JP Morgan Initiates Coverage On The Coca-Cola Co to Neutral with Price Target $43

JP Morgan Initiates Coverage On The Coca-Cola Co(KO). In a research note issued to the investors, the brokerage major Announces the price-target to $43 per share. The shares have been rated Neutral. The rating by the stock financial advisor at JP Morgan was issued on Mar 21, 2017 in a research report to their Investors and Clients.

In a different note, On Jan 19, 2017, Wells Fargo said it Downgrades its rating on The Coca-Cola Co. The shares have been rated ‘Market Perform’ by the firm. On Jan 9, 2017, Goldman Sachs said it Downgrades its rating on The Coca-Cola Co. The shares have been rated ‘Sell’ by the firm. Barclays said it Initiates Coverage On The Coca-Cola Co, according to a research note issued on Jan 9, 2017. The shares have been rated ‘Equal-Weight’ by the firm.

The Coca-Cola Co (KO) shares turned negative on Fridays trading session with the shares closing down -0.05 points or -0.12% at a volume of 1,38,04,411. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $42.25. The peak price level was also seen at $42.25 while the days lowest was $41.91. Finally the shares closed at $42.12. The 52-week high of the shares is $47.13 while the 52-week low is $39.88. According to the latest information available, the market cap of the company is $180,780 M.

The Coca-Cola Co(KO) last announced its earnings results on Feb 9, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $9.375B. Analysts had an estimated revenue of $9.180B. Earnings per share were $0.37. Analysts had estimated an EPS of $0.37.

Several Insider Transactions has been reported to the SEC. On Mar 16, 2017, J Alexander Jr Douglas (Executive Vice President) sold 15,000 shares at $41.98 per share price.Also, On Feb 15, 2017, Ceree Eberly (Senior Vice President) sold 42,800 shares at $40.65 per share price.On Feb 14, 2017, Clyde C Tuggle (Senior Vice President) sold 203,250 shares at $40.96 per share price, according to the Form-4 filing with the securities and exchange commission.

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 range of still beverages such as waters enhanced waters juices and juice drinks ready-to-drink teas and coffees and energy and sports drinks. It owns and markets a range of nonalcoholic sparkling beverage brands such as Coca-Cola Diet Coke Fanta and Sprite. The Company makes its beverage products available to consumers throughout the world through its network of Company-owned or controlled bottling and distribution operations as well as independent bottling partners distributors wholesalers and retailers. The Company’s segments include Eurasia and Africa Europe Latin America North America Asia Pacific Bottling Investments and Corporate.

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