Although sales grew by 4 percent in North America for the year, compared with the same period in 2015, declines in Latin America and Europe, Middle East & Africa, of 6 percent and 4 percent respectively, meant that overall sales slipped to US$41.9 billion, down 5 percent on the previous 12 months.
Excluding items, the company earned 37 cents per share, in line with the average analysts' estimate, according to Thomson Reuters.
Shares of Coca-Cola European Partners PLC (NYSE:CCE) have been given an average rating of "Buy" by the sixteen ratings firms that are presently covering the company. KO's revenue was down -5.9% compared to the same quarter past year. The Coca-Cola Company is expected to give up sales by -17.33% in next year to $34.45B.
The 52-week high for The Coca-Cola Company stands at -8.66% while the 52-week low stands at 5.37%.
The Company has 484.34 million shares outstanding and 160.46 million shares were floated in market.
Large investors have recently bought and sold shares of the company. The legal version of this story can be accessed at https://www.thecerbatgem.com/2017/02/09/coca-cola-company-the-ko-shares-sold-by-birch-hill-investment-advisors-llc.html. Blue Bell Private Wealth Management LLC now owns 2,377 shares of the company's stock valued at $101,000 after buying an additional 150 shares during the period. Meeder Asset Management Inc. increased its stake in shares of Coca-Cola European Partners PLC by 19.0% in the third quarter.
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Soda volumes world-wide fell 2% in the quarter, while noncarbonated drinks, which include tea, coffee and juice, grew 2%. The company maintains price to book ratio of 4.67 vs.an industry average at 1.93. State of New Jersey Common Pension Fund D boosted its stake in Coca-Cola Company (The) by 50.8% in the third quarter.
On 08 February 2017, The Coca-Cola Company (NYSE:KO) shares moved to $42.02 after starting the day at $41.52. Finally, Commerzbank Aktiengesellschaft FI increased its stake in shares of Coca-Cola European Partners PLC by 8.7% in the fourth quarter. Muhtar Kent, Chairman and Chief Executive Officer of The Coca-Cola Company, said, "We are pleased to report that we ended 2016 with fourth quarter top- and bottom-line growth within our expectations". If you are reading this piece on another website, it was copied illegally and reposted in violation of worldwide copyright and trademark legislation. In The Coca-Cola Co (NYSE:KO)'s last 12 earnings reports, it has beaten EPS estimates 83% of the time.
A number of brokerages have commented on KO. Also, Alpha One gives a daily impact score to company's stock on a scale of 1-100, which highlights the extent of movement in stock price by over 1% due to the news.
Strong gains in North America and Asia Pacific weren't enough to offset a global sales decline at Coca-Cola in 2016. Zacks Investment Research upgraded Coca-Cola Company (The) from a "sell" rating to a "hold" rating in a research report on Monday, January 9th. Average recommendation stands as Overweight with consensus analysis of 20 Analysts. Analyst's mean target price for KO is $45.09 while analysts mean recommendation is 2.60.
Coca-Cola Enterprises, Inc (CCE) markets, produces and distributes nonalcoholic beverages.
The fourth quarter included a $919 million charge related to the refranchising of some of the company's bottling operations in North America. Instead of bottling, KO is focusing on marketing its brands and selling syrups and concentrates to the bottlers.
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