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The Coca-Cola Company (NYSE:KO) is in exclusive talks to pick up significant stake in Café Coffee Day

By on June 27, 2019 0

The Coca-Cola Company (NYSE:KOis in exclusive talks to pick up a significant stake in Café Coffee Day (CCD) as the soft drinks giant looks to gain a foothold in the rapidly growing space and hedge risks associated with its core carbonated drinks business, said executives with knowledge of the matter.  Talks are in the early stages and may not lead to a deal, they said. “The potential stake acquisition is being driven by Coca-Cola’s headquarters in Atlanta and officials from the beverage maker’s global team.



The Coca-Cola Company (NYSE:KO) shares fell -1.24% to finally closed at $51.12 in last active session. 

KO’s distance from 20 day simple moving average is 0.54% and distance from 50-Day simple moving average is 3.53%.

Analyst’s mean target price for KO is $52.00 while analysts mean recommendation is 2.40. Stock value has moved between $42.96 – 52.16 in last one year. Stock has got OUTPERFORM rating from 5 of Thomson Reuters analysts, 7 given HOLD rating to the stock and 13 given UNDERPERFORM rating. Analyst’s mean target price for KO is $52.00 while analysts mean recommendation is 2.40. 

The Coca-Cola Company (NYSE:KO) yearly performance is 17.30% and net profit margin is 20.80%. Annual EPS Growth of past 5 years is -3.90%. The current share price indicates that stock is -2.07% away from its one year high and is moving 18.91% ahead of its 52-week low. 



On 26 June 2018, Freeport-McMoRan Inc. (NYSE:FCX) shares ticked up 1.32% and ultimately finalized to $11.49 in last traded day. Stock has got OUTPERFORM rating from 5 of Thomson Reuters analysts, 12 given HOLD rating to the stock and 2 given UNDERPERFORM rating. Analyst’s mean target price for FCX is $14.50 while analysts mean recommendation is 2.70. 



At the movement Ardmore Shipping Corporation (NYSE:ASC) is under coverage by number of analysts. Buy rating has been given by 4 analysts to the company stock whereas 0 given UNDERPERFORM rating to stock and 1 given HOLD rating. The consensus recommendation by Thomson Reuters analysts is outperform and their mean rating for the stock is 1.62 on scale of 1-5. Analysts mean target price for Ardmore Shipping Corporation (NYSE:ASC) is $9.61 while their mean recommendation is 1.80 (1=Buy, 5=sell). 

If we look at stock performance in last active day trading, we see that stock has moved ticked up 5.51% to end the day at $7.09. The current share price indicate that stock is -18.03% away from its one year high and is moving 68.01% ahead of its 52-week low. 

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