[Business Wire] – The Coca-Cola Company today announced that it has signed letters of intent to refranchise bottling operations that serve a large area of the United States. Read more on this. The Coca-Cola Company (KO) , with a current market cap of $192.00B, opened this morning at $44.51. Looking at the equity, the company’s one day range is $44.25 to $44.63 with a one year range of $36.56 to $47.13. Coca-Cola (KO) shares are currently priced at 22.87x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 34.78x earnings multiple for the same period. And for income investors, the company pays shareholders $1.40 per share annually in dividends, yielding 3.18%. In a review of the consensus earnings estimate this quarter, 20 sell-side analysts are looking at $0.59 per share, which would be $0.04 worse than the year-ago quarter and a $0.00 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $1.94 would be a $0.06 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $11.76 Billion. If reported, that would be a 3.21% decrease over the year-ago quarter. In terms of ratings, Societe Generale upgraded KO from Sell to Hold (Feb 10, 2016). Previously, Stifel upgraded KO from Hold to Buy. When considering if the stock is under or overvalued, the average price target is $48.00, which is 7.84% above where the stock opened this morning. See more in (NYSE:KO) Similar Articles: Stock Update: The Coca-Cola Company (NYSE:KO) – Swire Coca-Cola, USA Signs Letter of Intent with The Coca-Cola Company to Expand Territory in the Pacific Northwest Market Update: The Coca-Cola Company (NYSE:KO) – Argentina says Coca-Cola to invest $1 bln over four years Market Update: The Coca-Cola Company (NYSE:KO) – Coca-Cola Announces “One Brand” Global Marketing Approach