Coca-Cola (KO) Facing Headwinds from Graphic Mix, N.A. Volume - JP Morgan

October 2, 2013 11:36 AM EDT
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Price: $41.22 +0.83%

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    12 Buy, 15 Hold, 3 Sell

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JPMorgan on Wednesday maintained a Neutral rating on Coca-Cola (NYSE: KO) with a price target of $43.00. Analyst John Faucher sees downward revisions to 2014 EPS as a result of the company's hedged yen position. With Japan accounting for 12-13% of operating profit, Faucher sees a 250bps headwind to 2014 operating profit, or $0.5 to $0.6 per share. Overall, Faucher thinks Coca-Cola's graphic mix will be a major headwind.

Faucher also noted declining volume in the Norther American carbonated soft drink category, calling it the "worst performance we have ever seen."

For an analyst ratings summary and ratings history on Coca-Cola click here. For more ratings news on Coca-Cola click here.

Shares of Coca-Cola closed at $37.95 yesterday.

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