The Coca-Cola's (KO) "Market Perform" Rating Reiterated at Wells Fargo & Co

Brittany BishopMay 18, 2017

Developed by hedge fund manager Joel Greenblatt, the intention of the formula is to spot high quality companies that are trading at an attractive price. Welch Investments LLC acquired a new stake in shares of The Coca-Cola during the fourth quarter valued at $115,000. Cambridge Advisors Inc. boosted its position in shares of The Coca-Cola by 0.3% in the third quarter. Putnam FL Investment Management Co. bought a new position in shares of The Coca-Cola during the third quarter valued at about $269,000.

Jefferies Group LLC restated their buy rating on shares of Coca Cola HBC AG (LON:CCH) in a research report sent to investors on Friday morning. Institutional investors own 63.88% of the company's stock.

(NASDAQ:SIRI) share price decreased in the last trading session with a previous 52-week high of $5.52. The company's stock had a trading volume of 8,092,210 shares. The company has a 50 day moving average of $43.15 and a 200 day moving average of $41.98. If the share price is now hovering near the 52 week low and the value is achieved in the current past then it can suggest that the price of the shares is likely to go up. Reyes Holdings is the 12th largest privately held company in the United States with more than 24,000 employees and annual sales of approximately $24 billion. Coca-Cola European Partners plc (NYSE:CCE) last issued its earnings results on Thursday, May 4th.

The company reported its EPS on 04/25/2017.

Coca-Cola FEMSA, C.V. had a net margin of 6.17% and a return on equity of 8.60%. The company beat the analyst EPS Estimate with the difference of $-0.01. Recently, KO announced a dividend increase of 6% to $0.37 per share, a fifty-fifth straight year of dividend increases. The firm's quarterly revenue was down 11.3% on a year-over-year basis. According to Thomson Reuters, sell-side analysts are forecasting a harmony target price of $7.28 on company shares. Shareholders of record on Monday, May 22nd will be given a dividend of 0.23 per share on Monday, June 5th. This represents a $1.48 annualized dividend and a dividend yield of 3.37%.

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Several equities analysts recently weighed in on KO shares. Alpha One also assigned press coverage about the company an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days. Finally, Vetr raised The Coca-Cola from a "hold" rating to a "buy" rating and set a $44.81 price target for the company in a report on Monday, April 24th. Breaking those down we see that the ratings are as follows: 1 Strong Buy, 0 Rated Buy, 9 Rated Hold and 1 Rated Sell. The company now has a consensus rating of Hold and a consensus target price of $44.54.

In other news, insider J Alexander Douglas, Jr. sold 22,000 shares of The Coca-Cola stock in a transaction dated Wednesday, May 3rd. A value of 80 is considered overbought and sell signals occurring below that level would be ignored. Following the completion of the transaction, the insider now directly owns 319,436 shares of the company's stock, valued at approximately $13,815,607. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. We in no way are suggesting that readers make any decision based on the information in this report. The shares were sold at an average price of $43.43, for a total transaction of $3,813,154.00. The Coca-Cola Co (NYSE:KO) has risen 4.51% since October 6, 2016 and is uptrending.

The Rosemont company that distributes Coca-Cola products throughout the Midwest is expanding its Coke bottling territory. In addition to our namesake Coca-Cola drinks, some of our leading brands around the world include: AdeS soy-based beverages, Ayataka green tea, Dasani waters, Del Valle juices and nectars, Fanta, Georgia coffee, Gold Peak teas and coffees, Honest Tea, Minute Maid juices, Powerade sports drinks, Simply juices, smartwater, Sprite, vitaminwater, and Zico coconut water.

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