Bank Of Nova Scotia Has Raised Its Coca Cola Co (KO) Holding by $36.50 Million; As Mettler Toledo International C (MTD) Market Valuation Declined, Capital Counsel Lowered Holding by $1.73 Million

April 26, 2018 - By Marguerite Chambers

Mettler-Toledo International Inc. (NYSE:MTD) Logo

Bank Of Nova Scotia increased its stake in Coca Cola Co (KO) by 78.72% based on its latest 2017Q4 regulatory filing with the SEC. Bank Of Nova Scotia bought 811,076 shares as the company’s stock declined 5.92% with the market. The institutional investor held 1.84M shares of the beverages (production and distribution) company at the end of 2017Q4, valued at $84.48M, up from 1.03 million at the end of the previous reported quarter. Bank Of Nova Scotia who had been investing in Coca Cola Co for a number of months, seems to be bullish on the $182.71B market cap company. The stock increased 0.98% or $0.415 during the last trading session, reaching $42.845. About 4.97M shares traded. The Coca-Cola Company (NYSE:KO) has risen 1.35% since April 26, 2017 and is uptrending. It has underperformed by 10.20% the S&P500.

Capital Counsel Llc decreased its stake in Mettler Toledo International C (MTD) by 1.23% based on its latest 2017Q4 regulatory filing with the SEC. Capital Counsel Llc sold 2,801 shares as the company’s stock declined 6.76% with the market. The institutional investor held 225,346 shares of the capital goods company at the end of 2017Q4, valued at $139.61M, down from 228,147 at the end of the previous reported quarter. Capital Counsel Llc who had been investing in Mettler Toledo International C for a number of months, seems to be less bullish one the $14.35 billion market cap company. The stock increased 0.55% or $3.11 during the last trading session, reaching $563.78. About 50,602 shares traded. Mettler-Toledo International Inc. (NYSE:MTD) has risen 19.68% since April 26, 2017 and is uptrending. It has outperformed by 8.13% the S&P500.

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. RBC Capital Markets maintained The Coca-Cola Company (NYSE:KO) on Friday, June 30 with “Buy” rating. Susquehanna maintained The Coca-Cola Company (NYSE:KO) rating on Tuesday, March 15. Susquehanna has “Neutral” rating and $39 target. Credit Suisse maintained the shares of KO in report on Thursday, October 26 with “Outperform” rating. The firm has “Hold” rating by BMO Capital Markets given on Wednesday, July 12. Credit Suisse initiated the shares of KO in report on Friday, September 16 with “Neutral” rating. The firm has “Hold” rating given on Tuesday, April 17 by Goldman Sachs. On Friday, December 16 the stock rating was downgraded by Morgan Stanley to “Equal-Weight”. The rating was maintained by Susquehanna on Wednesday, July 26 with “Hold”. The stock has “Equal-Weight” rating by Morgan Stanley on Thursday, October 26. Stifel Nicolaus downgraded the shares of KO in report on Thursday, September 29 to “Hold” rating.

Since January 16, 2018, it had 0 insider purchases, and 5 sales for $6.52 million activity. MURPHY JOHN had sold 14,129 shares worth $631,572. 23,240 shares were sold by Waller Kathy N, worth $1.07 million on Tuesday, January 16. The insider LONG ROBERT EDWARD sold $719,250. MANN JENNIFER K sold $84,735 worth of stock or 1,883 shares.

Bank Of Nova Scotia, which manages about $21.92 billion US Long portfolio, decreased its stake in Apple Inc (Put) (NASDAQ:AAPL) by 32,500 shares to 22,500 shares, valued at $3.99M in 2017Q4, according to the filing. It also reduced its holding in Cerner Corp (NASDAQ:CERN) by 5,384 shares in the quarter, leaving it with 49,436 shares, and cut its stake in Vector Group Ltd (NYSE:VGR).

Investors sentiment increased to 0.91 in Q4 2017. Its up 0.11, from 0.8 in 2017Q3. It improved, as 51 investors sold KO shares while 623 reduced holdings. 124 funds opened positions while 492 raised stakes. 2.73 billion shares or 0.05% less from 2.73 billion shares in 2017Q3 were reported. Gm Advisory Gru has invested 0.12% of its portfolio in The Coca-Cola Company (NYSE:KO). Montag A & Inc invested in 3.5% or 789,961 shares. Somerville Kurt F holds 0.18% or 19,152 shares in its portfolio. Ca invested 0.28% of its portfolio in The Coca-Cola Company (NYSE:KO). State Of Alaska Department Of Revenue holds 0.74% or 671,996 shares. Hillsdale Investment Management Inc reported 240 shares. Benjamin F Edwards And stated it has 0.14% of its portfolio in The Coca-Cola Company (NYSE:KO). Regents Of The University Of California owns 18,000 shares for 1.25% of their portfolio. Blackrock Inc has invested 0.53% in The Coca-Cola Company (NYSE:KO). Sabal Tru has invested 0.29% in The Coca-Cola Company (NYSE:KO). Chelsea Counsel holds 0.19% or 7,700 shares in its portfolio. Moreover, Gabelli Funds Llc has 0.21% invested in The Coca-Cola Company (NYSE:KO). 13,306 were accumulated by At State Bank. Wg Shaheen And Associates Dba Whitney And Commerce accumulated 108,638 shares. Strategic Svcs reported 7,577 shares.

Analysts await Mettler-Toledo International Inc. (NYSE:MTD) to report earnings on May, 3. They expect $3.76 earnings per share, up 12.57% or $0.42 from last year’s $3.34 per share. MTD’s profit will be $95.69 million for 37.49 P/E if the $3.76 EPS becomes a reality. After $5.97 actual earnings per share reported by Mettler-Toledo International Inc. for the previous quarter, Wall Street now forecasts -37.02% negative EPS growth.

Since February 12, 2018, it had 0 buys, and 11 selling transactions for $20.40 million activity. $1.92 million worth of Mettler-Toledo International Inc. (NYSE:MTD) was sold by de la Guerroniere Marc on Wednesday, February 21. $2.20 million worth of stock was sold by Rauch Waldemar on Friday, March 9. Vadala Shawn had sold 300 shares worth $181,560. 2,500 shares were sold by SPOERRY ROBERT F, worth $1.56 million on Wednesday, February 14. 608 Mettler-Toledo International Inc. (NYSE:MTD) shares with value of $386,698 were sold by CONTINO FRANCIS A. $1.77 million worth of Mettler-Toledo International Inc. (NYSE:MTD) was sold by Heidingsfelder Michael on Friday, March 2.

Capital Counsel Llc, which manages about $2.48B and $1.22B US Long portfolio, upped its stake in Berkshire Hathaway Inc (BRKB) by 1,800 shares to 9,243 shares, valued at $1.83 million in 2017Q4, according to the filing.

Investors sentiment increased to 0.98 in 2017 Q4. Its up 0.14, from 0.84 in 2017Q3. It increased, as 21 investors sold MTD shares while 179 reduced holdings. 58 funds opened positions while 137 raised stakes. 22.21 million shares or 0.20% less from 22.26 million shares in 2017Q3 were reported. Northeast Financial Consultants holds 325 shares or 0.07% of its portfolio. Williams Jones Limited Com owns 195,505 shares for 2.75% of their portfolio. Mason Street Ltd Com holds 0.05% or 3,563 shares in its portfolio. Natl Bank Of America Corporation De owns 100,757 shares for 0.01% of their portfolio. Brandywine Glob Management Lc has 0% invested in Mettler-Toledo International Inc. (NYSE:MTD) for 20 shares. New Mexico Educational Retirement Board reported 0.06% of its portfolio in Mettler-Toledo International Inc. (NYSE:MTD). Cornerstone Advsr Inc owns 0% invested in Mettler-Toledo International Inc. (NYSE:MTD) for 3 shares. Glg Ltd Liability has 0.06% invested in Mettler-Toledo International Inc. (NYSE:MTD). Coldstream Cap Management accumulated 665 shares. Syntal Cap Ltd Liability owns 0.42% invested in Mettler-Toledo International Inc. (NYSE:MTD) for 2,202 shares. Meeder Asset Management owns 516 shares or 0.03% of their US portfolio. Moreover, Nomura Asset Mngmt Communications has 0.02% invested in Mettler-Toledo International Inc. (NYSE:MTD) for 3,461 shares. Bridgewater Assoc Limited Partnership invested 0.02% in Mettler-Toledo International Inc. (NYSE:MTD). Dimensional Fund Advsr Ltd Partnership has invested 0.03% in Mettler-Toledo International Inc. (NYSE:MTD). Southeast Asset Advsrs Inc reported 823 shares.

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

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