Ibm Retirement Fund Lowers stake in The Coca-Cola Co (KO)

The Coca-Cola Co (KO) : Ibm Retirement Fund reduced its stake in The Coca-Cola Co by 0.04% during the most recent quarter end. The investment management company now holds a total of 514,775 shares of The Coca-Cola Co which is valued at $23,592,138 after selling 181 shares in The Coca-Cola Co , the firm said in a disclosure report filed with the SEC on Jul 21, 2016.The Coca-Cola Co makes up approximately 0.84% of Ibm Retirement Fund’s portfolio.

Other Hedge Funds, Including , Cibc World Markets boosted its stake in KO in the latest quarter, The investment management firm added 2,346 additional shares and now holds a total of 256,382 shares of The Coca-Cola Co which is valued at $11,749,987. The Coca-Cola Co makes up approx 0.05% of Cibc World Markets’s portfolio.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.Mai Capital Management boosted its stake in KO in the latest quarter, The investment management firm added 1,466 additional shares and now holds a total of 11,035 shares of The Coca-Cola Co which is valued at $503,527. The Coca-Cola Co makes up approx 0.04% of Mai Capital Management’s portfolio.Patton Albertson Miller Group reduced its stake in KO by selling 1,746 shares or 1.16% in the most recent quarter. The Hedge Fund company now holds 148,410 shares of KO which is valued at $6,788,273. The Coca-Cola Co makes up approx 2.98% of Patton Albertson Miller Group’s portfolio.Cohen Lawrence B reduced its stake in KO by selling 5,150 shares or 41.7% in the most recent quarter. The Hedge Fund company now holds 7,200 shares of KO which is valued at $326,736. The Coca-Cola Co makes up approx 0.19% of Cohen Lawrence B’s portfolio.

The Coca-Cola Co opened for trading at $43.27 and hit $43.69 on the upside on Thursday, eventually ending the session at $43.65, with a gain of 0.58% or 0.25 points. The heightened volatility saw the trading volume jump to 1,30,65,994 shares. Company has a market cap of $188,839 M.

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.

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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