Coca-Cola to double recycled plastic content in bottles

Coca-Cola unveils strategy to double recycled plastic usage       12 July 2017   By MRW Reporter   

 
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Responding to Coca-Cola's announcement, Greenpeace has pledged to keep up the pressure on the company.

The Coca-Cola Company (KO) share price jumped 0.43% to $44.52 in the last trading session. Amarillo National Bank owns 4,905 shares worth $220,000.

In terms of The Coca-Cola Company (KO) stock price comparison to its moving averages, shares of company are -0.42% away from the 50-day moving average and -1.09% away from 20-day average. Consolidated during the first quarter worth approximately $391,000. L P increased its position in shares of Coca-Cola Company (The) by 5.0% in the fourth quarter.

In other news, insider J Alexander Douglas, Jr. sold 22,000 shares of the company's stock in a transaction dated Wednesday, May 3rd. Renaissance Invest Grp Inc Limited Com has 0.1% invested in The Coca-Cola Co (NYSE:KO). Delta Asset Management LLC TN now owns 27,161 shares of the company's stock valued at $1,152,000 after buying an additional 96 shares during the period.

Shares of Coca-Cola Company (NYSE KO) traded down 0.22% on Friday, reaching $44.41. (AAL) has the trading volume of 8.34 Million shares with the average trading volume of 5140 shares.

Drivers Get Slimed by Eels in Oregon
The transfer of weight caused one of the containers to come off the truck bed and fly across the highway into the southbound lane. Meanwhile, the Depoe Bay Fire Department posted a video of workers using a bulldozer to clear the eels from Highway 101.

The company's P/E ratio is 31.26 and the market value is 189.79B. The company has a 50 day moving average of $44.99 and a 200-day moving average of $42.80.

"We have always been committed to reducing the environmental impact of our packaging", Leendert den Hollander, vice president and general manager at Coca-Cola European Partners GB said in a statement. "We have ensured that all our bottles and cans are 100 percent recyclable; we have reduced the weight of our packs as much as possible; and have a long-standing commitment to use locally-sourced rPET and other recycled materials in our packaging". The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.31 by $0.02. The business had revenue of $9.12 billion during the quarter, compared to analyst estimates of $8.85 billion. Next quarter's EPS is forecasted to be $0.49 and the next full year EPS is projected to be $1.98. Coca-Cola Company (The)'s quarterly revenue was down 11.3% on a year-over-year basis. It now wants to build on its work, with plans to double the amount of recycled plastic in every one of its PET bottles over the next three years-from the current average of 25 percent to 50 percent by 2020. Coca-Cola Company (The) also declared a dividend for shareholders that was paid on Mon Jul 3, 2017. Stockholders of record on Thursday, June 15th were given a dividend of $0.37 per share. 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating. BidaskClub downgraded shares of Coca-Cola European Partners PLC from a "buy" rating to a "hold" rating in a research report on Tuesday, June 20th. Coca-Cola Company (The)'s dividend payout ratio is presently 103.50%.

ILLEGAL ACTIVITY NOTICE: This piece was published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and worldwide copyright legislation. Coca-Cola had 39 analyst reports since July 21, 2015 according to SRatingsIntel. BMO Capital Markets cut Coca-Cola Company (The) from an "outperform" rating to a "market perform" rating and lifted their price objective for the company from $45.98 to $46.00 in a research report on Wednesday, June 7th. Argus Research initiated the shares of CCE in report on Tuesday, March 7 with "Buy" rating. On September 15, 2016 Credit Suisse began coverage with an initial rating of "Neutral" and price target of $44.00. As per Tuesday, January 12, the company rating was upgraded by Stifel Nicolaus. Coca-Cola Company (The) now has a consensus rating of "Hold" and a consensus target price of $44.84. Pinnacle Bank purchased a new stake in shares of Coca-Cola European Partners PLC during the first quarter worth approximately $182,000. It worsened, as 76 investors sold KO shares while 623 reduced holdings. Moon Capital Management, LLC now controls 5,188 shares valued at $232,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

"Coca-Cola operates in Great Britain as two businesses - Coca-Cola Great Britain and its bottling partner Coca-Cola European Partners - and it is through this strong partnership that we have been able to make significant progress in recent years". The stock was sold at an average price of $43.25, for a total transaction of $951,500.00. Also, insider Irial Finan sold 354,146 shares of Coca-Cola Company (The) stock in a transaction dated Wednesday, May 24th. The disclosure for this sale can be found here. Iowa State Bank now owns 5,400 shares of the company's stock valued at $242,000 after buying an additional 113 shares during the period. Insiders own 1.51% of the company's stock.

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