Coca-Cola CEO Muhtar Kent to step down next year

Stifel Nicolaus downgraded shares of Coca-Cola Enterprises Inc.

The Coca-Cola Company (NYSE:KO) Beverages – Soft Drinks has a Current Ratio of 1.4 with a Quick Ratio value of 1.3. The company has a Low Price Target of $36 and the Mean Target of $62.43, according to the Brokers. This appreciation has taken its market valuation to 175.91B. They issued a buy rating for the company. 12 of the brokerages firms have a buy or better rating; the 0 sells versus 1 underperforms. The stock is now holding below its 50-day SMA of $41.55 and below its 200-day SMA of $43.27. The stock touched its 52-Week High on April 11, 2016 and 52-Week Low on Dec 1, 2016.

Coca-Cola Enterprises, Inc. will report its next quarter earnings on 2017-02-09 and will release the earnings for the next fiscal year on 2017-02-09.

The Coca-Cola Company (NYSE:KO) ended its previous trading session at $40.98 with the Loss of -0.75%. Coca-Cola had a net margin of 16.99% and a return on equity of 32.47%. The company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $3.03 billion. Fisher Asset Mgmt Ltd last reported 0.79% of its portfolio in the stock.

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Coca Cola: Like a fine wine, but not.

Investors seemed to support the change. Performance week shows a value of 2.02%, and the Performance for the Month is valued at -3.62%.

Today’s focus is on the appointment of James Quincey as the new Coca-Cola CEO, and the market is responding well (Coca-Cola +2.0%, S&P 500 +0.3% S5CONS +0.5%, and PepsiCo (PEP) +0.5%). Noteworthy, is that KO stock has paid four $0.35 dividends over that time and now carries a dividend yield of 3.45 percent. For the prior quarter revenue for the stock hit $11.52B, with EPS at $0.6. Finally, Icon Advisers Inc. The Coca-Cola Co (NYSE:KO) has declined 9.58% since May 6, 2016 and is downtrending.

So don’t be surprised if after Kent, Coca-Cola’s investors get left owning a stock that turns out to be, well, flat. The Firm owns and markets a range of nonalcoholic sparkling beverage brands, including Coca-Cola, Diet Coke, Fanta and Sprite. However, the group’s motives were questioned when its leadership made public statements that seemed to directly echo beverage industry talking points, including making claims that it was the media, not science, that had linked obesity to high-calorie foods.