Technical indicators show a 50 day moving average of 42.03. According to Zacks, The Coca-Cola Co has a consensus rating of 2.15.
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Coca-Cola (NYSE:KO) traded down 1.58% during trading on Friday, hitting $42.43.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th.
We’ve also learned that Coca Cola Bottling Company Consolidated will report its next earnings on March 2, 2016.
Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Wednesday, October 21st. With a 10-days average volume of 12.54 million shares, the number of days required to cover the short positions stand at 0.1 day.
Verizon Communications Inc. (NYSE:VZ) jumped 0.46% and is at $45.59 in the Real-Time trading session. This represents a 13.51% change for the EPS reported for the same quarter in the prior year. This equates to the consensus earnings growth estimate for the last 12 months, and should not be mistaken for a long term growth estimate. Sell-side brokerages had anticipated earnings of 0.5, a difference of 0.01, to the actual reported number. The company has total market capitalization of $184.00 billion and a total of 4.35 billion outstanding shares. Following the completion of the transaction, the insider now owns 20,947 shares of the company’s stock, valued at $886,058.10. Among the 6 analysts who were surveyed, the consensus expectation for quarterly sales had been 11608.441.
Coca Cola Bottling Co Consolidated (NASDAQ:COKE) hedge funds sentiment increased to 1.32 in Q2 2015.
The new sparkling water signals an important step in Coca-Cola’s plan for the future, which is less focused on soda and more on creating a diverse portfolio of beverages. Sales of sparkling beverages were approximately 82% of total net sales during the fiscal year ended December 30, 2012 (fiscal 2012).
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2016 will be a big year for smartwater sparkling as it will become available in more packages and sizes and will expand into additional markets throughout the country. It also holds Still Beverage Agreements, under which it distributes and markets in certain regions still beverages of The Coca-Cola Company, such as POWERade, vitaminwater and Minute Maid Juices To Go and produces, distributes and markets Dasani water products. It owns and promotes a variety of nonalcoholic sparkling beverage brands, for example Sprite, Diet Coke, Fanta and Coca Cola. The Firm’s sections comprise Africa, Europe and Eurasia, Latin America, North America, Asia Pacific, Bottling Investments and Corporate. 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.
