Everence Capital Management Inc buys $4,243,281 stake in COCA COLA CO COM (KO)

COCA COLA CO COM (KO) : Everence Capital Management Inc scooped up 2,890 additional shares in COCA COLA CO COM during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 95,269 shares of COCA COLA CO COM which is valued at $4,243,281.COCA COLA CO COM makes up approximately 1.30% of Everence Capital Management Inc’s portfolio.

COCA COLA CO COM 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 , Lincluden Management Ltd boosted its stake in KO in the latest quarter, The investment management firm added 305 additional shares and now holds a total of 70,996 shares of COCA COLA CO COM which is valued at $3,162,162. COCA COLA CO COM makes up approx 0.50% of Lincluden Management Ltd’s portfolio.Community Bank N.a. reduced its stake in KO by selling 1,475 shares or 1.1% in the most recent quarter. The Hedge Fund company now holds 132,049 shares of KO which is valued at $5,881,462. COCA COLA CO COM makes up approx 1.40% of Community Bank N.a.’s portfolio.Cornerstone Advisors boosted its stake in KO in the latest quarter, The investment management firm added 902 additional shares and now holds a total of 10,839 shares of COCA COLA CO COM which is valued at $482,769. COCA COLA CO COM makes up approx 0.50% of Cornerstone Advisors’s portfolio.Capstone Asset Management Co reduced its stake in KO by selling 161,181 shares or 19.36% in the most recent quarter. The Hedge Fund company now holds 671,429 shares of KO which is valued at $30,952,877. COCA COLA CO COM makes up approx 0.88% of Capstone Asset Management Co’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, COCA COLA CO COM 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 COCA COLA CO COM. 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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