The Coca-Cola Co (KO) : Blackrock Group Ltd scooped up 345,843 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 10, 2016. The investment management firm now holds a total of 33,696,119 shares of The Coca-Cola Co which is valued at $1,483,640,120.The Coca-Cola Co makes up approximately 0.74% of Blackrock Group Ltd’s portfolio.
Other Hedge Funds, Including , Birinyi Associates Inc boosted its stake in KO in the latest quarter, The investment management firm added 750 additional shares and now holds a total of 19,500 shares of The Coca-Cola Co which is valued at $858,585. The Coca-Cola Co makes up approx 0.35% of Birinyi Associates Inc’s portfolio.Kalos Management boosted its stake in KO in the latest quarter, The investment management firm added 1,928 additional shares and now holds a total of 8,530 shares of The Coca-Cola Co which is valued at $372,249. The Coca-Cola Co makes up approx 0.28% of Kalos Management’s portfolio.Insight Capital Research Management Inc reduced its stake in KO by selling 8,445 shares or 15.14% in the most recent quarter. The Hedge Fund company now holds 47,320 shares of KO which is valued at $2,053,688. The Coca-Cola Co makes up approx 0.68% of Insight Capital Research Management Inc’s portfolio.Boston Advisors boosted its stake in KO in the latest quarter, The investment management firm added 3,050 additional shares and now holds a total of 43,989 shares of The Coca-Cola Co which is valued at $1,909,123. The Coca-Cola Co makes up approx 0.05% of Boston Advisors’s portfolio.Sumitomo Life Insurance Co reduced its stake in KO by selling 29,630 shares or 17.47% in the most recent quarter. The Hedge Fund company now holds 139,991 shares of KO which is valued at $6,387,789. The Coca-Cola Co makes up approx 0.85% of Sumitomo Life Insurance Co’s portfolio.
The Coca-Cola Co closed down -0.18 points or -0.41% at $43.92 with 93,85,920 shares getting traded on Friday. Post opening the session at $44.05, the shares hit an intraday low of $43.74 and an intraday high of $44.06 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 $0.60 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.