The move is part of Coca-Cola's drive to boost top-line growth through innovation and reformulation. Coca-Cola's sales are getting affected by declining demand in certain emerging and developing markets and shift in consumer preference. Weakness abroad and the impact of a strong USA dollar dragged on Coke's revenues, as over half of its business comes from overseas. "Meanwhile, shares have underperformed the broader market since the beginning of the year".
Several other hedge funds and other institutional investors have also recently made changes to their positions in KO. Chicago-based equity research firm Zacks Investment Research has assigned this stock ABR (Average Brokerage Recommendation) of 2.67, suggesting the market has given up on the stock. Finally, Morgan Stanley reiterated an "equal weight" rating and set a $44.00 price target (up from $42.00) on shares of The Coca-Cola in a research note on Wednesday. JPMorgan Chase & Co. initiated coverage on The Coca-Cola in a research report on Tuesday, March 21st.
Another critical number in evaluating a stock is P/E or the price to earnings ratio. The stock has a consensus rating of "Hold" and a consensus price target of $44.24.
Shares of The Coca-Cola (NYSE:KO) traded up 0.37% during midday trading on Friday, reaching $43.27. The stock touched its high share price of $47.13 on April 11, 2016 and the stock also touched its Lowest price in the last 52-weeks of trading on Dec 1, 2016 as $39.88.
Currently, the market capitalization of The Coca-Cola Company (KO) is 185.03 Billion. The Coca-Cola has a 1-year low of $39.88 and a 1-year high of $46.01.
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The Coca-Cola Company (KO) closed 3.13% above its 200-day moving average and is 2.53% above another chart threshold, its 50-day moving average. The Coca-Cola also saw unusually large options trading on Monday. The return on invested capital at 10.2%, which is good, compared to its peers. This is an increase of 139% compared to the average volume of 4,494 put options. The analysts offering Earnings Estimates for the company were believing that The Coca-Cola Company (KO) could bring EPS of $0.37/share.
The soft drink company reported earnings that fell 20% year-over-year on a Tuesday call, while revenue took an 11% hit compared to the same period a year ago. The Coca-Cola's revenue for the quarter was down 11.3% compared to the same quarter previous year. Equities analysts anticipate that The Coca-Cola Co will post $1.88 EPS for the current year. If you are accessing this report on another site, it was illegally stolen and republished in violation of United States & worldwide trademark & copyright law. The original version of this news story can be read at https://www.chaffeybreeze.com/2017/04/26/rocky-mountain-advisers-llc-has-202000-stake-in-the-coca-cola-co-ko-updated.html.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 3rd. Investors of record on Wednesday, March 15th were issued a $0.37 dividend.
The stock now has its Annual Dividend of $1.48 and an annual Dividend Yield of 3.49 Percent.
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