Coca-Cola Co (NYSE: KO) shares are trading lower by 1.3% to $51.68 Friday morning, marking a new 52-week low. Shares of food, beer and soft drink stocks are trading lower. Media reports attribute weakness to recent comments from Walmart's (NYSE: WMT) CEO, which suggested weight loss drugs may be impacting food sales.
Increased awareness of health and wellness can drive consumers to make healthier choices, including reducing their consumption of sugary drinks. This could result in lower demand for Coca-Cola's products, as they are often associated with ...