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One Factor Weighing Down Coca-Cola (KO) Stock Today

NEW YORK (TheStreet) -- The Coca-Cola Co. (KO - Get Report) stock is declining on Monday afternoon as First Global analysts see limited upside to the company, despite the beverage and snack giant reporting strong third quarter earnings last week, Barron' reports.

For the third quarter of fiscal 2015, the Atlanta-based company earned $1.35 a share on revenue of $16.33 billion. Analysts had expected the company to earn $1.27 a share on revenue of $16.22 billion.

However, First Global analysts said, "Venezuela remains a trouble spot due to its currency devaluation."

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As a result, analysts lowered their 2015 earnings estimate to $4.56 from $4.57, and 2015 earnings estimate to $4.80 from $4.91.

The firm maintained its "market perform" rating on the stock.

Despite the devaluation impact putting pressure on shares, analysts noted that in its third quarter, the company performed well in its organic revenue growth, which was helped by North...