The Coca-Cola Co (KO) : Chevy Chase Trust Holdings scooped up 25,782 additional shares in The Coca-Cola Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 8, 2016. The investment management firm now holds a total of 3,605,753 shares of The Coca-Cola Co which is valued at $163,629,071.The Coca-Cola Co makes up approximately 0.90% of Chevy Chase Trust Holdings’s portfolio.
Other Hedge Funds, Including , British Columbia Investment Management Corp boosted its stake in KO in the latest quarter, The investment management firm added 806,281 additional shares and now holds a total of 2,488,115 shares of The Coca-Cola Co which is valued at $112,910,659. The Coca-Cola Co makes up approx 0.97% of British Columbia Investment Management Corp’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.Osborn Rohs Williams Donohoe Ltd boosted its stake in KO in the latest quarter, The investment management firm added 1,465 additional shares and now holds a total of 57,006 shares of The Coca-Cola Co which is valued at $2,586,932. The Coca-Cola Co makes up approx 0.50% of Osborn Rohs Williams Donohoe Ltd’s portfolio.Kistler-tiffany Companies reduced its stake in KO by selling 213 shares or 0.78% in the most recent quarter. The Hedge Fund company now holds 27,155 shares of KO which is valued at $1,232,294. The Coca-Cola Co makes up approx 0.62% of Kistler-tiffany Companies’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 Companys segments include Eurasia and Africa Europe Latin America North America Asia Pacific Bottling Investments and Corporate.