The Coca-Cola Company (NYSE:KO) announced that it has commenced a cash tender offer and consent solicitation (the “Offer and Solicitation”) for specified series of outstanding debt securities issued by its wholly owned subsidiary Coca-Cola Refreshments USA, Inc. (“CCR”).
The Coca-Cola Company (NYSE:KO) shares ticked up 0.64% to $44.18 on Monday.
The Offer and Solicitation consists of (i) an offer to purchase any and all of 11 series of outstanding notes of CCR (the “CCR notes”) and (ii) a solicitation of consents from the holders of the CCR notes to amend or eliminate certain covenants and events of default applicable to the CCR notes contained in their governing indenture to substantially conform to the covenants and events of default in the indenture governing the Company’s existing unsecured and unsubordinated debt. Approximately $1.7 billion aggregate principal amount of the CCR notes are currently outstanding. The Offer and Solicitation is being made pursuant to an offer to purchase and consent solicitation statement, which sets forth a more comprehensive description of the terms of the Offer and Solicitation.
Technical Stock Analysis
Shares outstanding are recorded as 4262.83 billion and total shares floated are 4239.29 billion. Current ratio which is the relationship between current assets and current liabilities, indicating the liquidity of a business is calculated as 1.40. Company’s distance from 20 day simple moving average is 1.50% and distance from 50-Day simple moving average is 2.90%.
Best time to invest in stock market is when things are on odd side, and it’s not easy how to pick stocks. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision. Stock has got OUTPERFORM rating from 5 analysts of Thomson Reuters, 15 analysts given HOLD rating to the stock and 0 given UNDERPERFORM rating. Analyst’s mean target price for KO is $The Coca-Cola Company while analysts mean recommendation is 2.50.
The Coca-Cola Company (NYSE:KO) yearly performance is 0.52% and net profit margin is 15.30%. Annual EPS Growth of past 5 years is -4.20%. The current share price indicates that stock is -3.98% away from its one year high and is moving 10.78% ahead of its 52-week low.
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At the movement Rite Aid Corporation (NYSE:RAD) is under coverage by number of analysts. Buy rating has been given by 0 analysts to the company stock whereas no analyst given UNDERPERFORM rating to stock and 3 analysts given HOLD rating. The consensus recommendation by Thomson Reuters analysts is Outperform and their mean rating for the stock is 2.50 on scale of 1-5. Analysts mean target price for Rite Aid Corporation (NYSE:RAD) is $Rite Aid Corporation while their mean recommendation is 2.60 (1=Buy, 5=sell).
If we look at stock performance in last active day trading, we see that stock has moved ticked up 4.05% to end the day at $3.60. The current share price indicate that stock is -58.95% away from its one year high and is moving 8.43% ahead of its 52-week low.