Dallas, Texas 03/07/2014 (FINANCIALSTRENDS) – Research analysts at UBS after completing their coverage of Coca-Cola Company (NYSE:KO) have rated the company as Neutral. Also, they have tagged $40 as the price target for company’s share. According to the firm’s analysis, to revive the company’s margins and profitability a major restructuring might be required to perform well in the current market. Coke has established itself as a strong brand in carbonated soft drink division and has a huge customer base. However, it is yet make similar impacts in tea and energy brands.
Other rating firms have shared their views on KO with two analysts recommending with a sell rating, six suggesting hold rating and twelve have assigned a buy rating to the company’s stock.
Coca-Cola Company (NYSE:KO) Reported its Fourth Quarter Earnings
Coca-Cola Company (NYSE:KO) last month announced it Q4 financial earnings. The company’s revenues were down by 4% with $11.04 billion compared to $11.455 billion last year. The operating income for the quarter was $2.105 billion which again is down from last year’s Q4 figure of $2.183 billion. Company EPS was reported as 46 cents and the dividend was 3.18%. According to the company’s CEO, 2013 had many challenges in the global market and though the company was not immune to some of them they managed to deliver stable financial results.
Coca-Cola Planning a New facility in Chattanooga
Coca-Cola is planning to expand their plant in Chattanooga region by investing around $62 million to create a state-of-the-art distribution and sales facility. With this expansion KO will grow in Hamilton region and add around 43 jobs in the region. The company is facing challenges to identify an industrial property in Hamilton County to accommodate the planned expansion. However, they continue to scout and finalize the location for their investment soon.
