Don't forget they expect another earnings decline this year....

Don't forget they expect another earnings decline this year. They may be nearing a turn around but it is only a turnaround to single figure growth. You are still paying a pe of 15-20 for a company with single digit growth (by managements estimates which are always optimistic). While I like coke I wouldn't go saying this is an undervalued company it is pricey at this point and bloater may well enjoy further price declines when this years results come in.
if you assume 5% yield as forecast and 5% growth then that would give you 10% total return or 1.5% less than the long term market average. nonetheless, the changes are a good sign and we are close to reasonable value

I hold some coke for diversification but I'll be staying away from increasing the investment unless it falls to between 6-7 per share. The numbers don't justify a higher price.