Smith Howard Wealth Management Lowers stake in The Coca-Cola Co (KO)

The Coca-Cola Co (KO) : Smith Howard Wealth Management reduced its stake in The Coca-Cola Co by 3.88% during the most recent quarter end. The investment management company now holds a total of 49,171 shares of The Coca-Cola Co which is valued at $2.2 Million after selling 1,984 shares in The Coca-Cola Co , the firm said in a disclosure report filed with the SEC on May 12, 2016.The Coca-Cola Co makes up approximately 0.93% of Smith Howard Wealth Management’s portfolio.

Other Hedge Funds, Including , Amf Pensionsforsakring Ab reduced its stake in KO by selling 112,200 shares or 60.39% in the most recent quarter. The Hedge Fund company now holds 73,600 shares of KO which is valued at $3.3 Million. The Coca-Cola Co makes up approx 0.04% of Amf Pensionsforsakring Ab’s portfolio. Gideon Capital Advisors sold out all of its stake in KO during the most recent quarter. The investment firm sold 36,646 shares of KO which is valued $1.7 Million.Brown Advisory Securities reduced its stake in KO by selling 1,864 shares or 4.51% in the most recent quarter. The Hedge Fund company now holds 39,474 shares of KO which is valued at $1.8 Million. The Coca-Cola Co makes up approx 0.59% of Brown Advisory Securities’s portfolio.Cibc Asset Management Inc boosted its stake in KO in the latest quarter, The investment management firm added 3,717 additional shares and now holds a total of 439,883 shares of The Coca-Cola Co which is valued at $19.9 Million. The Coca-Cola Co makes up approx 0.15% of Cibc Asset Management Inc’s portfolio.Sabal Trust Co reduced its stake in KO by selling 100 shares or 0.18% in the most recent quarter. The Hedge Fund company now holds 56,168 shares of KO which is valued at $2.5 Million. The Coca-Cola Co makes up approx 0.30% of Sabal Trust Co’s portfolio.

The Coca-Cola Co closed down -0.37 points or -0.83% at $43.95 with 1,29,14,133 shares getting traded on Friday. Post opening the session at $44.51, the shares hit an intraday low of $43.94 and an intraday high of $44.54 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.

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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