The stock of The Coca-Cola Co (NYSE:KO) hit a new 52-week low and has $37.17 target or 7.00% below today’s $39.97 share price. The 6 months bearish chart indicates high risk for the $169.04B company. The 1-year low was reported on Dec, 1 by Barchart.com. If the $37.17 price target is reached, the company will be worth $11.83B 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 2.27 million shares traded hands. The Coca-Cola Co (NYSE:KO) has declined 9.59% since April 28, 2016 and is downtrending. It has underperformed by 15.52% the S&P500.
Analysts await The Coca-Cola Co (NYSE:KO) to report earnings on February, 14. They expect $0.37 earnings per share, down 2.63% or $0.01 from last year’s $0.38 per share. KO’s profit will be $1.56B for 27.01 P/E if the $0.37 EPS becomes a reality. After $0.49 actual earnings per share reported by The Coca-Cola Co for the previous quarter, Wall Street now forecasts -24.49% 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 Tuesday, March 15. The firm has “Neutral” rating by Credit Suisse given on Friday, September 16. Vetr upgraded it to “Hold” rating and $42.01 target price in Monday, August 24 report. The stock of The Coca-Cola Co (NYSE:KO) has “Buy” rating given on Tuesday, July 21 by Sterne Agee CRT. UBS maintained The Coca-Cola Co (NYSE:KO) rating on Thursday, April 21. UBS has “Buy” rating and $51 price target. UBS maintained it with “Buy” rating and $49.0 target price in Thursday, October 22 report. Goldman Sachs maintained The Coca-Cola Co (NYSE:KO) rating on Thursday, April 21. Goldman Sachs has “Neutral” rating and $47 price target. Citigroup maintained it with “Buy” rating and $50 target price in Thursday, April 21 report. The firm has “Neutral” rating given on Wednesday, June 29 by Goldman Sachs. The company was downgraded on Friday, August 28 by Vetr.
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 0.88 in Q2 2016. Its up 0.03, from 0.85 in 2016Q1. The ratio increased, 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.
Drexel Morgan And last reported 32,487 shares in the company. Carnegie Cap Asset Mgmt Limited Liability Company holds 0.24% or 39,087 shares in its portfolio. Hrt Fincl Limited Company has invested 0.13% of its portfolio in The Coca-Cola Co (NYSE:KO). Swiss National Bank & Trust, a Switzerland-based fund reported 12.84 million shares. The New York-based Asset Management Incorporated has invested 0.49% in The Coca-Cola Co (NYSE:KO). Montag A And Associate holds 1.74% or 290,432 shares in its portfolio. The Oregon-based Mengis Cap Management has invested 0.19% in The Coca-Cola Co (NYSE:KO). Univest Of Pennsylvania, a Pennsylvania-based fund reported 84,702 shares. Atwood & Palmer Inc has 0.1% invested in the company for 11,898 shares. The Missouri-based Benjamin F Edwards has invested 0.25% in The Coca-Cola Co (NYSE:KO). Bluefin Trading Limited Liability Com last reported 56,049 shares in the company. Retail Bank Of Nova Scotia Tru last reported 0.47% of its portfolio in the stock. Court Place Lc has 24,658 shares for 0.65% of their US portfolio. Carlton Hofferkamp And Jenks Wealth Mngmt Limited Liability owns 10,593 shares or 0.38% of their US portfolio. Overbrook Management Corp last reported 0.21% of its portfolio in the stock.
Insider Transactions: Since November 3, 2016, the stock had 0 buys, and 2 insider sales for $1.90 million net activity. Waller Kathy N sold $1.53 million worth of stock or 36,342 shares. Another trade for 8,943 shares valued at $373,370 was made by Goepelt Bernhard on Friday, November 4.
More important recent The Coca-Cola Co (NYSE:KO) news were published by: Wsj.com which released: “Coca-Cola Opens Gaza Strip Bottling Factory” on November 30, 2016, also Investorplace.com published article titled: “The Coca-Cola Co (KO) Debuts Coke Ginger”, Wsj.com published: “Coca-Cola Earnings: What to Watch” on October 25, 2016. More interesting news about The Coca-Cola Co (NYSE:KO) was released by: Fool.com and their article: “The Coca-Cola Co v2.0: Smaller Company, Bigger Brand Portfolio” with publication date: July 27, 2016.
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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