The Coca-Cola Co (KO) : Capital International Investors scooped up 588,043 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 Nov 14, 2016. The investment management firm now holds a total of 38,223,601 shares of The Coca-Cola Co which is valued at $1,568,314,349.The Coca-Cola Co makes up approximately 2.28% of Capital International Investors’s portfolio.
Other Hedge Funds, Including , Gagnon Securities reduced its stake in KO by selling 44 shares or 0.55% in the most recent quarter. The Hedge Fund company now holds 7,927 shares of KO which is valued at $326,355. The Coca-Cola Co makes up approx 0.12% of Gagnon Securities’s portfolio.Intrust Bank Na reduced its stake in KO by selling 1,263 shares or 3.53% in the most recent quarter. The Hedge Fund company now holds 34,513 shares of KO which is valued at $1,465,422. The Coca-Cola Co makes up approx 0.59% of Intrust Bank Na’s portfolio.Girard Partners Ltd. boosted its stake in KO in the latest quarter, The investment management firm added 3,703 additional shares and now holds a total of 56,462 shares of The Coca-Cola Co which is valued at $2,353,901. The Coca-Cola Co makes up approx 0.82% of Girard Partners Ltd.’s portfolio.Taylor Wealth Management Partners reduced its stake in KO by selling 70 shares or 2.36% in the most recent quarter. The Hedge Fund company now holds 2,900 shares of KO which is valued at $123,076. The Coca-Cola Co makes up approx 0.06% of Taylor Wealth Management Partners’s portfolio.Smith Chas P Associates Pa Cpas boosted its stake in KO in the latest quarter, The investment management firm added 6,525 additional shares and now holds a total of 402,796 shares of The Coca-Cola Co which is valued at $16,756,314. The Coca-Cola Co makes up approx 2.84% of Smith Chas P Associates Pa Cpas’s portfolio.
The Coca-Cola Co closed down -0.21 points or -0.51% at $40.91 with 1,63,45,262 shares getting traded on Monday. Post opening the session at $41.03, the shares hit an intraday low of $40.9 and an intraday high of $41.2 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, The Coca-Cola Co reported $0.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $0.48. The company had revenue of $10633.00 million for the quarter, compared to analysts expectations of $10524.52 million. The company’s revenue was down -6.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.51 EPS.
Many Wall Street Analysts have commented on The Coca-Cola Co. Credit Suisse Initiated The Coca-Cola Co on Sep 16, 2016 to “Neutral”, Price Target of the shares are set at $44.
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.