Packer Co Ltd Lowers stake in The Coca-Cola Co (KO)

The Coca-Cola Co (KO) : Packer Co Ltd reduced its stake in The Coca-Cola Co by 16.63% during the most recent quarter end. The investment management company now holds a total of 701,600 shares of The Coca-Cola Co which is valued at $31,838,608 after selling 140,000 shares in The Coca-Cola Co , the firm said in a disclosure report filed with the SEC on Jul 8, 2016.The Coca-Cola Co makes up approximately 5.11% of Packer Co Ltd’s portfolio.

Other Hedge Funds, Including , Bank Of Stockton reduced its stake in KO by selling 3 shares or 0.03% in the most recent quarter. The Hedge Fund company now holds 9,998 shares of KO which is valued at $453,709. The Coca-Cola Co makes up approx 0.24% of Bank Of Stockton’s portfolio.Patten Patten Inctn reduced its stake in KO by selling 52,411 shares or 20.33% in the most recent quarter. The Hedge Fund company now holds 205,386 shares of KO which is valued at $9,320,417. The Coca-Cola Co makes up approx 1.27% of Patten Patten Inctn’s portfolio.Howland Capital Management reduced its stake in KO by selling 400 shares or 0.59% in the most recent quarter. The Hedge Fund company now holds 67,877 shares of KO which is valued at $3,080,258. The Coca-Cola Co makes up approx 0.29% of Howland Capital Management’s portfolio.Cohen Lawrence B reduced its stake in KO by selling 5,150 shares or 41.7% in the most recent quarter. The Hedge Fund company now holds 7,200 shares of KO which is valued at $326,736. The Coca-Cola Co makes up approx 0.19% of Cohen Lawrence B’s portfolio.Marshwinds Advisory Co reduced its stake in KO by selling 1,072 shares or 0.64% in the most recent quarter. The Hedge Fund company now holds 165,209 shares of KO which is valued at $7,497,184. The Coca-Cola Co makes up approx 3.63% of Marshwinds Advisory Co’s portfolio.

The Coca-Cola Co opened for trading at $45.61 and hit $45.76 on the upside on Wednesday, eventually ending the session at $45.74, with a gain of 0.35% or 0.16 points. The heightened volatility saw the trading volume jump to 80,28,398 shares. Company has a market cap of $197,880 M.

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 .

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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