Company Update: The Coca-Cola Company (NYSE:KO) – Diet Coke® Delights Fans Nationwide with Millions of Unique, Colorful Package Designs

[Business Wire] – Love comes in many forms and fashions, but the affection fans feel for Diet Coke is truly unique. Next month, fans will have another reason to swoon over their favorite no-calorie beverage. Read more on this. The Coca-Cola Company (KO) , valued at $183.05B, started trading this morning at $42.18. Today, shares have traded between $41.81 and $42.46 per share with the price of the stock fluctuating between $36.56 to $43.91 over the last 52 weeks. KO shares are currently priced at 21.15x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 35.24x earnings multiple for the same period. And for passive income investors, the company pays shareholders $1.32 per share annually in dividends, yielding 3.14%. In a review of the consensus earnings estimate this quarter, 20 sell-side analysts are looking at $0.37 per share, which would be $0.07 worse than the year-ago quarter and a $0.01 sequential decrease. Investors should also note that the full-year EPS estimate of $1.99 is a $0.05 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $9.91 Billion. If reported, that would be a 9.08% decrease over the year-ago quarter. In terms of ratings, Stifel upgraded KO from Hold to Buy (Jan 12, 2016). Previously, Sterne Agee CRT Initiated KO at to Buy. Investors should keep in mind is that the average price target is $45.70, which is 8.35% above where the stock opened this morning. See more in (NYSE:KO) Similar Articles: Market Update: The Coca-Cola Company (NYSE:KO) – Coca-Cola Announces “One Brand” Global Marketing Approach Market Update: The Coca-Cola Company (NYSE:KO) – Coke Zero™ Brings Drinkable Commercials to Football and Enters Year Three with ESPN’s ‘College GameDay’ Company Update: The Coca-Cola Company (NYSE:KO) – Robbins Arroyo LLP: Acquisition of Coca-Cola Enterprises, Inc. (CCE) by Coca-Cola Erfrischungsgetranke AG (KO) and Coca-Cola Iberian Partners SA (Private) May Not Be in Shareholders’ Best Interests