 4. Jefferies has “Hold” rating and $50.0 target. The firm has “Equal-Weight” rating by Morgan Stanley given on Friday, December 16. The firm earned “Buy” rating on Monday, March 12 by Credit Suisse. As per Tuesday, February 20, the company rating was maintained by JP Morgan. The rating was maintained by Susquehanna with “Hold” on Wednesday, July 12. BMO Capital Markets maintained The Coca-Cola Company (NYSE:KO) rating on Wednesday, July 12. BMO Capital Markets has “Hold” rating and $4600 target.

Leucadia National Corporation (NYSE:LUK) Institutional Positions Chart

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