Morgan Stanely Cuts Earnings Estimates on Coca-Cola (KO)
Because The Coca-Cola Company (KO) is seeing lower demand and unfavorable foreign currency exchange rates, Morgan Stanley analysts lowered their earnings estimates through 2014 on the world’s largest beverage company on Thursday.
The analysts maintain an “Equal-Weight” rating on KO.
Coca-Cola shares were down 13 cents, or +0.37%, during morning trading on Thursday. The stock is up +10.98% year-to-date.
The Bottom Line
Shares of Coca-Cola (KO) have a dividend yield of 2.77% based on last night’s closing price of $40.41 and the company’s annualized dividend payout of $1.12 per share.
The Coca-Cola Company (KO) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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