Seaward Management Limited Partnership Lowers stake in The Coca-Cola Co (KO)

The Coca-Cola Co (KO) : Seaward Management Limited Partnership reduced its stake in The Coca-Cola Co by 3.93% during the most recent quarter end. The investment management company now holds a total of 295,138 shares of The Coca-Cola Co which is valued at $13,145,447 after selling 12,088 shares in The Coca-Cola Co , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.The Coca-Cola Co makes up approximately 0.70% of Seaward Management Limited Partnership’s portfolio.

The Coca-Cola Co opened for trading at $44.64 and hit $44.86 on the upside on Wednesday, eventually ending the session at $44.68, with a gain of 0.34% or 0.15 points. The heightened volatility saw the trading volume jump to 1,13,35,539 shares. Company has a market cap of $193,442 M.

Other Hedge Funds, Including , Naples Global Advisors reduced its stake in KO by selling 31 shares or 0.15% in the most recent quarter. The Hedge Fund company now holds 20,982 shares of KO which is valued at $967,270. The Coca-Cola Co makes up approx 0.40% of Naples Global Advisors’s portfolio. Academy Capital Management Inctx sold out all of its stake in KO during the most recent quarter. The investment firm sold 358,386 shares of KO which is valued $16,643,446.

On the company’s financial health, The Coca-Cola Co reported $0.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $0.44. The company had revenue of $10282.00 million for the quarter, compared to analysts expectations of $10235.65 million. The company’s revenue was down -4.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.48 EPS.

Many Wall Street Analysts have commented on The Coca-Cola Co. Shares were Reiterated by UBS on Apr 21, 2016 to “Buy” and Lowered the Price Target to $ 51 from a previous price target of $52 .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 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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