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September 01, 2020 1:41pm
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Stock Update: The Coca-Cola Company (NYSE:KO) – Coca-Cola Celebrates 75-Year USO Partnership with Red, White and Blue Patriotic Packaging

[Business Wire] – This summer, The Coca-Cola Company is launching special limited edition patriotic packaging to honor and celebrate the nation’s service men and women and to commemorate The Company’s longstanding partnership with the United Service Organizations in honor of its 75th anniversary. Read more on this. The Coca-Cola Company (KO) , valued at $193.14B, opened this morning at $44.53. Looking at today’s market, KO one day range is $44.44 to $44.70 with the price of the stock fluctuating between $36.56 to $47.13 over the last 52 weeks. Priced at 22.88x this year’s forecasted earnings, KO shares are relatively inexpensive compared to the industry’s 34.78x forward p/e ratio. And for dividend hunters, the company pays shareholders $1.40 per share annually in dividends, yielding 3.18%. According to a consensus of 20 analysts, the earnings estimate of $0.59 per share would be $0.04 worse than the year-ago quarter and a $0.00 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $1.94 is a $0.06 worse when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $11.76 Billion. If realized, 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. The average price target for KO shares by the analysts covering the stock is $48.00, which is 7.79% above where the stock opened this morning. See more in (NYSE:KO) Similar Articles: 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 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 (NYSE:KO): The Coca-Cola Company and the Hispanic Scholarship Fund Continue Partnership to Help Hispanics Achieve College Dreams
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