Marco Investment Management Lowers stake in The Coca-Cola Co (KO)

The Coca-Cola Co (KO) : Marco Investment Management reduced its stake in The Coca-Cola Co by 0.39% during the most recent quarter end. The investment management company now holds a total of 380,411 shares of The Coca-Cola Co which is valued at $17,251,639 after selling 1,492 shares in The Coca-Cola Co , the firm said in a disclosure report filed with the SEC on May 10, 2016.The Coca-Cola Co makes up approximately 2.67% of Marco Investment Management’s portfolio.

Other Hedge Funds, Including , Stearns Financial Services Group boosted its stake in KO in the latest quarter, The investment management firm added 303 additional shares and now holds a total of 28,777 shares of The Coca-Cola Co which is valued at $1,305,037. The Coca-Cola Co makes up approx 0.39% of Stearns Financial Services Group’s portfolio.Pictet Cie (europe) Sa reduced its stake in KO by selling 8,500 shares or 44.78% in the most recent quarter. The Hedge Fund company now holds 10,480 shares of KO which is valued at $475,268. The Coca-Cola Co makes up approx 0.10% of Pictet Cie (europe) Sa’s portfolio.Parkside Financial Bank Trust boosted its stake in KO in the latest quarter, The investment management firm added 2,042 additional shares and now holds a total of 23,877 shares of The Coca-Cola Co which is valued at $1,082,106. The Coca-Cola Co makes up approx 0.54% of Parkside Financial Bank Trust’s portfolio.Quadrant Capital Group reduced its stake in KO by selling 5,612 shares or 24.15% in the most recent quarter. The Hedge Fund company now holds 17,623 shares of KO which is valued at $789,510. The Coca-Cola Co makes up approx 0.50% of Quadrant Capital Group’s portfolio.Huntington National Bank boosted its stake in KO in the latest quarter, The investment management firm added 27,573 additional shares and now holds a total of 430,643 shares of The Coca-Cola Co which is valued at $19,292,806. The Coca-Cola Co makes up approx 0.49% of Huntington National Bank’s portfolio.

The Coca-Cola Co opened for trading at $45.16 and hit $45.73 on the upside on Monday, eventually ending the session at $45.62, with a gain of 0.60% or 0.27 points. The heightened volatility saw the trading volume jump to 94,13,602 shares. Company has a market cap of $197,361 M.

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.

Investors should note that on Apr 28, 2016, The Coca-Cola Co announced a cash dividend of $0.3500. The company’s management has announced Jun 13, 2016 as the ex-dividend date and fixed the record date on Jun 15, 2016. The payable date has been fixed on Jul 1, 2016.

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 Company’s segments include Eurasia and Africa Europe Latin America North America Asia Pacific Bottling Investments and Corporate.

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