Schwab Charles Investment Management Inc buys $658,974,431 stake in The Coca-Cola Co (KO)

The Coca-Cola Co (KO) : Schwab Charles Investment Management Inc scooped up 1,215,490 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 Nov 14, 2016. The investment management firm now holds a total of 16,006,180 shares of The Coca-Cola Co which is valued at $658,974,431.The Coca-Cola Co makes up approximately 0.77% of Schwab Charles Investment Management Inc’s portfolio.

Other Hedge Funds, Including , Mission Wealth Management boosted its stake in KO in the latest quarter, The investment management firm added 81 additional shares and now holds a total of 17,184 shares of The Coca-Cola Co which is valued at $707,465. The Coca-Cola Co makes up approx 0.17% of Mission Wealth Management’s portfolio.Cibc World Markets boosted its stake in KO in the latest quarter, The investment management firm added 60,651 additional shares and now holds a total of 317,033 shares of The Coca-Cola Co which is valued at $13,324,897. The Coca-Cola Co makes up approx 0.06% of Cibc World Markets’s portfolio.Caz Investments Lp reduced its stake in KO by selling 2,210 shares or 4.71% in the most recent quarter. The Hedge Fund company now holds 44,720 shares of KO which is valued at $1,897,917. The Coca-Cola Co makes up approx 5.52% of Caz Investments Lp’s portfolio.Koshinski Asset Management boosted its stake in KO in the latest quarter, The investment management firm added 901 additional shares and now holds a total of 15,572 shares of The Coca-Cola Co which is valued at $648,885. The Coca-Cola Co makes up approx 0.32% of Koshinski Asset Management’s portfolio.

The Coca-Cola Co closed down -0.21 points or -0.51% at $40.91 with 1,63,45,262 shares getting traded on Monday. Post opening the session at $41.03, the shares hit an intraday low of $40.9 and an intraday high of $41.2 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, The Coca-Cola Co reported $0.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $0.48. The company had revenue of $10633.00 million for the quarter, compared to analysts expectations of $10524.52 million. The company’s revenue was down -6.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.51 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.

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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