The Coca-Cola Co (KO) was Reiterated by UBS to “Buy” while Lowering the Price Target of the company shares to $ 51 from a previous price target of $52 . UBS advised their investors in a research report released on Apr 21, 2016.
Many Wall Street Analysts have commented on The Coca-Cola Co. Company shares were Reiterated by UBS on Apr 4, 2016 to “Buy”, Firm has raised the Price Target to $ 52 from a previous price target of $49 .Company shares were Reiterated by RBC Capital Mkts on Mar 10, 2016 to “Outperform”, Firm has raised the Price Target to $ 51 from a previous price target of $47 .The Coca-Cola Co was Downgraded by Sterne Agee CRT to ” Neutral” on Feb 26, 2016.
On the company’s financial health, The Coca-Cola Co reported $0.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $0.44. The company had revenue of $10282.00 million for the quarter, compared to analysts expectations of $10235.65 million. The company’s revenue was down -4.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.48 EPS.
The Coca-Cola Co opened for trading at $46.13 and hit $46.28 on the upside on Monday, eventually ending the session at $46.22, with a gain of 0.26% or 0.12 points. The heightened volatility saw the trading volume jump to 1,15,38,098 shares. Company has a market cap of $200,109 M.
In a different news, on Apr 12, 2016, J Alexander Jr Douglas (Executive Vice President) sold 80,000 shares at $46.95 per share price. According to the SEC, on Apr 7, 2016, Brent Hastie (Senior Vice President) sold 18,670 shares at $46.60 per share price. On Mar 30, 2016, Ed Hays (Senior Vice President) sold 29,818 shares at $46.00 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.