Coca-Cola Co.’s (NYSE:KO)announced that its third-quarter earnings jumped up 3.9% as the leading beverages maker margins enhanced among lower costs and superior case volume.Coca-Cola declared a profit of $2.31 billion, or 50 cents per share, higher as compared to from $2.22 billion, or 48 cents, last year same quarter.
Sales figure moved up 0.8% to $12.34 billion, or jumped 6% on same currency basis. Worldwide division case volume escalated 4%.
Experts surveyed by Thomson Reuters had most lately estimated earnings of 51 cents on sales of $12.41 billion.
Its competitors include Dr Pepper Snapple Group Inc. (NYSE:DPS) that surged +1.53% to $44.33 with the total traded volume of 490,404.00 shares and PepsiCo, Inc. (NYSE:PEP) that increased +0.07% to $70.39 with the total traded volume of 2.97 million shares.
Other Consumer Goods stocks with bullish trend include Ford Motor Company (NYSE:F) up +0.34% to $10.26, Altria Group, Inc. (NYSE:MO) up +0.03% to $33.18 and Johnson Controls, Inc. (NYSE:JCI) up +0.27% to $26.07, whereas with bearish trend include Diebold Incorporated (NYSE:DBD) down -6.79% to $31.45, Cosan Limited(USA) (NYSE:CZZ) down -1.29% to $15.30 and Navistar International Corp (NYSE:NAV) down -2.49% to $21.12.
The Coca-Cola Company (NYSE:KO) dropped -0.81% or -$0.31 to trading at $37.82 following it hit intra day high level of $38.22. The total traded volume in the current trading session is 17.57 million shares as compared to average 20.17 million shares. Its fifty two week trading range is $32.37 – $40.67. The total market capitalization reached $170.27 billion.
The stock price was ahead its 52 week low price with +20.35% and it lagged behind -6.23% from its 52 week maximum mark. Stock price volatility for last month remained 1.16%. In its share capital, the company has 4.50 billion outstanding shares out of which 4.28 billion shares have been floated in the market. For now, stock ownership with company’s management remained 0.50%.
KO presented a pessimistic weekly performance of -1.17% with respect to its rate of return and it remained +0.03% for the month. However, the performance for a quarter experienced a negative change of -1.17% and it increased +15.62% for a year and its year to date performance remained in green with +11.30%.
Current stock price is in the downbeat territory taking into account of 20 days moving average with -1.00% and continued pessimistic run for 50 days moving average with -1.13%. Its earning per share for the past twelve months was $1.89. Company’s beta coefficient was at 0.50. Beta measures the amount of market risk associated with market trade.
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