Latest Research Reports on Stocks to Watch: Coca-Cola and McDonald’s

NEW YORK, NY / ACCESSWIRE / January 10, 2017 / The Dow Jones Industrial Average pulled back Monday after nearly breaking the 20,000 point plateau Friday. Declines by financial and energy sectors pressured the Index lower. On Monday, the Dow declined 0.38 percent to close at 19,887.38, in its previous session the Dow touched a high of 19,999.63. “Our view about the Dow (hitting) 20,000 is not a matter of if, but a matter of when,” said Matt Jones, U.S. head of equity strategy at J.P. Morgan Private Bank in New York.

The S&P 500 Index declined 0.35 percent to close at 2,268.90. The technology sector was the largest gainer on Monday as Apple posted a 0.92 percent gain as January 9th marked the 10th anniversary of the iPhone’s debut. As we enter into earnings season with the big banks later this week, companies in the S&P 500 Index are expected to post a profit increase of 5.8 percent year-over-year in the recent quarter, according to Thomson Reuters I/B/E/S.

The Coca-Cola Co. (NYSE: KO)

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Coca-Cola shares declined 1.01 percent to close at $41.32 a share Monday. The stock traded between $41.21 and $41.58 on volume of 14.82 million shares traded. Analysts at Goldman Sachs have recently downgraded the company’s rating to “sell” from “neutral” and have also lowered its price target on the stock to $39 from $41.

“KO’s sales growth is also likely to again be sub-par in 2017, as we see its organic sales growth continuing to lag the global non-alcoholic beverage category given a portfolio mix that still skews to slower-growth categories,” analyst Judy Hong wrote in a note to clients Monday. “We expect KO to be a relative underperformer in staples again in 2017 based on downside risk we see to consensus estimates on refranchising/FX headwind to EPS.”

McDonald’s Corporation (NYSE: MCD)

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McDonald’s shares declined 0.27 percent to close at $120.43 a share Monday. The stock traded between $120.33 and $121.06 on volume of 3.02 million shares traded. On January 9th, the Company announced that it has agreed to sell a controlling stake in its businesses in mainland China and Hong Kong to a group of investors led by to state-backed Chinese conglomerate CITIC Ltd and the Carlyle Group LP in a deal worth up to $2.1 billion. After completion of the transaction, CITIC and CITIC Capital will have a controlling stake of 52%, while Carlyle and McDonald’s will have interests of 28% and 20%, respectively.

McDonald’s CEO Steve Easterbrook said, “China and Hong Kong represent an enormous growth opportunity for McDonald’s. This new partnership will combine one of the world’s most powerful brands and our unparalleled quality standards with partners who have an unmatched understanding of the local markets and bring enhanced capabilities and new partnerships, all with a proven record of success. By working together, we will unlock even faster growth and be closer to the customers and communities we serve as McDonald’s works to be the leading Quick Service Restaurant across the Chinese mainland and Hong Kong.”

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