Beacon Financial Group Lowers stake in The Coca-Cola Co (KO)

The Coca-Cola Co (KO) : Beacon Financial Group reduced its stake in The Coca-Cola Co by 14.35% during the most recent quarter end. The investment management company now holds a total of 160,241 shares of The Coca-Cola Co which is valued at $7.5 Million after selling 26,858 shares in The Coca-Cola Co according to a report filed by the company on Apr 1, 2016 with the SEC.The Coca-Cola Co makes up approximately 1.62% of Beacon Financial Group’s portfolio.

Other Hedge Funds, Including ,

On the company’s financial health, The Coca-Cola Co reported $0.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 9, 2016. Analyst had a consensus of $0.37. The company had revenue of $10000.00 million for the quarter, compared to analysts expectations of $9910.48 million. The company’s revenue was down -8.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.44 EPS.

Many Wall Street Analysts have commented on The Coca-Cola Co. Company shares were Reiterated by UBS on Apr 4, 2016 to “Buy”, Firm has raised the Price Target to $ 52 from a previous price target of $49 .Company shares were Reiterated by RBC Capital Mkts on Mar 10, 2016 to “Outperform”, Firm has raised the Price Target to $ 51 from a previous price target of $47 .The Coca-Cola Co was Downgraded by Sterne Agee CRT to ” Neutral” on Feb 26, 2016.

The Coca-Cola Co closed down -0.43 points or -0.92% at $46.44 with 1,18,80,062 shares getting traded on Monday. Post opening the session at $46.9, the shares hit an intraday low of $46.41 and an intraday high of $47.13 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets more than 500 nonalcoholic beverage brands primarily sparkling beverages but also a range of still beverages such as waters enhanced waters juices and juice drinks ready-to-drink teas and coffees and energy and sports drinks. It owns and markets a range of nonalcoholic sparkling beverage brands such as Coca-Cola Diet Coke Fanta and Sprite. The Company makes its beverage products available to consumers throughout the world through its network of Company-owned or controlled bottling and distribution operations as well as independent bottling partners distributors wholesalers and retailers. The Company’s segments include Eurasia and Africa Europe Latin America North America Asia Pacific Bottling Investments and Corporate.

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