The Coca-Cola Co (KO) : Carroll Financial Associates scooped up 923 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 18, 2016. The investment management firm now holds a total of 106,533 shares of The Coca-Cola Co which is valued at $4,848,317.The Coca-Cola Co makes up approximately 0.79% of Carroll Financial Associates’s portfolio.
Other Hedge Funds, Including , Regentatlantic Capital boosted its stake in KO in the latest quarter, The investment management firm added 116 additional shares and now holds a total of 15,310 shares of The Coca-Cola Co which is valued at $696,758. The Coca-Cola Co makes up approx 0.07% of Regentatlantic Capital’s portfolio.Lodestar Investment Counselil reduced its stake in KO by selling 300 shares or 0.2% in the most recent quarter. The Hedge Fund company now holds 149,011 shares of KO which is valued at $6,799,372. The Coca-Cola Co makes up approx 0.94% of Lodestar Investment Counselil’s portfolio.Marathon Asset Management Llp boosted its stake in KO in the latest quarter, The investment management firm added 49,359 additional shares and now holds a total of 2,667,137 shares of The Coca-Cola Co which is valued at $121,701,461. The Coca-Cola Co makes up approx 2.51% of Marathon Asset Management Llp’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.
The Coca-Cola Co closed down -0.12 points or -0.26% at $45.51 with 84,78,211 shares getting traded on Wednesday. Post opening the session at $45.75, the shares hit an intraday low of $45.39 and an intraday high of $45.77 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, The Coca-Cola Co reported $0.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $0.44. The company had revenue of $10282.00 million for the quarter, compared to analysts expectations of $10235.65 million. The company’s revenue was down -4.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.48 EPS.
Many Wall Street Analysts have commented on The Coca-Cola Co. Shares were Reiterated by UBS on Apr 21, 2016 to “Buy” and Lowered the Price Target to $ 51 from a previous price target of $52 .
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.