Cullinan Associates Inc Lowers stake in The Coca-Cola Co (KO)

The Coca-Cola Co (KO) : Cullinan Associates Inc reduced its stake in The Coca-Cola Co by 1.71% during the most recent quarter end. The investment management company now holds a total of 1,261,802 shares of The Coca-Cola Co which is valued at $56,932,506 after selling 21,996 shares in The Coca-Cola Co , the firm said in a disclosure report filed with the SEC on Jul 1, 2016.The Coca-Cola Co makes up approximately 4.63% of Cullinan Associates Inc’s portfolio.

Other Hedge Funds, Including , Toth Financial Advisory Corp reduced its stake in KO by selling 1,020 shares or 1.14% in the most recent quarter. The Hedge Fund company now holds 88,308 shares of KO which is valued at $3,984,457. The Coca-Cola Co makes up approx 1.22% of Toth Financial Advisory Corp’s portfolio.

The Coca-Cola Co closed down -0.21 points or -0.46% at $45.12 with 1,17,99,738 shares getting traded on Friday. Post opening the session at $45.32, the shares hit an intraday low of $45.07 and an intraday high of $45.41 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 .

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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