Company Update: The Coca-Cola Company (NYSE:KO) – #TBT: A Look Back at Southern Food Staples

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Did you know that tomorrow, October 11, is Southern Food Heritage Day? With Coca-Cola as perhaps the most famous culinary creation of the American South, we had to join in the celebration this Throwback Thursday (#TBT). So take a look through our images of classic food traditions and contemporary reimaginings – and then perhaps share a recipe of your own!
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The Coca-Cola Company (KO), valued at $166.86B, started trading this morning at $37.73.

Looking at today’s trading action, the company’s one day range from $37.45 to $37.75 with a one year range of $35.58 to $43.43.

KO shares are currently priced at 17.66x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 17.78x forward p/e ratio.

The company pays shareholders $1.12 per share in dividend income per year, for a current yield of 3.00% .

According to a consensus of 16 analysts, the earnings estimate of $0.53 per share would be $0.02 better than the year-ago quarter but a $0.02 sequential decrease. The full-year EPS estimate is $2.10 which would be $0.09 improvement than last year’s full-year earnings.

The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $12.06 Billion. If realized, that would be a 2.27% decrease over the year-ago quarter.

In terms of ratings, Argus downgraded (KO) from Buy to Hold (Jan 10, 2013).
Previously, Stifel Nicolaus downgraded (KO) from Buy to Hold. UBS upgraded (KO) from Neutral to Buy.

Given all the information above, we should disclose to readers that the average price target is $44.53, which is 18.02% above than it opened this morning.

The Coca-Cola Company (NYSE:KO), a beverage company, engages in the manufacture, marketing and sale of nonalcoholic beverages worldwide. The company primarily offers sparkling beverages and still beverages.

Tag Helper ~ Stock Code: KO | Common Company name: Coca-Cola | Full Company name: The Coca-Cola Company (NYSE:KO) .


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