Company Update (NYSE:KO): The Coca-Cola Company’s 5by20 Initiative Reaches More Than 1.2 Million Women Entrepreneurs

[Business Wire] – The Coca-Cola Company today announced strong progress toward its goal to enable the economic empowerment of 5 million women entrepreneurs across the Coca-Cola value chain by 2020. Year-end results for 2015 indicate that the initiative, known as 5by20, has reached a total of more than 1.2 million women entrepreneurs across 60 countries since its launch in 2010. Read more on this. The Coca-Cola Company (KO) , valued at $202.33B, opened this morning at $46.41. Shares have traded today between $46.35 and $46.76 per share with a one year range of $36.56 to $47.13. KO shares are currently priced at 23.94x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 19.48x earnings multiple for the same period. The company pays shareholders $1.40 per share annually in dividends, yielding 2.99%. According to a consensus of 20 analysts, the earnings estimate of $0.44 per share would be $0.04 worse than the year-ago quarter and a $0.03 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $1.94 would be a $0.06 setback when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $10.36 Billion. If realized, that would be a 3.18% decrease over the year-ago quarter. In terms of ratings, Societe Generale upgraded KO from Sell to Hold (Feb 10, 2016). Previously, Stifel upgraded KO from Hold to Buy. Given all the information above, we should disclose to readers that the average price target is $47.32, which is 1.96% above than it opened this morning. See more in (NYSE:KO) Similar Articles: Stock Update: The Coca-Cola Company (NYSE:KO) – Swire Coca-Cola, USA Signs Letter of Intent with The Coca-Cola Company to Expand Territory in the Pacific Northwest Market Update: The Coca-Cola Company (NYSE:KO) – Argentina says Coca-Cola to invest $1 bln over four years Market Update: The Coca-Cola Company (NYSE:KO) – Coca-Cola Announces “One Brand” Global Marketing Approach