Credit Suisse Initiates Coverage on The Coca-Cola Co to Neutral

Credit Suisse Initiates Coverage on The Coca-Cola Co(NYSE:KO). The shares have been rated Neutral. The rating by Credit Suisse was issued on Sep 15, 2016.

In a different note, On Jul 28, 2016, Jefferies said it Maintains its rating on The Coca-Cola Co. In the research note, the firm Lowers the price-target to $46.00 per share. The shares have been rated ‘Hold’ by the firm. On Jul 28, 2016, Stifel Nicolaus said it Maintains its rating on The Coca-Cola Co. In the research note, the firm Lowers the price-target to $54.00 per share. The shares have been rated ‘Buy’ by the firm. On Jun 29, 2016, Goldman Sachs said it Maintains its rating on The Coca-Cola Co. In the research note, the firm Lowers the price-target to $47.00 per share. The shares have been rated ‘Neutral’ by the firm.

The Coca-Cola Co (KO) made into the market gainers list on Tuesdays trading session with the shares advancing 0.57% or 0.24 points. Due to strong positive momentum, the stock ended at $42.34, which is also near the day’s high of $42.53. The stock began the session at $42.31 and the volume stood at 84,07,163 shares. The 52-week high of the shares is $47.13 and the 52 week low is $38.51. The company has a current market capitalization of $182,741 M and it has 4,31,60,29,500 shares in outstanding.

The Coca-Cola Co(KO) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $11.52B. Analysts had an estimated revenue of $11.70B. Earnings per share were $0.60. Analysts had estimated an EPS of $0.58.

Several Insider Transactions has been reported to the SEC. On Jun 22, 2016, J Alexander Jr Douglas (Executive Vice President) sold 572,748 shares at $45.25 per share price.Also, On Apr 26, 2016, Larry M Mark (Vice President, Controller) sold 28,000 shares at $44.52 per share price.On Apr 7, 2016, Brent Hastie (Senior Vice President) sold 18,670 shares at $46.60 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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