Dowling Yahnke buys $37,070,100 stake in The Coca-Cola Co (KO)

The Coca-Cola Co (KO) : Dowling Yahnke scooped up 2,406 additional shares in The Coca-Cola Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 21, 2016. The investment management firm now holds a total of 808,861 shares of The Coca-Cola Co which is valued at $37,070,100.The Coca-Cola Co makes up approximately 4.28% of Dowling Yahnke’s portfolio.

Other Hedge Funds, Including , Oakworth Capital boosted its stake in KO in the latest quarter, The investment management firm added 2,189 additional shares and now holds a total of 22,930 shares of The Coca-Cola Co which is valued at $1,050,882. The Coca-Cola Co makes up approx 0.38% of Oakworth Capital’s portfolio.Longer Investments reduced its stake in KO by selling 21 shares or 0.06% in the most recent quarter. The Hedge Fund company now holds 36,969 shares of KO which is valued at $1,682,459. The Coca-Cola Co makes up approx 1.79% of Longer Investments’s portfolio.Carlton Hofferkamp Jenks Wealth Management reduced its stake in KO by selling 2,312 shares or 17.92% in the most recent quarter. The Hedge Fund company now holds 10,593 shares of KO which is valued at $482,087. The Coca-Cola Co makes up approx 0.37% of Carlton Hofferkamp Jenks Wealth Management’s portfolio.Trust Co reduced its stake in KO by selling 800 shares or 7.35% in the most recent quarter. The Hedge Fund company now holds 10,083 shares of KO which is valued at $457,567. The Coca-Cola Co makes up approx 0.17% of Trust Co’s portfolio.

The Coca-Cola Co opened for trading at $43.27 and hit $43.69 on the upside on Thursday, eventually ending the session at $43.65, with a gain of 0.58% or 0.25 points. The heightened volatility saw the trading volume jump to 1,30,65,994 shares. Company has a market cap of $188,839 M.

On the company’s financial health, The Coca-Cola Co reported $0.60 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.58. The company had revenue of $11539.00 million for the quarter, compared to analysts expectations of $11629.87 million. The company’s revenue was down -5.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.63 EPS.

Investors should note that on Jul 21, 2016, The Coca-Cola Co announced a cash dividend of $0.3500. The company’s management has announced Sep 13, 2016 as the ex-dividend date and fixed the record date on Sep 15, 2016. The payable date has been fixed on Oct 3, 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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