The Coca-Cola Co (KO) : Mechanics Bank Trust Department reduced its stake in The Coca-Cola Co by 4.38% during the most recent quarter end. The investment management company now holds a total of 46,355 shares of The Coca-Cola Co which is valued at $2,064,652 after selling 2,124 shares in The Coca-Cola Co , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.The Coca-Cola Co makes up approximately 0.79% of Mechanics Bank Trust Department’s portfolio.
The Coca-Cola Co 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 , Mountain Pacific Investment Advisers Incid boosted its stake in KO in the latest quarter, The investment management firm added 850 additional shares and now holds a total of 14,235 shares of The Coca-Cola Co which is valued at $656,234. The Coca-Cola Co makes up approx 0.07% of Mountain Pacific Investment Advisers Incid’s portfolio.Kistler-tiffany Companies boosted its stake in KO in the latest quarter, The investment management firm added 4,320 additional shares and now holds a total of 27,368 shares of The Coca-Cola Co which is valued at $1,270,970. The Coca-Cola Co makes up approx 0.71% of Kistler-tiffany Companies’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.