The Coca-Cola Co (KO) : Rit Capital Partners Plc added new position in The Coca-Cola Co during the most recent quarter end. The investment management firm now holds 412,000 shares of The Coca-Cola Co which is valued at $18,684,200 , the company said in a statement filed on May 9, 2016 with the SEC.The Coca-Cola Co makes up approximately 9.84% of Rit Capital Partners Plc’s portfolio.
Other Hedge Funds, Including , Psagot Investment House Ltd. boosted its stake in KO in the latest quarter, The investment management firm added 6,005 additional shares and now holds a total of 31,555 shares of The Coca-Cola Co which is valued at $1,431,019. The Coca-Cola Co makes up approx 0.06% of Psagot Investment House Ltd.’s portfolio.Bronfman E.l. Rothschild reduced its stake in KO by selling 2,035 shares or 2.71% in the most recent quarter. The Hedge Fund company now holds 72,973 shares of KO which is valued at $3,307,136. The Coca-Cola Co makes up approx 0.58% of Bronfman E.l. Rothschild’s portfolio.Diam Ltd. boosted its stake in KO in the latest quarter, The investment management firm added 23,348 additional shares and now holds a total of 598,984 shares of The Coca-Cola Co which is valued at $27,145,955. The Coca-Cola Co makes up approx 0.39% of Diam Ltd.’s portfolio. Rkl Wealth Management added KO to its portfolio by purchasing 16,790 company shares during the most recent quarter which is valued at $752,192. The Coca-Cola Co makes up approx 0.43% of Rkl Wealth Management’s portfolio.Delta Asset Managementtn reduced its stake in KO by selling 340 shares or 1.24% in the most recent quarter. The Hedge Fund company now holds 27,190 shares of KO which is valued at $1,218,112. The Coca-Cola Co makes up approx 0.21% of Delta Asset Managementtn’s portfolio.
The Coca-Cola Co closed down -0.48 points or -1.05% at $45.35 with 1,03,41,197 shares getting traded on Friday. Post opening the session at $45.75, the shares hit an intraday low of $45.23 and an intraday high of $45.83 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.