Published: Tue, December 13, 2016
Health Care | By Gwendolyn Kim

Coca-Cola CEO Muhtar Kent to Stand Down

Coca-Cola CEO Muhtar Kent to Stand Down

(NYSE:CCE) by 177.4% during the third quarter, according to its most recent filing with the SEC. The share price of the stock plunged -19.93% for the year.

In the liquidity ratio analysis; quick ratio for most recent quarter was 0.90 while current ratio for time period was 1.10. CENTRAL TRUST Co boosted its position in shares of Coca-Cola Enterprises by 1.6% in the second quarter.

The Relative Volume of the company is 2.06 and Average Volume (3 months) is 13.63 million.

First Citizens Bank & Trust Co. boosted its stake in shares of Coca-Cola Co. Capital Insight Partners LLC now owns 6,885 shares of the company's stock valued at $312,000 after buying an additional 110 shares during the period. The stock touched 52-week High of $47.13 on April 11, 2016 and 52-week Low of $39.88 on Dec 1, 2016. (NYSE:CCE) opened at 32.30 on Friday. The company's 50-day moving average is $41.58 and its 200 day moving average is $43.29.

Chief Operating Officer James Quincey, long expected to become the next CEO, will take over leadership of the world's largest beverage maker on May 1, the company said Friday. The analysts estimated EPS for the higher end at 0.38 and lower end at 0.35 while the year ago reported earnings per share was 0.42. The firm's revenue was down 3.5% compared to the same quarter previous year.

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Stillwater Mining Company (NYSE:SWC) entered into an agreement with Sibanye Gold Limited (NYSE:SBGL), under which Sibanye will acquire Stillwater for $18.00 per share in cash representing an aggregate enterprise value of $2.2 billion. For the next 5 years, The Coca-Cola Company is expecting Growth of 1.84% per annum, whereas in the past 5 years the growth was 0.6% per annum.

ILLEGAL ACTIVITY NOTICE: This story was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this report on another site, it was illegally copied and republished in violation of US & worldwide copyright laws. The legal version of this news story can be accessed at The rating firm issued a Neutral rating to this company in a research note released on Sep 16, 2016. Finally, Credit Suisse Group AG initiated coverage on shares of Coca-Cola in a report on Thursday, September 15th. According to a research note disclosed on Jan 12, 2016, analysts at Stifel have upped their rating on these shares from Hold to Buy. The consensus recommendation by Thomson Reuters analysts is Outperform and their mean rating for the stock is 2.23 on scale of 1-5.

With a market cap of $0, Coca-Cola European Partners plc Ordinary Shares has 52 week low of $30.55 and a 52 week high of $54.54 with a P/E ratio of 23.98. They set a "buy" rating on the stock. And a quick view of analyst notes show that 8 are rating the stock a buy while 4 rate KO a strong buy. The stock presently has a consensus rating of "Hold" and a consensus target price of $46.86. The Company serves customers across Belgium, continental France, Great Britain, Luxembourg, Monaco, the Netherlands, Norway and Sweden.

Quincey served in the company's Latin America Group, and as president of the Northwest Europe & Nordics Business Unit, and then the Europe Group, which became Coca-Cola's most profitable group under his leadership.

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