Investors to look for growth in Coca-Cola’s 1Q results as North Americans drink less soda
The Coca-Cola Company (NYSE:KO) will announce its first-quarter results on Tuesday, which should provide a snapshot of which of the firm’s over 500 brands are serving fuel growth in key markets, like North America.
In the previous quarter of 2012, for example, Coca-Cola’s in general volume for the region increased just 1%, fueled by its Powerade sports drinks as well as bottle teas. Soda volume dropped 2%.
A JP Morgan analyst, John Faucher predicts flat North American volumes and 3% growth for worldwide sales volumes. The firm is enjoying much stronger growth in developing markets anywhere the ranks of middle-class consumers are growing.
Moving readers toward the broader market, let’s consider percentage change in stocks prices of other stocks in the similar sector who contribute major role in the market that includes Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) lost -0.05%, National Beverage Corp (NASDAQ:FIZZ) edged up +0.28%, Reed’s, Inc (NYSE:REED) which also increased +1.78% and SkyPeople Fruit Juice, Inc (NASDAQ:SPU) closed down -1.82%.
The Coca-Cola Company (NYSE:KO) stock’s trade at beginning with a price of $40.91 and throughout the trading session climbed at a high of $41.11 other than when day-trade ended the stock finally declined -0.24% to $41.08.
The stock is going forward its 52 week low with 17.59% and lagging behind from its 52 week high price with -0.80%. KO last month stock price volatility remained 1.25%.
KO stock institutional ownership remained 62.52% while insider ownership included 0.54%. In its share capital KO has 4.46 billion outstanding shares among them 4.23 billion shares have been floated in market exchange.
Company’s beta coefficient included 0.53. Beta factors measures the amount of market risk associated with market trade.
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