The Coca-Cola Co (KO) : Vontobel Asset Management Inc reduced its stake in The Coca-Cola Co by 4.33% during the most recent quarter end. The investment management company now holds a total of 7,276,241 shares of The Coca-Cola Co which is valued at $332,815,263 after selling 329,145 shares in The Coca-Cola Co , the firm said in a disclosure report filed with the SEC on Jul 12, 2016.The Coca-Cola Co makes up approximately 2.72% of Vontobel Asset Management Inc’s portfolio.
Other Hedge Funds, Including , Stuart Chaussee Associates boosted its stake in KO in the latest quarter, The investment management firm added 10,200 additional shares and now holds a total of 14,925 shares of The Coca-Cola Co which is valued at $682,670. The Coca-Cola Co makes up approx 0.56% of Stuart Chaussee Associates’s portfolio.Community Trust Investment Co reduced its stake in KO by selling 520 shares or 0.8% in the most recent quarter. The Hedge Fund company now holds 64,565 shares of KO which is valued at $2,953,203. The Coca-Cola Co makes up approx 0.37% of Community Trust Investment Co’s portfolio.Lgt Capital Partners Ltd. reduced its stake in KO by selling 51,850 shares or 21.77% in the most recent quarter. The Hedge Fund company now holds 186,360 shares of KO which is valued at $8,524,106. The Coca-Cola Co makes up approx 1.44% of Lgt Capital Partners Ltd.’s portfolio.Beacon Capital Management reduced its stake in KO by selling 1,208 shares or 35.85% in the most recent quarter. The Hedge Fund company now holds 2,162 shares of KO which is valued at $98,112. The Coca-Cola Co makes up approx 0.01% of Beacon Capital Management’s portfolio.
The Coca-Cola Co closed down -0.06 points or -0.13% at $45.63 with 1,06,20,966 shares getting traded on Friday. Post opening the session at $45.88, the shares hit an intraday low of $45.44 and an intraday high of $45.9 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 .
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.