The Coca-Cola Co (KO) was Initiated by Credit Suisse to “Neutral” and the brokerage firm has set the Price Target at $44. Credit Suisse advised their investors in a research report released on Sep 16, 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 .
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.
The Coca-Cola Co closed down -0.17 points or -0.40% at $42.11 with 9,823,933 shares getting traded on Wednesday. Post opening the session at $42.27, the shares hit an intraday low of $41.99 and an intraday high of $42.41 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Jun 22, 2016, J Alexander Jr Douglas (Executive Vice President) sold 572,748 shares at $45.25 per share price. According to the SEC, on Apr 26, 2016, Larry M Mark (Vice President, Controller) sold 28,000 shares at $44.52 per share price. On Apr 7, 2016, Brent Hastie (Senior Vice President) sold 18,670 shares at $46.60 per share price, according to the Form-4 filing with the securities and exchange commission.
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.