The Coca-Cola Company Announced Earnings for the Fourth Quarter

The Coca-Cola Company Announced Earnings for the Fourth Quarter

The Coca-Cola Company Announced Earnings for the Fourth Quarter

In a plan underway for years, the beverage giant is offloading large swaths of its company-owned bottling operations. The company's shares were closed at $35.33.

The brokerage firms covering the company's stock has pegged one-year price target of $75.8.

In the report, the company also announced that James Quincey, the company's president and chief operating officer, would be the next CEO, effective May 1. Birch Hill Investment Advisors LLC's holdings in Coca-Cola Company (The) were worth $4,460,000 as of its most recent SEC filing. EPS or Earning per Share stands at $2.18.

The performance week for The Coca-Cola Company is at 0.79% and the performance month is at 0.38%. Argent Capital Management LLC now owns 6,205 shares of the company's stock valued at $248,000 after buying an additional 560 shares during the period.

The Atlanta-based company reported a 2 percent decline in sparkling-beverage volume during the fourth quarter. In addition, for the current month 11 number of analysts gave ratings for hold as compared to last month 12 number of analysts stood in same position.

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The Company has 484.34 million shares outstanding and 160.46 million shares were floated in market. Price changes resulting from an earnings surprise can be felt immediately. Analyst had a consensus estimate of $0.37.

The Coca-Cola Company reported $9.4 billion in fourth quarter revenue, a figure that beat the $9.1 billion Wall Street consensus but marked a 6% decline on a year-over-year basis. Currently, the Return on Assets value for the trailing twelve months is 4.6% with the Return on Equity and Return on Investment of 16.4% and 12.9% respectively. The sale for non-carbonated beverages increased by 2 percent during last quarter while sale of carbonated beverages declined by two percent.

On 04/28/2016, Analysts were suspecting EPS of $0.36/share where Coca-Cola European Partners Plc (NYSE:CCE) reported its Actual EPS of $0.26.

Coke is also pushing Smartwater, one of its bottled-water brands, to new markets around the world, citing growth of the brand as a positive for the quarter.

Several insiders were part of recent insider activity for the stock. As the past trend shows, The Coca-Cola Company's stock price has plunged after earnings in 15 of the last 28 quarters. Morgan Stanley lowered Coca-Cola Company (The) from an "overweight" rating to an "equal weight" rating in a research report on Friday, December 16th. TheStreet downgraded shares of Coca-Cola Company (The) from a "buy" rating to a "hold" rating in a research report on Wednesday, October 26th. Goldman Sachs Group, Inc. Analysts have a mean recommendation of 1.80 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The average twelve-month target price among brokerages that have issued a report on the stock in the a year ago is $44.31.

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