Coca-Cola "zeroing" in with new replacement for Coke Zero drink

Coca Cola “zeroing” in with new replacement for Coke Zero drink

The stock is now floating in a range of $44.31 - 45.45. And it's no secret that Coca-Cola - as well as Pepsi and a number of other soda brands - have struggled to rebrand, reformulate or remarket diet soda's way back into the hearts and cups of consumers. Credit Suisse Group restated a "buy" rating and set a $49.00 price objective on shares of Coca-Cola Company (The) in a research note on Monday. Accern also gave media headlines about the company an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. Consolidated by 4.0% in the fourth quarter. On October 20, 2016 Kepler Cheuvreux issued its first research report on the stock giving it an initial rating of "Buy". Lastly, Research firm Zacks lifted stocks of Coca-Cola Company (The) from a "hold" recommendation to a "buy" recommendation and fixed a $51.00 target price for The corporation in a study report on early Tue, Jun 27th. around three financial stock experts recommended the company shares with a sell recommendation, fifteen have published a hold recommendation and eight have published a buy recommendation to the firms shares.

The Coca-Cola Co shares rose $0.69 (+1.53%) in premarket trading Wednesday.

Now the shares of Intel Corporation (INTC) has the trading volume of 18.02 Million shares with the average trading volume of 17960 shares. The stock is trading $44.94 its 50-day moving average by -0.3%. The stock has a market cap of $195.43 billion, a PE ratio of 32.19 and a beta of 0.69.

In a company statement released Wednesday, the beverage giant announced that, "Coca-Cola Zero is getting a new name, new look and even more delicious taste". The company reported 59 cents earnings per share and $9.7 billion in revenue.

Revenues fell 15.9% from a year ago to $9.7 billion, but still beat analysts' view for $9.62 billion. During the same period previous year, the firm earned $0.45 EPS.

The ₹22,000-crore beverage market in the country has been under stress as the Coca-Cola and PepsiCo have witnessed a decline in the sale for several quarters in the past two years. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.04 by $0.59. If you are reading this piece of content on another website, it was copied illegally and republished in violation of US & worldwide copyright and trademark law. The new outlook matches analysts' outlook of $1.88 per share for the year. Following the completion of the transaction, the insider now owns 149,185 shares of the company's stock, valued at $6,479,104.55. The transaction related to this sale was declared in a transaction filed with the SEC which is accessible through this hyperlink. If the average volume is low then the liquidity is low which means it is hard to buy or sell the stock as there are fewer buyers or sellers of the stock. Also, insider Brian John Smith sold 87,800 shares of the company's stock in a transaction that occurred on Wednesday, May 10th. The fund owned 23,060 shares of the company's stock after selling 5,666 shares during the period.

Institutional investors have recently modified their holdings of the company.

This isn't the first time Coca-Cola has retooled one of its drinks. Year-to-date net share repurchases (non-GAAP) totaled $1.3 billion. Delta Asset Management LLC TN increased its position in shares of Coca-Cola Company (The) by 0.4% in the first quarter.

As of quarter end Diversified Trust Co had disposed of 2,756 shares trimming its position 1.6%.

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