The Coca-Cola Company (KO) Posts Quarterly Results
The Coca-Cola Company (NYSE:KO) announced its earnings results on Tuesday. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by $0.01, AmericanBankingNews.com reports. The company had revenue of $10.58 billion for the quarter, compared to the consensus estimate of $10.61 billion.
Several analysts have recently commented on the stock. Analysts at BTIG Research initiated coverage on shares of The Coca-Cola Company in a research note on Monday, April 7th. They set a “buy” rating and a $48.00 price target on the stock. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of The Coca-Cola Company in a research note on Thursday, March 27th. They now have a $41.00 price target on the stock. Finally, analysts at UBS AG initiated coverage on shares of The Coca-Cola Company in a research note on Monday, March 3rd. They set a “neutral” rating and a $40.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $43.77.
The Coca-Cola Company (NYSE:KO) opened at 38.73 on Tuesday. The Coca-Cola Company has a 52 week low of $36.83 and a 52 week high of $43.43. The stock has a 50-day moving average of $38.41 and a 200-day moving average of $38.98. The company has a market cap of $170.6 billion and a price-to-earnings ratio of 20.33. The Coca-Cola Company also was the recipient of unusually large options trading on Monday. Investors bought 29,011 call options on the company. This represents an increase of 232% compared to the typical volume of 8,741 call options.
The Coca-Cola Company is a beverage company. The Company owns or licenses and markets more than 500 nonalcoholic beverage brands, primarily sparkling beverages but also a variety of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks.
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