Sadoff Investment Management Lowers stake in The Coca-Cola Co (KO)

The Coca-Cola Co (KO) : Sadoff Investment Management reduced its stake in The Coca-Cola Co by 20.52% during the most recent quarter end. The investment management company now holds a total of 33,623 shares of The Coca-Cola Co which is valued at $1,403,088 after selling 8,680 shares in The Coca-Cola Co , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.The Coca-Cola Co makes up approximately 0.16% of Sadoff Investment Management’s portfolio.

Other Hedge Funds, Including , Lynch Associatesin reduced its stake in KO by selling 2,298 shares or 2.51% in the most recent quarter. The Hedge Fund company now holds 89,261 shares of KO which is valued at $3,732,002. The Coca-Cola Co makes up approx 1.65% of Lynch Associatesin’s portfolio.Cullinan Associates Inc reduced its stake in KO by selling 106,500 shares or 8.44% in the most recent quarter. The Hedge Fund company now holds 1,155,302 shares of KO which is valued at $48,303,177. The Coca-Cola Co makes up approx 4.16% of Cullinan Associates Inc’s portfolio.

The Coca-Cola Co opened for trading at $41.83 and hit $41.94 on the upside on Friday, eventually ending the session at $41.73, with a gain of 0.05% or 0.02 points. The heightened volatility saw the trading volume jump to 81,22,809 shares. Company has a market cap of $180,108 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.

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 Company’s segments include Eurasia and Africa Europe Latin America North America Asia Pacific Bottling Investments and Corporate.

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