Canandaigua National Bank Trust Co buys $3,877,530 stake in The Coca-Cola Co (KO)

The Coca-Cola Co (KO) : Canandaigua National Bank Trust Co scooped up 78 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 26, 2016. The investment management firm now holds a total of 89,344 shares of The Coca-Cola Co which is valued at $3,877,530.The Coca-Cola Co makes up approximately 1.10% of Canandaigua National Bank Trust Co’s portfolio.

Other Hedge Funds, Including , Patriot Wealth Management boosted its stake in KO in the latest quarter, The investment management firm added 3,711 additional shares and now holds a total of 168,748 shares of The Coca-Cola Co which is valued at $7,323,663. The Coca-Cola Co makes up approx 1.40% of Patriot Wealth Management’s portfolio.Vontobel Asset Management Inc reduced its stake in KO by selling 329,145 shares or 4.33% in the most recent quarter. The Hedge Fund company now holds 7,276,241 shares of KO which is valued at $332,815,263. The Coca-Cola Co makes up approx 2.72% of Vontobel Asset Management Inc’s portfolio.Gulf International Bank (uk) Ltd reduced its stake in KO by selling 500 shares or 0.04% in the most recent quarter. The Hedge Fund company now holds 1,239,633 shares of KO which is valued at $56,700,813. The Coca-Cola Co makes up approx 0.93% of Gulf International Bank (uk) Ltd’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 closed down -0.02 points or -0.05% at $43.63 with 1,65,30,511 shares getting traded on Friday. Post opening the session at $43.72, the shares hit an intraday low of $43.48 and an intraday high of $43.75 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 Company’s segments include Eurasia and Africa Europe Latin America North America Asia Pacific Bottling Investments and Corporate.

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