Oppenheimer Co Inc Lowers stake in The Coca-Cola Co (KO)

The Coca-Cola Co (KO) : Oppenheimer Co Inc reduced its stake in The Coca-Cola Co by 3.45% during the most recent quarter end. The investment management company now holds a total of 691,377 shares of The Coca-Cola Co which is valued at $30,247,744 after selling 24,732 shares in The Coca-Cola Co , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.The Coca-Cola Co makes up approximately 0.87% of Oppenheimer Co Inc’s portfolio.

Other Hedge Funds, Including , Private Capital Management Inc reduced its stake in KO by selling 100 shares or 0.51% in the most recent quarter. The Hedge Fund company now holds 19,400 shares of KO which is valued at $843,512. The Coca-Cola Co makes up approx 0.80% of Private Capital Management Inc’s portfolio. Pinnacle Advisory Group sold out all of its stake in KO during the most recent quarter. The investment firm sold 6,118 shares of KO which is valued $266,011.Cutter Co Brokerage reduced its stake in KO by selling 32 shares or 0.6% in the most recent quarter. The Hedge Fund company now holds 5,275 shares of KO which is valued at $230,201. The Coca-Cola Co makes up approx 0.10% of Cutter Co Brokerage’s portfolio.Trust Department Mb Financial Bank N A reduced its stake in KO by selling 1,086 shares or 9.28% in the most recent quarter. The Hedge Fund company now holds 10,614 shares of KO which is valued at $484,317. The Coca-Cola Co makes up approx 0.05% of Trust Department Mb Financial Bank N A’s portfolio.

The Coca-Cola Co opened for trading at $44.1 and hit $44.33 on the upside on Monday, eventually ending the session at $44.24, with a gain of 0.48% or 0.21 points. The heightened volatility saw the trading volume jump to 1,03,90,642 shares. Company has a market cap of $190,941 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.

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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