The Coca-Cola Co (KO) : Community Bank N.a. reduced its stake in The Coca-Cola Co by 1.1% during the most recent quarter end. The investment management company now holds a total of 132,049 shares of The Coca-Cola Co which is valued at $5,881,462 after selling 1,475 shares in The Coca-Cola Co , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.The Coca-Cola Co makes up approximately 1.40% of Community Bank N.a.’s portfolio.
The Coca-Cola Co opened for trading at $43.79 and hit $44.66 on the upside on Friday, eventually ending the session at $44.54, with a gain of 2.02% or 0.88 points. The heightened volatility saw the trading volume jump to 2,51,34,220 shares. Company has a market cap of $192,836 M.
Other Hedge Funds, Including , Stewart Patten Co reduced its stake in KO by selling 4,326 shares or 0.98% in the most recent quarter. The Hedge Fund company now holds 438,362 shares of KO which is valued at $20,208,488. The Coca-Cola Co makes up approx 4.03% of Stewart Patten Co’s portfolio.Rowland Co Investment Counseladv boosted its stake in KO in the latest quarter, The investment management firm added 728 additional shares and now holds a total of 241,090 shares of The Coca-Cola Co which is valued at $11,114,249. The Coca-Cola Co makes up approx 5.23% of Rowland Co Investment Counseladv’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.Hollencrest Securities reduced its stake in KO by selling 367 shares or 0.25% in the most recent quarter. The Hedge Fund company now holds 144,469 shares of KO which is valued at $6,709,140. The Coca-Cola Co makes up approx 1.17% of Hollencrest Securities’s portfolio.
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 Companys segments include Eurasia and Africa Europe Latin America North America Asia Pacific Bottling Investments and Corporate.