Gradient Investments Lowers stake in The Coca-Cola Co (KO)

The Coca-Cola Co (KO) : Gradient Investments reduced its stake in The Coca-Cola Co by 1.6% during the most recent quarter end. The investment management company now holds a total of 229,360 shares of The Coca-Cola Co which is valued at $10,573,496 after selling 3,725 shares in The Coca-Cola Co , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.The Coca-Cola Co makes up approximately 1.30% of Gradient Investments’s portfolio.

The Coca-Cola Co opened for trading at $46.13 and hit $46.28 on the upside on Monday, eventually ending the session at $46.22, with a gain of 0.26% or 0.12 points. The heightened volatility saw the trading volume jump to 1,15,38,098 shares. Company has a market cap of $200,109 M.

Other Hedge Funds, Including , Newman Dignan Sheerar boosted its stake in KO in the latest quarter, The investment management firm added 338 additional shares and now holds a total of 15,693 shares of The Coca-Cola Co which is valued at $723,447. The Coca-Cola Co makes up approx 0.52% of Newman Dignan Sheerar’s portfolio.Burns J W Co Incny reduced its stake in KO by selling 475 shares or 0.72% in the most recent quarter. The Hedge Fund company now holds 65,819 shares of KO which is valued at $3,056,634. The Coca-Cola Co makes up approx 0.97% of Burns J W Co Incny’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.First National Bank Of Mount Dora Trust Investment Services reduced its stake in KO by selling 275 shares or 0.58% in the most recent quarter. The Hedge Fund company now holds 47,194 shares of KO which is valued at $2,191,689. The Coca-Cola Co makes up approx 1.30% of First National Bank Of Mount Dora Trust Investment Services’s portfolio.

On the company’s financial health, The Coca-Cola Co reported $0.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 9, 2016. Analyst had a consensus of $0.37. The company had revenue of $10000.00 million for the quarter, compared to analysts expectations of $9910.48 million. The company’s revenue was down -8.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.44 EPS.

Many Wall Street Analysts have commented on The Coca-Cola Co. 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 Co was Downgraded by Sterne Agee CRT to ” Neutral” on Feb 26, 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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