Latest Developments On Edwards Lifesciences (EW), Global Payments (GPN), The Coca-Cola (KO)

Albany, New York (10/07/2014) – Insiders are moving to book profits in Edwards Lifesciences Corp (NYSE:EW) or even reduce their equity exposure to the company. In the most recent move the company’s VP, Donald E. Bobo, Jr., unloaded 25,000 shares at an average price of $105 apiece. The transaction fetched 2,625,000 in proceeds, but left Bobo will 20,721 more shares in EW. The insider selling was disclosed in SEC filing and happened at a time when the stock of EW is up more than 62% year-to-date. Edwards Lifesciences Corp (NYSE:EW) reported EPS of $0.88 in the most recent quarter, which was better than $0.77 that analysts estimated on the average. It generated revenue of $547 million for the quarter, ahead of the consensus estimate $545.10 million. Revenue in the latest quarter was up 11.2% YoY.

Zacks revealed that Global Payments Inc (NYSE:GPN) has witnessed nine positive EPS revision in the past 30 days, a period in which its Zacks consensus estimate also moved up. The movement in the EPS revisions suggests that solid trading could be lying ahead for GPN, which is why investors are good to keep a close eye on the stock. Meanwhile, analysts at SunTrust reiterated their “neutral” rating on the stock and set a target price of $70 on it, up from $67 in the previous note. The increase in the target price for the stock of Global Payments Inc (NYSE:GPN) comes just when the provider of electronic payment solutions announced a hike in its fiscal 2015 EPS and revenue. The company expects EPS in the range of $4.65-$4.75 and sales in the range of $2.74-$2.79 billion.

The Coca-Cola Company (NYSE:KO) has agreed to settle a class-action lawsuit involving its bottled water known as Glacéau Vitaminwater. The beverage maker was accused of using deceptive labeling and inaccurate marketing statement in promoting the product. The amount of money involved in the settlement was not immediately disclosed. However, The Coca-Cola Company (NYSE:KO) said it would enhance the label of the product by including calories-count per bottle. It will also desist from making certain marketing claims about the product.

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Barry is a senior journalist at Us Markets Daily. He reports, shoots and edits many of his own stories by himself.

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