Beverage giant The Coca-Cola Company ( KO ) on Friday saw its coverage initiated with a very positive view by analysts at Wells Fargo.
The firm said it started coverage on KO with an "Outperform" rating, noting it believes the company can continue to deliver solid, sustainable growth.
Last month, Coca-Cola reported first quarter earnings that fell a bit short of expectations , hurt partially by the aftermath of the earthquake in Japan.
Coca-Cola shares were mostly flat in premarket trading Friday.
The Bottom Line
We have been recommending shares of Coca-Cola ( KO ) since July 30, 2009, when the stock was trading at $49.28. The company has a 2.75% dividend yield, based on last night's closing stock price of $68.31.
The Coca-Cola Company ( KO ) is a "Recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.
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