State Of Alaska Department Of Revenue buys $12,998,111 stake in The Coca-Cola Co (KO)

The Coca-Cola Co (KO) : State Of Alaska Department Of Revenue scooped up 13,610 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 19, 2016. The investment management firm now holds a total of 285,610 shares of The Coca-Cola Co which is valued at $12,998,111.The Coca-Cola Co makes up approximately 1.33% of State Of Alaska Department Of Revenue’s portfolio.

Other Hedge Funds, Including , Telemus Capital boosted its stake in KO in the latest quarter, The investment management firm added 23,124 additional shares and now holds a total of 48,620 shares of The Coca-Cola Co which is valued at $2,212,696. The Coca-Cola Co makes up approx 0.25% of Telemus Capital’s portfolio.Braver Wealth Management reduced its stake in KO by selling 1,408 shares or 22.49% in the most recent quarter. The Hedge Fund company now holds 4,852 shares of KO which is valued at $221,930. The Coca-Cola Co makes up approx 0.04% of Braver Wealth Management’s portfolio.American National Bank reduced its stake in KO by selling 1,438 shares or 13.87% in the most recent quarter. The Hedge Fund company now holds 8,928 shares of KO which is valued at $405,153. The Coca-Cola Co makes up approx 0.15% of American National Bank’s portfolio.Cohen Lawrence B reduced its stake in KO by selling 5,150 shares or 41.7% in the most recent quarter. The Hedge Fund company now holds 7,200 shares of KO which is valued at $326,736. The Coca-Cola Co makes up approx 0.19% of Cohen Lawrence B’s portfolio.Iowa State Bank boosted its stake in KO in the latest quarter, The investment management firm added 130 additional shares and now holds a total of 5,258 shares of The Coca-Cola Co which is valued at $238,608. The Coca-Cola Co makes up approx 0.12% of Iowa State Bank’s portfolio.

The Coca-Cola Co closed down -0.12 points or -0.26% at $45.51 with 84,78,211 shares getting traded on Wednesday. Post opening the session at $45.75, the shares hit an intraday low of $45.39 and an intraday high of $45.77 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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 Jul 21, 2016, The Coca-Cola Co announced a cash dividend of $0.3500. The company’s management has announced Sep 13, 2016 as the ex-dividend date and fixed the record date on Sep 15, 2016. The payable date has been fixed on Oct 3, 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 .

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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