Warren Averett Asset Management Lowers stake in The Coca-Cola Co (KO)

The Coca-Cola Co (KO) : Warren Averett Asset Management reduced its stake in The Coca-Cola Co by 0.33% during the most recent quarter end. The investment management company now holds a total of 22,318 shares of The Coca-Cola Co which is valued at $1,020,825 after selling 74 shares in The Coca-Cola Co , the firm said in a disclosure report filed with the SEC on Jul 13, 2016.The Coca-Cola Co makes up approximately 0.45% of Warren Averett Asset Management’s portfolio.

Other Hedge Funds, Including , Maple Securities Usa Inc sold out all of its stake in KO during the most recent quarter. The investment firm sold 37,272 shares of KO which is valued $1,704,821.Davenport Co boosted its stake in KO in the latest quarter, The investment management firm added 7,124 additional shares and now holds a total of 1,307,553 shares of The Coca-Cola Co which is valued at $59,807,474. The Coca-Cola Co makes up approx 0.89% of Davenport Co’s portfolio.Firstmerit Bank N A Trustee reduced its stake in KO by selling 5,631 shares or 1.98% in the most recent quarter. The Hedge Fund company now holds 279,169 shares of KO which is valued at $12,769,190. The Coca-Cola Co makes up approx 1.01% of Firstmerit Bank N A Trustee’s portfolio.Benjamin F. Edwards Company boosted its stake in KO in the latest quarter, The investment management firm added 1,955 additional shares and now holds a total of 28,724 shares of The Coca-Cola Co which is valued at $1,313,836. The Coca-Cola Co makes up approx 0.25% of Benjamin F. Edwards Company’s portfolio.Hollencrest Securities reduced its stake in KO by selling 128,686 shares or 89.08% in the most recent quarter. The Hedge Fund company now holds 15,783 shares of KO which is valued at $716,233. The Coca-Cola Co makes up approx 0.11% of Hollencrest Securities’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 Company’s segments include Eurasia and Africa Europe Latin America North America Asia Pacific Bottling Investments and Corporate.

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