Coca-Cola Company (NYSE:KO) Anticipates 2Q Improvement – KO, F, AVP, MAT, PG
The Coca-Cola Company (NYSE:KO) announced on Tuesday that it anticipates improved Q2 profits as increasing consumption of its drinks in emerging markets offsets the downturn in Europe.
However, the world’s leading soft drink firm, maker of Sprite, Minute Maid orange juice and vitaminwater, reported tough economic conditions were taking a toll, and dampening the enthusiasm of investors.
Coke CEO, Muhtar Kent stated that they recognize that consumers across the globe continue to sense the effects and impacts of prolonged uncertainty in Europe, the cooling of the economy in China and the protracted recovery here in the United States.
Shares of The Coca-Cola Company (NYSE:KO) increased 1.58% to trade at $77.69. KO is moving forward from its 52 week low but still lagging behind its 52 week high price by -2.10%.
The overall volume in the last trading session was 10.60 million shares. In its share capital, KO has 2.26 billion outstanding shares with 2.14 billion shares floated in the market.
Its fifty two week trading range was between $63.34-$79.36. The total market capitalization remained $175.26 billion. KO stock institutional ownership remained 63.84%. KO stock’s previous month stock price volatility remained 1.20%. The stock price of KO is moving up from its 20 days moving average at +1.14% and isolated positively from the 50 day moving average by +2.65%.
