Beacon Capital Management Lowers stake in The Coca-Cola Co (KO)

The Coca-Cola Co (KO) : Beacon Capital Management reduced its stake in The Coca-Cola Co by 35.85% during the most recent quarter end. The investment management company now holds a total of 2,162 shares of The Coca-Cola Co which is valued at $98,112 after selling 1,208 shares in The Coca-Cola Co , the firm said in a disclosure report filed with the SEC on Jul 8, 2016.The Coca-Cola Co makes up approximately 0.01% of Beacon Capital Management’s portfolio.

Other Hedge Funds, Including , Newman Dignan Sheerar reduced its stake in KO by selling 1,394 shares or 8.88% in the most recent quarter. The Hedge Fund company now holds 14,299 shares of KO which is valued at $648,889. The Coca-Cola Co makes up approx 0.42% of Newman Dignan Sheerar’s portfolio.Washington Trust Bank reduced its stake in KO by selling 1,560 shares or 12.88% in the most recent quarter. The Hedge Fund company now holds 10,548 shares of KO which is valued at $478,668. The Coca-Cola Co makes up approx 0.12% of Washington Trust Bank’s portfolio.First American Trust Fsb boosted its stake in KO in the latest quarter, The investment management firm added 801 additional shares and now holds a total of 29,926 shares of The Coca-Cola Co which is valued at $1,358,042. The Coca-Cola Co makes up approx 0.47% of First American Trust Fsb’s portfolio.Marshwinds Advisory Co reduced its stake in KO by selling 1,072 shares or 0.64% in the most recent quarter. The Hedge Fund company now holds 165,209 shares of KO which is valued at $7,497,184. The Coca-Cola Co makes up approx 3.63% of Marshwinds Advisory Co’s portfolio.Cullinan Associates Inc reduced its stake in KO by selling 21,996 shares or 1.71% in the most recent quarter. The Hedge Fund company now holds 1,261,802 shares of KO which is valued at $56,932,506. The Coca-Cola Co makes up approx 4.63% of Cullinan Associates Inc’s portfolio.

The Coca-Cola Co opened for trading at $45.61 and hit $45.76 on the upside on Wednesday, eventually ending the session at $45.74, with a gain of 0.35% or 0.16 points. The heightened volatility saw the trading volume jump to 80,28,398 shares. Company has a market cap of $197,880 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.

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 .

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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