The downgrade comes after competitor PepsiCo (PEP) posted stronger-than-expected results for the 2016 third quarter today, the Fly reports.
Stifel noted that organic earnings per share growth at Coca-Cola and Pepsi appears to be similar, but the firm believes that Pepsi is less vulnerable to foreign exchange fluctuations.
Additionally, the firm said that Coca-Cola European Bottlers (CCE) is a better investment than Coca-Cola due to the large amount of revenue synergies that the company has identified, the Fly noted.
Separately, Dunkin Brands (DNKN) announced today that it will launch a line of ready-to-drink coffees in the U.S. early next year. Coca-Cola will manufacture, distribute and sell the product, according to a company statement.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of B on Coca-Cola stock.
The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, growth in earnings per share, increase in net income, notable return on equity and reasonable valuation levels.
The team believes its strengths outweigh the fact that the company shows weak operating cash flow.
You can view the full analysis from the report here: KO