COCA COLA AMATI/ADR (OTCMKTS:CCLAY) Cut to “Sell” at Zacks Investment Research
According to Zacks, “Coca-Cola Amatil limited’s principal activity is the manufacture, distribution and marketing of non-alcoholic ready to drink beverages which include carbonated and non carbonated drinks which include mineral and bottled waters, ready-to-drink coffee and tea, juices/nectar, sport drinks, fruit still drinks, energy drinks, other ready-to-drink beverages and flavoured milk drinks. Major brands include Coca-Cola, diet Coke, Coca-Cola Light, Fanta, Sprite, Lift, Lift Plus, POWERaDE, Mount Franklin, Fruitopia, pump, L&P, Deep Spring, Schweppes, Qoo, Kin Cider, and Nescafe. “
A number of other equities analysts have also commented on CCLAY. Goldman Sachs Group lowered shares of COCA COLA AMATI/ADR from a neutral rating to a sell rating in a research note on Thursday, July 4th. Credit Suisse Group lowered shares of COCA COLA AMATI/ADR from an outperform rating to a neutral rating in a research note on Thursday, June 20th. Four investment analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. The company has an average rating of Sell.
The company also recently disclosed a Semi-Annual dividend, which will be paid on Monday, October 21st. Investors of record on Tuesday, September 3rd will be paid a $0.133 dividend. The ex-dividend date is Friday, August 30th. COCA COLA AMATI/ADR’s dividend payout ratio is 65.85%.
About COCA COLA AMATI/ADR
Coca-Cola Amatil Limited, together with its subsidiaries, manufactures, distributes, and markets non-alcoholic and alcoholic ready-to-drink beverages in Australia, New Zealand, Fiji, Indonesia, Papua New Guinea, and Samoa. Its product range includes non-alcoholic sparkling beverages, spring water, sports and energy drinks, fruit juices, iced tea, flavored milk, coffee, tea, beer, cider, and spirits, as well as ready-to-eat fruit and vegetable snacks and products.
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