Stock Update: The Coca-Cola Company (NYSE:KO) – The Coca-Cola Company Updates Second Quarter Expected Net Impact of Acquisitions, Divestitures and Other Structural Items Ahead of Deutsche Bank Conference Presentation

[Business Wire] – As previously announced, James Quincey, President and Chief Operating Officer of The Coca-Cola Company, will present at the Deutsche Bank Global Consumer Conference today at approximately 2 p.m. Read more on this. The Coca-Cola Company (KO) , with a current value of $194.98B, finished at $45.01. A quick look at the market, the company’s stock traded between $44.86 and $45.10 with a one year range of $36.56 to $47.13. KO shares are currently priced at 23.20x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 31.93x earnings multiple for the same period. The company pays shareholders $1.40 per share in dividend income per year, for a current yield of 3.04%. Consensus earnings for the current quarter by the 19 sell-side analysts covering the stock is an estimate of $0.59 per share, which would be $0.04 worse than the year-ago quarter and a $0.01 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $1.94, which would be a $0.06 worse when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $11.75 Billion. If reported, that would be a 3.29% decrease over the year-ago quarter. More recently, Societe Generale upgraded KO from Sell to Hold (Feb 10, 2016). Previously, Stifel upgraded KO from Hold to Buy. The average price target for KO shares by the analysts covering it is $47.95, which is 6.53% above where the stock opened. See more in (NYSE:KO) Similar Articles: Market Update: The Coca-Cola Company (NYSE:KO) – The Coca-Cola Company to Refranchise Territory to Coca-Cola Bottling Co. Consolidated Market Update (NYSE:KO): Major Bottler Arca Continental to Join U.S. Coca-Cola System Through New Agreements with The Coca-Cola Company and Coca-Cola Bottling Company UNITED Market Update (NYSE:KO): The Coca-Cola Company to Present at the Deutsche Bank Global Consumer Conference