Coca-Cola European Partners Great Britain Unveils New Sustainable Packaging Strategy

Plastic coke bottles

Plastic coke bottles

A number of other research analysts have also weighed in on the stock. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $44.84. On June 7 the company was downgraded from "Outperform" to "Market Perform" and a price target of $46.00 was set in a report from BMO Capital. J P Morgan Chase & Co initiated coverage on Coca-Cola Company (The) in a research note on Tuesday, March 21st. Credit Suisse Group reiterated a "buy" rating and issued a $49.00 price target on shares of Coca-Cola Company (The) in a report on Thursday, April 27th. According to Thomson Reuters, sell-side analysts are forecasting a harmony target price of $84.67 on company shares.

Coca-Cola Company (NYSE KO) traded down 0.18% on Thursday, hitting $44.43. The 6 months bullish chart indicates low risk for the $20.25B company. Latest closing price was 0.51% above its 50-day moving average and 5.42% above its 200-day moving average. Coca-Cola Company has a 52 week low of $39.88 and a 52 week high of $46.06. The firm has a market capitalization of $189.83 billion, a PE ratio of 31.27 and a beta of 0.69. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by $0.01.

The company's plans, which it says it will reveal later this year, may feature a money-off voucher scheme to reward customers returning small Coca-Cola bottles to shops. The company had revenue of $9.12 billion during the quarter, compared to the consensus estimate of $8.85 billion. Analysts expect next quarter's EPS will be $0.49 and the next full year EPS is projected to be $1.98. The company will also be putting a new recycling message on bottles this year and promoting recycling to six million people at festivals and events. Meritage Port owns 98,819 shares for 0.45% of their portfolio. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and global copyright legislation. The correct version of this report can be read at https://www.thestockobserver.com/2017/07/13/clearbridge-investments-llc-maintains-position-in-coca-cola-european-partners-plc-cce.html.

The company also recently declared a quarterly dividend, which was paid on Monday, July 3rd. More interesting news about The Coca-Cola Co (NYSE:KO) were released by: Bizjournals.com and their article: "Coca-Cola laying off more than 400 employees at three Atlanta locations" published on June 22, 2017 as well as Nasdaq.com's news article titled: "Daiwa SB Investments Ltd. Buys Coca-Cola Co, NetEase Inc, JD". This dividend amount was represent a yeild of $3.33. Coca-Cola Company (The)'s dividend payout ratio (DPR) is now 103.50%. Recently, shares of Coca-Cola Bottling Co. The shares were sold at an average price of $45.20, for a total transaction of $1,323,546.40. Cheviot Value Management Ltd Com owns 81,658 shares or 3.19% of their United States portfolio. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Finan Irial sold 354,146 shares worth $15.94M. The stock was sold at an average price of $45.00, for a total transaction of $15,936,570.00. Following the completion of the transaction, the insider now owns 118,000 shares in the company, valued at approximately $5,333,600. The disclosure for this sale can be found here. Arete Wealth Advisors Llc sold 14,660 shares as Coca Cola Co (KO)'s stock rose 6.48%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KO. It dropped, as 76 investors sold KO shares while 623 reduced holdings. Pushing back over the last quarter, shares are 8.98%. The Glenhill Advisors Llc holds 2.44 million shares with $9.78 million value, down from 2.67 million last quarter.

Delta Asset Management LLC TN increased its stake in Coca-Cola Company (The) by 0.4% in the first quarter. The institutional investor held 4,871 shares of the beverages (production and distribution) company at the end of 2016Q4, valued at $202,000, down from 19,531 at the end of the previous reported quarter.

Avalon Advisors Llc decreased Enterprise Products Partners (NYSE:EPD) stake by 290,287 shares to 801,806 valued at $21.68 million in 2016Q4. Franklin Resources Inc. now owns 30,176,115 shares of the company's stock worth $1,251,102,000 after buying an additional 951,209 shares in the last quarter. Amarillo National Bank controls 4,905 shares valued at $220,000. State Of Wisconsin Invest Board reported 0.51% in The Coca-Cola Co (NYSE:KO). Institutions now own 34.80% of the company. The average volume of a stock suggests the liquidity of a particular company.

However, Allison Ogden-Newton chief executive of Keep Britain Tidy said Coca-Cola's announcement was "welcome news" and should inspire other big drinks companies to follow.

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