Published: Thu, March 08, 2018
Global | By Craig Ferguson

Coca-Cola to move into alcohol

Coca-Cola to move into alcohol

Let's be honest though, if you were looking for a second global market to ply some new alcopops, where else would you head? The company has no current plans to introduce the beverage in the U.S. The stock decreased 1.91% or $0.23 during the last trading session, reaching $11.79. The company had a trading volume of 2,387,174 shares, compared to its average volume of 13,448,259. The move comes at a time when health conscious youths are moving away from consuming soft drinks, prompting the company to acquire water and tea brands. It has underperformed by 17.65% the S&P500. The fund owned 32,202 shares of the company's stock after selling 2,972 shares during the quarter. The firm's revenue was down 20.2% on a year-over-year basis. Corporate insiders own 1.51% of the company's stock. This is an increase from The Coca-Cola's previous quarterly dividend of $0.37. About 135,278 shares traded. Teekay Offshore Partners L.P. (NYSE:TOO) has declined 43.83% since March 7, 2017 and is downtrending.

The Coca-Cola Company (NYSE:KO) touched its 1-Year High price of $48.62 on 01/26/18 and its 1-Year Low price of $41.74 on 03/08/17. During the same period in the previous year, the company posted $0.37 earnings per share. The stock of The Coca-Cola Company (NYSE:KO) earned "Hold" rating by Jefferies on Tuesday, September 5. 84,400 shares were sold by HAYS ED, worth $4.01 million. Therefore 55% are positive. UBS Group upgraded shares of Coca-Cola FEMSA from an "underperform" rating to a "market perform" rating in a report on Thursday, November 9th. The stock has "Buy" rating by RBC Capital Markets on Friday, August 25. The Destination Wealth Management holds 101,173 shares with $4.55 million value, up from 93,339 last quarter. Its up 0.11, from 0.8 in 2017Q2.

The Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Friday, February 16th. Virginia-based Vnbtrust National Association has invested 0.2% in The Coca-Cola Company (NYSE:KO). During the same period in the prior year, the company earned $0.37 earnings per share. Monroe Savings Bank And Mi reported 0.14% of its portfolio in The Coca-Cola Company (NYSE:KO). Clover Partners L.P. owns 851,862 shares or 5.11% of their United States portfolio.

Coca-Cola European Partners plc (NYSE:CCE) are surging 1.65% to trade at $40.05 in active leading trade session.

Diversified Trust Co holds 2.79% of its portfolio in Coca-Cola Bottling Co. Sigma Planning Corporation stated it has 0.26% in The Coca-Cola Company (NYSE:KO). Bowen Hanes & Company owns 217,900 shares. Rampart Inv Management Llc has 47,425 shares for 0.72% of their portfolio. Fiduciary Services Of The Southwest Tx reported 0.47% stake.

Investors sentiment increased to 1.27 in Q3 2017. 0 funds opened positions while 3 raised stakes. The New Mexico-based Hanseatic Management Services Inc has invested 0.23% in the stock. Peak6 Invests Ltd Partnership holds 46,319 shares. Usa Portformulas holds 0.97% or 52,008 shares. Hs Mngmt Prtn Limited Liability Com accumulated 6.9% or 4.74M shares. Trust Of Vermont reported 200 shares. This represents a $1.56 annualized dividend and a yield of 3.57%.

Several research analysts have recently issued reports on KO shares.

2/14/2018 - Coca Cola HBC had its "hold" rating reaffirmed by analysts at Shore Capital.

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