Lincoln Capital Lowers stake in The Coca-Cola Co (KO)

The Coca-Cola Co (KO) : Lincoln Capital reduced its stake in The Coca-Cola Co by 2.58% during the most recent quarter end. The investment management company now holds a total of 141,188 shares of The Coca-Cola Co which is valued at $6,508,767 after selling 3,741 shares in The Coca-Cola Co , the firm said in a disclosure report filed with the SEC on Apr 12, 2016.The Coca-Cola Co makes up approximately 4.80% of Lincoln Capital’s portfolio.

The Coca-Cola Co opened for trading at $45.82 and hit $46.155 on the upside on Friday, eventually ending the session at $46.1, with a gain of 0.59% or 0.27 points. The heightened volatility saw the trading volume jump to 1,36,47,784 shares. Company has a market cap of $199,590 M.

Other Hedge Funds, Including , Blue Bell Private Wealth Management boosted its stake in KO in the latest quarter, The investment management firm added 1,333 additional shares and now holds a total of 4,127 shares of The Coca-Cola Co which is valued at $190,255. The Coca-Cola Co makes up approx 0.13% of Blue Bell Private Wealth Management’s portfolio.Elm Advisors reduced its stake in KO by selling 240 shares or 1.75% in the most recent quarter. The Hedge Fund company now holds 13,492 shares of KO which is valued at $621,981. The Coca-Cola Co makes up approx 0.60% of Elm Advisors’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.Marshwinds Advisory Co reduced its stake in KO by selling 2,084 shares or 1.24% in the most recent quarter. The Hedge Fund company now holds 166,281 shares of KO which is valued at $7,722,090. The Coca-Cola Co makes up approx 3.97% of Marshwinds Advisory Co’s portfolio.Catawba Capital Management Va boosted its stake in KO in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 13,879 shares of The Coca-Cola Co which is valued at $644,541. The Coca-Cola Co makes up approx 0.17% of Catawba Capital Management Va’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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