Growth in these brands was partially offset by a 7% decline in Diet Coke. Approximately 0.6% of the shares of the company are sold short. The heightened volatility saw the trading volume jump to 1,084,327 shares.
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There are a number of sell-side research firms which offer projections on earnings and future direction of the stock. Analysts at Vetr downgraded shares of The Coca-Cola from a “strong-buy” rating to a “buy” rating and set a $43.27 price target on the stock in a research note on Wednesday. Analysts at Sterne Agee CRT initiated coverage on shares of The Coca-Cola in a research note on Monday. Coca Cola HBC AG has a consensus rating of “Hold” and a consensus target price of GBX 1,275.44 ($19.90). Finally, analysts at Barclays reiterated a “buy” rating and set a $47.00 price target (up previously from $46.00) on shares of The Coca-Cola in a research note on Tuesday, May 26th. Three equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. A total of 500 shares were purchased at an average price of $41.2. The stock’s 50-day moving average is GBX 1,380.73 and its 200-day moving average is GBX 1,275.14. The information is based on open market trades at the market prices.
The Coca-Cola (NYSE:KO) last released its earnings data on Wednesday, July 22nd. In the same period of the previous year, it reported EPS of $0.64 and revenue of $12.55 billion. Effective February 22, 2013, Coca-Cola Co acquired interest in Fresh Trading Ltd. In November 2013, Coca-Cola Company and ZICO Beverages LLC announced that Coca-Cola has acquired the ownership interest in ZICO. Coca-Cola has been following through a five-point strategy, which it announced earlier this year, to make an extra $1bn in productivity savings by 2016.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. With the volume soaring to 15,527,905 shares, the last trade was called at $40.9. Revenue in North America rose 3.5% to $5.92bn following a marketing drive and the introduction of smaller mini-cans that cost more on a per-ounce basis. The ex-dividend date of this dividend is Friday, September 11th.
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US drinks giant Coca-Cola is improving its performance largely because of its increased investment in high quality marketing, the company’s CEO has said. Its product portfolio also consists of Coca-Cola Light (LON:CCH), Coca-Cola Zero, Fanta and Sprite; water and juice brands that the Company owns, manufactures and distributes, including Amita, Avra, Deep RiverRock and Fruice, and iced tea and sports and energy brands licensed by other companies, such as Nestea and Monster.
