The Coca-Cola Co (KO) : Maple Securities Usa Inc has sold out all of its stake in The Coca-Cola Co during the most recent quarter, according to the disclosure filed by the company on Jul 13, 2016 with the SEC. The investment management company has sold out 37,272 shares of The Coca-Cola Co which is valued at $1,704,821.
Other Hedge Funds, Including , North Star Investment Management Corp. reduced its stake in KO by selling 144 shares or 0.6% in the most recent quarter. The Hedge Fund company now holds 23,706 shares of KO which is valued at $1,084,312. The Coca-Cola Co makes up approx 0.19% of North Star Investment Management Corp.’s portfolio.Cue Financial Group reduced its stake in KO by selling 550 shares or 6.96% in the most recent quarter. The Hedge Fund company now holds 7,354 shares of KO which is valued at $336,372. The Coca-Cola Co makes up approx 0.28% of Cue Financial Group’s portfolio.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.Bnp Paribas Arbitrage Sa boosted its stake in KO in the latest quarter, The investment management firm added 345,810 additional shares and now holds a total of 2,099,270 shares of The Coca-Cola Co which is valued at $95,264,873. The Coca-Cola Co makes up approx 0.42% of Bnp Paribas Arbitrage Sa’s portfolio.
The Coca-Cola Co (KO) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $45.69 and reached the intraday high at $45.7. The bulls started the profit booking and pushed the shares to intraday low of $45.48. The trading session was marked by a volume range of 79,58,371 shares exchanging hands. The 52-week high of the shares is $47.13 and the 52-week low is $36.56. The market cap of the company stands at $197,404 M and there are 4,32,61,98,700 shares in public circulation.
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.