The Coca-Cola Co (KO) : Capstone Asset Management Co scooped up 31,361 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 Oct 12, 2016. The investment management firm now holds a total of 705,278 shares of The Coca-Cola Co which is valued at $29,297,248.The Coca-Cola Co makes up approximately 0.86% of Capstone Asset Management Co’s portfolio.
Other Hedge Funds, Including , Fox Run Management L.l.c. added KO to its portfolio by purchasing 8,500 company shares during the most recent quarter which is valued at $353,090. The Coca-Cola Co makes up approx 0.21% of Fox Run Management L.l.c.’s portfolio. Cutler Group Lp added KO to its portfolio by purchasing 26,150 company shares during the most recent quarter which is valued at $1,091,240. The Coca-Cola Co makes up approx 0.07% of Cutler Group Lp’s portfolio. Searle added KO to its portfolio by purchasing 5,508 company shares during the most recent quarter which is valued at $229,849. The Coca-Cola Co makes up approx 0.20% of Searle’s portfolio.Hudson Valley Investment Advisors Inc Adv reduced its stake in KO by selling 75 shares or 0.76% in the most recent quarter. The Hedge Fund company now holds 9,750 shares of KO which is valued at $406,868. The Coca-Cola Co makes up approx 0.13% of Hudson Valley Investment Advisors Inc Adv’s portfolio.E&g Advisors Lp reduced its stake in KO by selling 300 shares or 5.08% in the most recent quarter. The Hedge Fund company now holds 5,604 shares of KO which is valued at $233,855. The Coca-Cola Co makes up approx 0.14% of E&g Advisors Lp’s portfolio.
The Coca-Cola Co closed down -0.19 points or -0.46% at $41.54 with 1,22,49,060 shares getting traded on Tuesday. Post opening the session at $41.66, the shares hit an intraday low of $41.4 and an intraday high of $41.7 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.
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.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.