Maple Securities Usa Inc Exits Position in The Coca-Cola Co (KO)

The Coca-Cola Co (KO) : Maple Securities Usa Inc has sold out all of its stake in The Coca-Cola Co during the most recent quarter, according to the disclosure filed by the company on Apr 13, 2016 with the SEC. The investment management company has sold out 37,272 shares of The Coca-Cola Co which is valued at $1,718,239.

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 , Independent Portfolio Consultants boosted its stake in KO in the latest quarter, The investment management firm added 335 additional shares and now holds a total of 880 shares of The Coca-Cola Co which is valued at $40,568. The Coca-Cola Co makes up approx 0.01% of Independent Portfolio Consultants’s portfolio.First American Trust Fsb boosted its stake in KO in the latest quarter, The investment management firm added 1,200 additional shares and now holds a total of 29,125 shares of The Coca-Cola Co which is valued at $1,352,565. The Coca-Cola Co makes up approx 0.48% of First American Trust Fsb’s portfolio. Pensionfund Sabic sold out all of its stake in KO during the most recent quarter. The investment firm sold 95,000 shares of KO which is valued $4,411,800.Renaissance Investment Group reduced its stake in KO by selling 280 shares or 5.19% in the most recent quarter. The Hedge Fund company now holds 5,114 shares of KO which is valued at $239,489. The Coca-Cola Co makes up approx 0.12% of Renaissance Investment Group’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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