Prudential Finl (PRU) Shareholder Benin Management Has Upped Its Holding by $1.78 Million as Share Value Declined; Coca Cola Co (KO) Holding Upped by Bbr Partners Llc

August 10, 2018 - By Sarah Holford

The Coca-Cola Company (NYSE:KO) Logo

Bbr Partners Llc increased its stake in Coca Cola Co (KO) by 27.5% based on its latest 2018Q1 regulatory filing with the SEC. Bbr Partners Llc bought 22,519 shares as the company’s stock declined 3.70% with the market. The hedge fund held 104,393 shares of the beverages (production and distribution) company at the end of 2018Q1, valued at $4.53M, up from 81,874 at the end of the previous reported quarter. Bbr Partners Llc who had been investing in Coca Cola Co for a number of months, seems to be bullish on the $195.74 billion market cap company. The stock decreased 0.70% or $0.32 during the last trading session, reaching $46.03. About 4.69M shares traded. The Coca-Cola Company (NYSE:KO) has declined 6.63% since August 10, 2017 and is downtrending. It has underperformed by 19.20% the S&P500. Some Historical KO News: 22/05/2018 – COCA-COLA ICECEK CCOLA.IS SEES CAPEX/SALES AT 7% – 8% FOR 2018-2020; 25/04/2018 – Hartford HLS Cuts Accenture, Buys More Coca-Cola; 26/03/2018 – Coca-Cola Bottlers Japan Holdings Inc. to Terminate Reporting Obligations with the U.S. Securities and Exchange Commission; 24/04/2018 – Coca-Cola 1Q Cont Ops EPS 31c; 30/05/2018 – Ben Shanley, Senior Vice President, National Foodservice Operations at Coca-Cola North America, Receives IFMA’s Distinguished Foodservice Executive Award; 02/05/2018 – COCA-COLA ICECEK 1Q LOSS 46M LIRAS, EST. LOSS 67.4M LIRAS; 07/05/2018 – Warren Buffett: Changing consumer habits are hitting Coca-Cola and Kraft; 07/05/2018 – IFF to buy Israel’s Frutarom for $7.1 bln, nearing top spot; 07/05/2018 – VY Esports Teams Up With Electronic Arts And Coca-Cola For Russian Interactive Football Cup; 02/04/2018 – KO US: Recommends Shareholders Reject Mini Tender Offer By TRC

Benin Management Corp increased its stake in Prudential Finl Inc (PRU) by 14.2% based on its latest 2018Q1 regulatory filing with the SEC. Benin Management Corp bought 17,323 shares as the company’s stock declined 9.17% with the market. The institutional investor held 139,343 shares of the finance company at the end of 2018Q1, valued at $14.43 million, up from 122,020 at the end of the previous reported quarter. Benin Management Corp who had been investing in Prudential Finl Inc for a number of months, seems to be bullish on the $40.37B market cap company. The stock decreased 3.30% or $3.3 during the last trading session, reaching $96.64. About 1.56M shares traded. Prudential Financial, Inc. (NYSE:PRU) has declined 5.66% since August 10, 2017 and is downtrending. It has underperformed by 18.23% the S&P500. Some Historical PRU News: 05/03/2018 MOVES-Prudential Funds adds independent director to board; 17/04/2018 – Ken Poliziani named PGlM’s chief marketing officer, to lead global brand growth; 30/04/2018 – Two Idaho youth honored for volunteerism at national award ceremony in Washington, D.C; 30/04/2018 – Two Iowa youth honored for volunteerism at national award ceremony in Washington, D.C; 07/05/2018 – Financial wellness program popularity rises among employers, up 63 percentage points in two years; 02/05/2018 – PRUDENTIAL FINANCIAL 1Q ADJ OPER EPS $3.08, EST. $2.98; 30/04/2018 – Two Alaska youth honored for volunteerism at national award ceremony in Washington, D.C; 30/04/2018 – Two Michigan youth honored for volunteerism at national award ceremony in Washington, D.C; 27/03/2018 – Prudential develops innovative process with PIC to help small pensions de-risk; 04/05/2018 – Prudential Financial Buys New 8% Position in Tidewater

Since February 20, 2018, it had 0 buys, and 1 sale for $4.43 million activity.

More news for Prudential Financial, Inc. (NYSE:PRU) were recently published by: Businesswire.com, which released: “Prudential, Aviva reach first longevity reinsurance agreement as UK pension de-risking market surges” on August 08, 2018. Seekingalpha.com‘s article titled: “Prudential dips after-hours on Q2 miss” and published on August 01, 2018 is yet another important article.

Investors sentiment decreased to 1.16 in 2018 Q1. Its down 0.02, from 1.18 in 2017Q4. It dived, as 44 investors sold PRU shares while 270 reduced holdings. 99 funds opened positions while 265 raised stakes. 259.90 million shares or 2.95% less from 267.81 million shares in 2017Q4 were reported. Afam Cap accumulated 84,667 shares. Moreover, First Allied Advisory Ser has 0.05% invested in Prudential Financial, Inc. (NYSE:PRU) for 12,856 shares. Price T Rowe Associates Md invested in 729,276 shares. Whittier Trust stated it has 92,348 shares. Ballentine Prtn Ltd Co reported 4,233 shares. Blue Chip Prtn Incorporated invested in 14,013 shares or 0.4% of the stock. Principal Fincl Inc has invested 0.09% in Prudential Financial, Inc. (NYSE:PRU). Metropolitan Life Insur Company Ny stated it has 0% of its portfolio in Prudential Financial, Inc. (NYSE:PRU). Mississippi-based Trustmark Retail Bank Tru Department has invested 0.14% in Prudential Financial, Inc. (NYSE:PRU). Glenmede Na owns 62,086 shares or 0.03% of their US portfolio. Chicago Equity Partners Ltd Liability stated it has 0.17% in Prudential Financial, Inc. (NYSE:PRU). Evergreen Limited Liability Company owns 2,959 shares. 3,300 are owned by Systematic Financial Mgmt Lp. Cranbrook Wealth Mgmt Limited Com accumulated 0.08% or 1,960 shares. 582 were accumulated by Central Bancshares.

Among 16 analysts covering Prudential Financial (NYSE:PRU), 12 have Buy rating, 0 Sell and 4 Hold. Therefore 75% are positive. Prudential Financial had 60 analyst reports since August 6, 2015 according to SRatingsIntel. Barclays Capital maintained it with “Overweight” rating and $130 target in Monday, July 9 report. The stock of Prudential Financial, Inc. (NYSE:PRU) has “Outperform” rating given on Thursday, November 12 by Keefe Bruyette & Woods. On Thursday, February 11 the stock rating was maintained by Barclays Capital with “Overweight”. On Monday, May 16 the stock rating was maintained by FBR Capital with “Outperform”. The rating was maintained by RBC Capital Markets on Tuesday, September 5 with “Hold”. The stock of Prudential Financial, Inc. (NYSE:PRU) has “Equal-Weight” rating given on Thursday, February 8 by Morgan Stanley. The firm earned “Market Perform” rating on Friday, February 9 by Wells Fargo. The firm earned “Underperform” rating on Wednesday, June 29 by Bank of America. The stock of Prudential Financial, Inc. (NYSE:PRU) earned “Neutral” rating by Credit Suisse on Friday, October 7. On Monday, June 4 the stock rating was upgraded by Goldman Sachs to “Buy”.

Benin Management Corp, which manages about $278.88 million and $222.37 million US Long portfolio, decreased its stake in Bb&T Corp (NYSE:BBT) by 15,600 shares to 13,625 shares, valued at $709,000 in 2018Q1, according to the filing. It also reduced its holding in Northern Tr Corp (NASDAQ:NTRS) by 5,900 shares in the quarter, leaving it with 19,125 shares, and cut its stake in Rockwell Collins Inc (NYSE:COL).

More notable recent The Coca-Cola Company (NYSE:KO) news were published by: Seekingalpha.com which released: “Box: Returns Pack A Punch” on August 07, 2018, also Bizjournals.com with their article: “Coca-Cola’s 90s binge continues, blending Surge with Burger King” published on August 08, 2018, Bizjournals.com published: “Prominent Coca-Cola distributor reportedly in bidding for Sports Illustrated” on August 07, 2018. More interesting news about The Coca-Cola Company (NYSE:KO) were released by: Seekingalpha.com and their article: “I Bought Illinois Tool Works After Its Nearly 30% Dividend Increase” published on August 09, 2018 as well as Fool.com‘s news article titled: “Why Monster Beverage Corp. Stock Jumped as Much as 5.1% Today” with publication date: August 09, 2018.

Investors sentiment decreased to 0.69 in 2018 Q1. Its down 0.22, from 0.91 in 2017Q4. It worsened, 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. Jfs Wealth Ltd Liability Com owns 16,269 shares. Benjamin F Edwards And reported 41,435 shares stake. Smith Salley And Associate accumulated 19,938 shares or 0.16% of the stock. The New York-based Community Bank Na has invested 1.12% in The Coca-Cola Company (NYSE:KO). North Star Investment Mgmt Corp has 0.34% invested in The Coca-Cola Company (NYSE:KO). Allen Invest Mngmt Limited Liability Company, a New York-based fund reported 84,339 shares. The Kansas-based Mariner Llc has invested 0.15% in The Coca-Cola Company (NYSE:KO). Obermeyer Wood Investment Counsel Lllp stated it has 32,896 shares. Brown Advisory holds 0.14% of its portfolio in The Coca-Cola Company (NYSE:KO) for 721,762 shares. 20,583 are owned by Tuttle Tactical Mngmt. Mraz Amerine & Associates accumulated 46,360 shares or 0.64% of the stock. Associated Banc reported 203,049 shares or 0.5% of all its holdings. Trust Department Mb Bancshares N A holds 0.01% or 2,706 shares in its portfolio. Retirement Of Alabama has 0.61% invested in The Coca-Cola Company (NYSE:KO) for 2.84M shares. 33,829 are held by Eagle Global Advisors Ltd Co.

Since March 12, 2018, it had 0 insider buys, and 3 sales for $3.32 million activity. $84,735 worth of The Coca-Cola Company (NYSE:KO) was sold by MANN JENNIFER K.

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

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