Mercer Capital Advisers Lowers stake in COCA COLA CO COM (KO)

COCA COLA CO COM (KO) : Mercer Capital Advisers reduced its stake in COCA COLA CO COM by 2.04% during the most recent quarter end. The investment management company now holds a total of 81,556 shares of COCA COLA CO COM which is valued at $3,632,504 after selling 1,700 shares in COCA COLA CO COM , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.COCA COLA CO COM makes up approximately 3.06% of Mercer Capital Advisers’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 , Paradigm Financial Advisors boosted its stake in KO in the latest quarter, The investment management firm added 586 additional shares and now holds a total of 61,547 shares of COCA COLA CO COM which is valued at $2,741,303. COCA COLA CO COM makes up approx 1.66% of Paradigm Financial Advisors’s portfolio.Wendell David Associates Inc reduced its stake in KO by selling 4,160 shares or 1.24% in the most recent quarter. The Hedge Fund company now holds 332,455 shares of KO which is valued at $14,807,546. COCA COLA CO COM makes up approx 2.85% of Wendell David Associates Inc’s portfolio.Trust Co Of Toledo Na Oh boosted its stake in KO in the latest quarter, The investment management firm added 639 additional shares and now holds a total of 127,956 shares of COCA COLA CO COM which is valued at $5,898,772. COCA COLA CO COM makes up approx 1.76% of Trust Co Of Toledo Na Oh’s portfolio.

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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