The Coca-Cola Co (KO) : Allegis Investment Advisors scooped up 6,996 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 Aug 8, 2016. The investment management firm now holds a total of 30,380 shares of The Coca-Cola Co which is valued at $1,329,125.The Coca-Cola Co makes up approximately 0.64% of Allegis Investment Advisors’s portfolio.
Other Hedge Funds, Including , Public Employees Retirement Association Of Colorado reduced its stake in KO by selling 50,310 shares or 5.56% in the most recent quarter. The Hedge Fund company now holds 854,315 shares of KO which is valued at $37,273,763. The Coca-Cola Co makes up approx 0.30% of Public Employees Retirement Association Of Colorado’s portfolio.Seaward Management Limited Partnership reduced its stake in KO by selling 13,006 shares or 4.41% in the most recent quarter. The Hedge Fund company now holds 282,132 shares of KO which is valued at $12,244,529. The Coca-Cola Co makes up approx 0.65% of Seaward Management Limited Partnership’s portfolio.Longer Investments reduced its stake in KO by selling 21 shares or 0.06% in the most recent quarter. The Hedge Fund company now holds 36,969 shares of KO which is valued at $1,682,459. The Coca-Cola Co makes up approx 1.79% of Longer Investments’s portfolio.Stewart Patten Co reduced its stake in KO by selling 2,335 shares or 0.53% in the most recent quarter. The Hedge Fund company now holds 436,027 shares of KO which is valued at $19,843,589. The Coca-Cola Co makes up approx 3.78% of Stewart Patten Co’s portfolio.
The Coca-Cola Co opened for trading at $44.1 and hit $44.33 on the upside on Monday, eventually ending the session at $44.24, with a gain of 0.48% or 0.21 points. The heightened volatility saw the trading volume jump to 1,03,90,642 shares. Company has a market cap of $190,941 M.
On the company’s financial health, The Coca-Cola Co reported $0.60 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.58. The company had revenue of $11539.00 million for the quarter, compared to analysts expectations of $11629.87 million. The company’s revenue was down -5.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.63 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 Stifel on Jul 28, 2016 to “Buy” and Lowered the Price Target to $ 50 from a previous price target of $54 .
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.