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Published: Mon, May 14, 2018
Economy | By Melissa Porter

Diet Coke revamp adds flavour to Coca-Cola results

Diet Coke revamp adds flavour to Coca-Cola results

The company, which released its global quarterly earnings on Tuesday, said that growth in India and China in the January-March period outpaced more developed markets such as Japan and Australia. It's up 2.14, from 0.86 in 2017Q3.

The company's Average Earnings Estimate for the Current Fiscal quarter is $0.63, according to consensus of 19 analysts. By looking at the Volatility of the company, Week Volatility is at 1.28%, whereas Month Volatility stands at 2.09%. Canandaigua Savings Bank holds 0.7% or 84,672 shares. Bislett Ltd Limited Liability Company holds 3.99% or 150,000 shares in its portfolio. COKE underperformed by 25.01% the S&P 500. The stock of The Coca-Cola Company (NYSE:KO) earned "Buy" rating by Bank of America on Monday, October 9. Assetmark owns 9,813 shares or 0% of their United States portfolio. $1.07M worth of The Coca-Cola Company (NYSE:KO) shs were sold by Waller Kathy N. MURPHY JOHN had sold 14,129 shs worth $631,572. The stock tapped a 52-week high of US$58.45 while the mean 12-month price target for the shares is US$55. Moreover, Blackrock Inc. has 0% invested in the company for 4,342 shares. LVW Advisors LLC now owns 76,848 shares of the company's stock worth $3,526,000 after buying an additional 6,357 shares during the last quarter. Vetr upgraded The Coca-Cola Company (NYSE:KO) rating on Monday, August 24.

Since January 16, 2018, it had 0 insider buys, and 5 selling transactions for $6.52 million activity. This means that the higher growth rate of KO implies a greater potential for capital appreciation over the years. In recent years, Coca-Cola has bought or taken stakes in brands such as Honest Tea, the organic tea brand, Suja Life, a cold-pressed juice maker, and AdeS, a soya-based beverage brand. Coca-Cola FEMSA, S.A.B.de C.V. (NYSE:KOF) has declined 11.72% since April 24, 2017 and is downtrending. Credit Agricole S A holds 0.01% or 4,661 shares. The share price has moved forward from its 20 days moving average, trading at a distance of 0.44% and stays 0.41% away from its 50 days moving average.

In 2015, Coca-Cola purchased 17 percent of energy drink maker Monster Beverage in a $2 billion mega-deal; in 2016, the company sealed an agreement with Dunkin' Donuts to produce and distribute the brand's bottled iced coffee; and in March previous year, Coca-Cola acquired Unilever's AdeS plant-based beverage business. As per Friday, October 14, the company rating was maintained by Barclays Capital. The ex-dividend date of this dividend was Wednesday, March 14th. The firm has "Hold" rating given on Tuesday, April 17 by Goldman Sachs. The company now has a consensus rating of "Hold" and a consensus price target of $44.53. The firm has "Overweight" rating given on Friday, May 12 by JP Morgan. RBC Capital Markets has "Outperform" rating and $51 target.

Short interest or otherwise called the percentage of a stock's tradable shares now being shorted is another data that investors use to get a handle on sentiment. The firm has "Hold" rating by Cowen & Co given on Monday, January 8. The company rating was maintained by RBC Capital Markets on Friday, November 10. As per Wednesday, July 26, the company rating was downgraded by Telsey Advisory Group.

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