Coke, along with many other beverage-makers, has been struggling for volumes in developed markets including North America, Japan and Western Europe, all of which showed volume declines in the third quarter, according to J.P. Morgan.
Coke has offset softer volumes with higher pricing. Meanwhile, volume growth in emerging markets remain strong.
Coke stock has fallen by 2.3% to $54.90 in morning trading, while rival PepsiCo (PEP) has slipped 0.8% to $60.50. Dr Pepper Snapple (DPS) has fallen by 1.2% to $28.70, while Jones Soda (JSDA) has risen by 6.7% to 48 cents.
-- Reported by Andrea Tse in New York>>See our new stock quote page. Follow TheStreet.com on Twitter and become a fan on Facebook.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV