Published: Thu, November 16, 2017
Markets | By Erika Turner

Traders Sell Coca-Cola Company (The) (KO) on Strength (KO)

Traders Sell Coca-Cola Company (The) (KO) on Strength (KO)

Analysts are speculating a 15.96% move, based on the high target price ($55) for the shares that is set to reach in the next 12 months. Coca-Cola European Partners PLC has a 12 month low of $30.55 and a 12 month high of $44.75. The firm had revenue of $9.08 billion for the quarter, compared to the consensus estimate of $8.73 billion. The value in dollars decreased from $22,399,000 to $22,301,000 a change of 0.4% quarter to quarter. Coca-Cola Bottling Co. Consolidated's Return on Equity (ROE) is 14.20%, measure their profitability and reveals how much profit they generate with the money their shareholders. The business's revenue was down 6.9% compared to the same quarter previous year.

Is Coca-Cola European Partners plc (NYSE:CCE) Performing Well? Legacy Private Trust invested in 16,620 shares. Barclays PLC set a $45.00 price objective on shares of Coca-Cola Company (The) and gave the stock a "neutral" rating in a research report on Wednesday, July 19th. Royal Bank Of Canada restated a "buy" rating and issued a $49.00 price objective on shares of Coca-Cola Company (The) in a report on Wednesday, September 6th. $46.46's average target is -1.90% below currents $47.36 stock price. The stock has "Buy" rating by Citigroup on Thursday, April 21. The stock now has an average rating of "Hold" and an average price target of $47.50.

Coca-Cola European Partners PLC (CCE) traded down $0.08 during mid-day trading on Wednesday, hitting $39.34. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company's stock worth $116,000 after purchasing an additional 129 shares during the period. The company has a market cap of $179.42 billion, a price-to-earnings ratio of 25.23 and a beta of 0.64. With short interest at 27,703,786 and short average daily volume at 8,904,094, the short-interest ratio is 3.0 and the short interest percentage is 0.01% as of October 31. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend was Tuesday, November 29th. Coca-Cola Company (The)'s payout ratio is presently 140.95%.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by Week Herald and is owned by of Week Herald. If you are reading this story on another publication, it was stolen and republished in violation of United States and global copyright & trademark legislation. Leading up to this report, we have seen a 1.74% rise in the stock price over the last 30 days and a 2.66% increase over the past 3 months.

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Several other research firms have also recently issued reports on CCE. As of quarter end California State Teachers Retirement System had sold 574,894 shares trimming its stake by 8.0%. Thomaspartners, Inc. now controls 4,173,458 shares valued at $187,847,000. Becker Capital Management Inc. now owns 5,417 shares of the company's stock valued at $229,000 after buying an additional 545 shares in the last quarter. This works out to a net increase in ownership of 57.44 million shares, and suggests that institutions are feeling bullish about the stock.

Ubs Asset Management Americas Inc reports that it raised its investment in Coca-Cola Company stock by 3.5% in its quarterly SEC filing. The value of the investment in Coca-Cola Company increased from $285,677,000 to $287,888,000 a change of 0.8% quarter over quarter. Patten Group Inc Inc has 4.23% invested in The Coca-Cola Co (NYSE:KO) for 229,514 shares. Finally, Neuberger Berman Group LLC increased its position in shares of Coca-Cola European Partners PLC by 3.8% during the second quarter. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.

Coca-Cola Enterprises, Inc (CCE) markets, produces and distributes nonalcoholic beverages. The Company serves customers across Belgium, continental France, Great Britain, Luxembourg, Monaco, the Netherlands, Norway and Sweden.

The Coca-Cola Company, launched on September 5, 1919, is a beverage company.

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