The stock of The Coca-Cola Co (NYSE:KO) is a huge mover today! About 3.38M shares traded hands. The Coca-Cola Co (NYSE:KO) has declined 7.30% since March 9, 2016 and is downtrending. It has underperformed by 14.71% the S&P500.
The move comes after 6 months positive chart setup for the $179.24B company. It was reported on Oct, 12 by Barchart.com. We have $69.26 PT which if reached, will make NYSE:KO worth $118.30 billion more.
Analysts await The Coca-Cola Co (NYSE:KO) to report earnings on October, 19. They expect $0.49 EPS, down 3.92% or $0.02 from last year’s $0.51 per share. KO’s profit will be $2.11B for 21.29 P/E if the $0.49 EPS becomes a reality. After $0.60 actual EPS reported by The Coca-Cola Co for the previous quarter, Wall Street now forecasts -18.33% negative EPS growth.
The Coca-Cola Co (NYSE:KO) Ratings Coverage
Out of 11 analysts covering Coca-Cola (NYSE:KO), 5 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 45% are positive. Coca-Cola has been the topic of 20 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Susquehanna on Friday, February 5. The firm has “Equal Weight” rating by Barclays Capital given on Friday, August 7. The stock of The Coca-Cola Co (NYSE:KO) has “Buy” rating given on Friday, February 5 by UBS. The firm earned “Hold” rating on Monday, August 24 by Vetr. The rating was upgraded by Vetr on Monday, August 31 to “Hold”. The company was upgraded on Tuesday, January 12 by Stifel Nicolaus. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, March 10. The firm has “Hold” rating given on Thursday, September 29 by Stifel Nicolaus. UBS maintained it with “Buy” rating and $49.0 target price in Thursday, October 22 report. The stock of The Coca-Cola Co (NYSE:KO) has “Neutral” rating given on Friday, September 16 by Credit Suisse.
According to Zacks Investment Research, “The Coca-Cola Company is the world’s largest beverage company and is the leading producer and marketer of soft drinks. Along with Coca-Cola, recognized as the world’s best-known brand, The Coca-Cola Company markets four of the world’s top five soft drink brands, including diet Coke, Fanta and Sprite. Through the world’s largest distribution system, consumers in nearly 200 countries enjoy The Coca-Cola Company’s products at a rate of more than 1 billion servings each day.”
Insitutional Activity: The institutional sentiment increased to 0.85 in Q2 2016. Its up 0.01, from 0.84 in 2016Q1. The ratio is positive, as 65 funds sold all The Coca-Cola Co shares owned while 625 reduced positions. 74 funds bought stakes while 513 increased positions. They now own 2.72 billion shares or 2.58% less from 2.79 billion shares in 2016Q1.
Edge Asset Management Inc last reported 0.61% of its portfolio in the stock. Violich Cap Management holds 1.32% or 92,598 shares in its portfolio. Karpas Strategies Limited Com, a New York-based fund reported 23,700 shares. Heritage Invsts Management owns 339,144 shares or 1.16% of their US portfolio. Donaldson Cap Ltd Liability last reported 14,478 shares in the company. Gamble Jones Counsel accumulated 0.86% or 173,358 shares. Mizuho Asset Coltd accumulated 0.45% or 54,701 shares. M&R Mngmt holds 0.45% or 33,939 shares in its portfolio. Bridges Counsel holds 45,127 shares or 0.31% of its portfolio. Schulhoff And Incorporated accumulated 2.61% or 92,763 shares. Amalgamated Bank & Trust owns 306,592 shares or 0.78% of their US portfolio. Hall Laurie J Trustee has 8,905 shares for 0.26% of their US portfolio. Barrett Asset Mgmt Limited Liability Company last reported 0.25% of its portfolio in the stock. Quest Management Inc Or has invested 0.76% of its portfolio in The Coca-Cola Co (NYSE:KO). Pathstone Family Office Lc holds 0.02% or 553 shares in its portfolio.
Insider Transactions: Since April 25, 2016, the stock had 0 insider purchases, and 2 insider sales for $3.46 million net activity. SMITH BRIAN JOHN also sold $2.22M worth of The Coca-Cola Co (NYSE:KO) on Thursday, May 19. The insider MARK LARRY M sold 28,000 shares worth $1.25 million.
More recent The Coca-Cola Co (NYSE:KO) news were published by: Fool.com which released: “Better Buy: The Walt Disney Company vs. The Coca-Cola Company” on October 03, 2016. Also Desmoinesregister.com published the news titled: “Coca-Cola Bottling in Atlantic to expand distribution territory” on October 01, 2016. Investorplace.com‘s news article titled: “Why The Coca-Cola Co Should Still Be In Your Portfolio (KO)” with publication date: September 23, 2016 was also an interesting one.
KO Company Profile
The Coca-Cola Company, incorporated on September 5, 1919, is a beverage company. The Firm owns or licenses and markets over 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. The Company’s divisions include Eurasia and Africa, Europe, Latin America, North America, Asia Pacific, Bottling Investments and Corporate. The Firm owns and markets a range of nonalcoholic sparkling beverage brands, including Coca-Cola, Diet Coke, Fanta and Sprite. The Firm markets, makes and sells beverage concentrates, which are referred to as beverage bases, and syrups, including fountain syrups (concentrate business or concentrate operations), and finished sparkling and still beverages (finished product business or finished product operations). The Firm makes its beverage products available to clients across the world through its network of Company-owned or -controlled bottling and distribution operations, as well as independent bottling partners, distributors, wholesalers and retailers.
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