Stonebridge Capital Management Inc Lowers stake in The Coca-Cola Co (KO)

The Coca-Cola Co (KO) : Stonebridge Capital Management Inc reduced its stake in The Coca-Cola Co by 8.18% during the most recent quarter end. The investment management company now holds a total of 163,747 shares of The Coca-Cola Co which is valued at $7,548,737 after selling 14,585 shares in The Coca-Cola Co , the firm said in a disclosure report filed with the SEC on Apr 12, 2016.The Coca-Cola Co makes up approximately 3.19% of Stonebridge Capital Management Inc’s portfolio.

The Coca-Cola Co opened for trading at $45.82 and hit $46.155 on the upside on Friday, eventually ending the session at $46.1, with a gain of 0.59% or 0.27 points. The heightened volatility saw the trading volume jump to 1,36,47,784 shares. Company has a market cap of $199,590 M.

Other Hedge Funds, Including , Gofen Glossberg Il boosted its stake in KO in the latest quarter, The investment management firm added 9,385 additional shares and now holds a total of 590,779 shares of The Coca-Cola Co which is valued at $27,234,912. The Coca-Cola Co makes up approx 1.15% of Gofen Glossberg Il’s portfolio.Charter Trust Co reduced its stake in KO by selling 335 shares or 0.25% in the most recent quarter. The Hedge Fund company now holds 131,910 shares of KO which is valued at $6,125,900. The Coca-Cola Co makes up approx 0.75% of Charter Trust Co’s portfolio.Burns J W Co Incny reduced its stake in KO by selling 475 shares or 0.72% in the most recent quarter. The Hedge Fund company now holds 65,819 shares of KO which is valued at $3,056,634. The Coca-Cola Co makes up approx 0.97% of Burns J W Co Incny’s portfolio.Greylin Investment Mangement Inc reduced its stake in KO by selling 69,065 shares or 17.54% in the most recent quarter. The Hedge Fund company now holds 324,745 shares of KO which is valued at $15,081,158. The Coca-Cola Co makes up approx 3.55% of Greylin Investment Mangement Inc’s portfolio.New England Research Management reduced its stake in KO by selling 1,000 shares or 6.82% in the most recent quarter. The Hedge Fund company now holds 13,673 shares of KO which is valued at $634,974. The Coca-Cola Co makes up approx 0.55% of New England Research Management’s portfolio.

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 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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