The stock of The Coca-Cola Co (NYSE:KO) hit a new 52-week low and has $38.81 target or 5.00% below today’s $40.85 share price. The 9 months bearish chart indicates high risk for the $170.64B company. The 1-year low was reported on Nov, 11 by Barchart.com. If the $38.81 price target is reached, the company will be worth $8.53B less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 1.76M shares traded hands. The Coca-Cola Co (NYSE:KO) has declined 11.84% since April 11, 2016 and is downtrending. It has underperformed by 17.99% the S&P500.
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. $54.0 is the highest target while $37 is the lowest. The $45.92 average target is 12.41% above today’s ($40.85) stock price. Coca-Cola has been the topic of 20 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by Susquehanna given on Tuesday, March 15. RBC Capital Markets maintained the shares of KO in a report on Thursday, March 10 with “Outperform” rating. Deutsche Bank maintained the shares of KO in a report on Friday, September 25 with “Buy” rating. Vetr upgraded The Coca-Cola Co (NYSE:KO) on Monday, August 31 to “Hold” rating. Susquehanna upgraded the shares of KO in a report on Friday, February 5 to “Neutral” rating. Stifel Nicolaus downgraded the shares of KO in a report on Thursday, September 29 to “Hold” rating. The stock of The Coca-Cola Co (NYSE:KO) has “Buy” rating given on Thursday, April 21 by UBS. On Thursday, October 22 the stock rating was maintained by UBS with “Buy”. Vetr upgraded the stock to “Hold” rating in Monday, August 24 report. The rating was maintained by Citigroup on Thursday, April 21 with “Buy”.
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.
Gideon Capital holds 0.68% or 25,861 shares in its portfolio. Sol Cap holds 0.08% of its portfolio in The Coca-Cola Co (NYSE:KO) for 5,349 shares. Ally Fincl Inc reported 55,000 shares or 0.42% of all its holdings. Moreover, Golub Grp Limited Liability has 0.07% invested in The Coca-Cola Co (NYSE:KO) for 15,732 shares. First Midwest Comml Bank Division last reported 72,286 shares in the company. Fic owns 43,798 shares or 0.94% of their US portfolio. Wagner Bowman Mgmt has invested 0.87% of its portfolio in The Coca-Cola Co (NYSE:KO). American Research & Mngmt has invested 0.83% of its portfolio in The Coca-Cola Co (NYSE:KO). Moreover, Clarkston Cap Partners Lc has 0.03% invested in The Coca-Cola Co (NYSE:KO) for 13,467 shares. Cliftonlarsonallen Wealth holds 55,313 shares or 0.36% of its portfolio. Veritable Lp accumulated 0.32% or 280,932 shares. Cambridge Advsr Inc has 0.17% invested in the company for 8,039 shares. Allen Limited Liability has invested 3.73% of its portfolio in The Coca-Cola Co (NYSE:KO). Cibc Asset has invested 0.15% of its portfolio in The Coca-Cola Co (NYSE:KO). Zevin Asset Mngmt Ltd Liability Co, a Massachusetts-based fund reported 4,644 shares.
Insider Transactions: Since May 19, 2016, the stock had 0 insider purchases, and 3 selling transactions for $4.12 million net activity. The insider Waller Kathy N sold 36,342 shares worth $1.53M. 50,000 shares were sold by SMITH BRIAN JOHN, worth $2.22M on Thursday, May 19. Goepelt Bernhard also sold $373,370 worth of The Coca-Cola Co (NYSE:KO) shares.
More recent The Coca-Cola Co (NYSE:KO) news were published by: Investorplace.com which released: “The Coca-Cola Co (KO) Debuts Coke Ginger” on October 31, 2016. Also Valuewalk.com published the news titled: “The Coca-Cola Co, Comcast Corporation Beat Earnings Estimates” on October 26, 2016. Seekingalpha.com‘s news article titled: “Coca-Cola Co./Pepsico Inc.: Two Dividend Income, Defensive Companies – Should …” with publication date: October 18, 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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