Coca Cola (KO) Declares $0.41 Quarterly Dividend; 3.6% Yield

Coca-Cola (KO) PT Lowered to $47 at Jefferies

April 22, 2020 8:03 AM EDT

Jefferies analyst Kevin Grundy lowered the price target on Coca-Cola (NYSE: KO) to $47.00 (from $48.00) while maintaining a Hold rating.

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Coca-Cola (KO) PT Lowered to $55 at RBC Capital

April 22, 2020 6:41 AM EDT

RBC Capital analyst Nik Modi lowered the price target on Coca-Cola (NYSE: KO) to $55.00 (from $57.00) while maintaining a Outperform rating.... More

Coca-Cola (KO) PT Lowered to $54 at UBS

April 22, 2020 6:05 AM EDT

UBS lowered its price target on Coca-Cola (NYSE: KO) to $54.00 (from $55.00) while maintaining a Buy rating.... More

Coca-Cola (KO) PT Lowered to $51 at Citi

April 22, 2020 5:09 AM EDT

Citi analyst Wendy Nicholson lowered the price target on Coca-Cola (NYSE: KO) to $51.00 (from $63.00) while maintaining a Neutral rating.... More

Coca-Cola (KO) PT Lowered to $48 at JPMorgan, Following Earnings, Business Update And Analyst Model Update

April 21, 2020 2:47 PM EDT

JPMorgan analyst Andrea Teixeira lowered the price target on Coca-Cola (NYSE: KO) to $48.00 (from $50.00) while maintaining a Overweight rating.

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Coronavirus lockdowns to hurt Coca-Cola's second quarter sales

April 21, 2020 6:36 AM EDT

(Reuters) - Coca-Cola Co (NYSE: KO) said on Tuesday its expected current-quarter results to take a hit as restaurants, theaters and other venues that represent about half of the company's revenue remain closed because of the coronavirus pandemic.

The soda maker's shares, a Dow 30 component , were down about 4%. They have lost about 16% so far this year.

Coca-Cola makes syrups and concentrates and through its bottlers distributes them to fast-food chains, theaters, amusement parks and other venues, most of which have either closed all operations or limited their businesses.

Several concerts and sporting... More

Wall Street tumbles as oil crash stirs pandemic fears

April 21, 2020 6:35 AM EDT

By Noel Randewich

(Reuters) - Wall Street tumbled for a second straight day on Tuesday as a collapse in U.S. oil prices and glum forecasts by companies worsened fears of a deep economic downturn.

All 11 S&P 500 sector indexes fell 1.6% or more, with energy sliding for the seventh time in eight sessions a day after the WTI contract crashed below zero as oil traders ran out of storage for May deliveries.

With the collapse spilling into June futures contracts, equity investors became wary of the extent of the economic damage from sweeping lockdown... More

Coca Cola (KO) Tops Q1 EPS by 7c, Revenues Beat; Since Start of April Seeing Volume Decline Globally of ~25%

April 21, 2020 5:58 AM EDT

Coca Cola (NYSE: KO) reported Q1 EPS of $0.51, $0.07 better than the analyst estimate of $0.44. Revenue for the quarter came in at $8.6 billion versus the consensus estimate of $8.29 billion.

In March, as the coronavirus pandemic spread globally, countries meaningfully increased social distancing and shelter-in-place mandates. In markets around the world, the company subsequently saw significant changes in consumer purchase patterns, notably substantial declines in away-from-home channels. In at-home channels, the company witnessed early pantry loading in certain markets, followed by more normalized demand levels, along with a sharp increase in e-commerce. Given that away-from-home channels... More

Coca-Cola (KO) PT Raised to $49 at Morgan Stanley

April 20, 2020 8:53 AM EDT

Morgan Stanley analyst Dara Mohsenian raised the price target on Coca-Cola (NYSE: KO) to $49.00 (from $46.00) while maintaining a Equalweight rating.... More

Coca-Cola (KO) PT Raised to $48 at Jefferies

April 20, 2020 4:58 AM EDT

Jefferies analyst Kevin Grundy raised the price target on Coca-Cola (NYSE: KO) to $48.00 (from $46.00) while maintaining a Hold rating.... More