Coca-Cola Company (The) (NYSE:KO) Forecasted to Earn FY2017 Earnings of $1.92 Per Share

Coca-Cola Company (The) (NYSE:KO) – Analysts at Jefferies Group boosted their FY2017 EPS estimates for Coca-Cola Company (The) in a report released on Wednesday, Zacks Investment Research reports. Jefferies Group analyst K. Grundy now forecasts that the company will post earnings of $1.92 per share for the year, up from their previous estimate of $1.91. Jefferies Group has a “Hold” rating and a $47.00 price target on the stock. Jefferies Group also issued estimates for Coca-Cola Company (The)’s Q4 2017 earnings at $0.39 EPS, FY2018 earnings at $1.99 EPS and FY2019 earnings at $2.10 EPS.

Coca-Cola Company (The) (NYSE:KO) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.01. Coca-Cola Company (The) had a net margin of 12.20% and a return on equity of 36.21%. The business had revenue of $9.08 billion for the quarter, compared to the consensus estimate of $8.73 billion. During the same quarter in the previous year, the firm earned $0.49 earnings per share. The company’s revenue for the quarter was down 14.6% on a year-over-year basis.

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KO has been the topic of several other research reports. Vetr raised shares of Coca-Cola Company (The) from a “sell” rating to a “strong-buy” rating in a report on Tuesday, September 12th. UBS AG lifted their price target on shares of Coca-Cola Company (The) from $49.00 to $51.00 and gave the company a “buy” rating in a report on Thursday, July 27th. Deutsche Bank AG reiterated a “hold” rating and set a $46.00 price objective (up previously from $44.00) on shares of Coca-Cola Company (The) in a research report on Thursday, July 27th. Zacks Investment Research cut shares of Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, BMO Capital Markets reiterated a “hold” rating and set a $47.00 price objective on shares of Coca-Cola Company (The) in a research report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $47.16.

Shares of Coca-Cola Company (NYSE KO) traded up $0.31 during trading hours on Friday, reaching $46.54. 8,022,800 shares of the company’s stock traded hands, compared to its average volume of 11,431,871. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.39 and a quick ratio of 1.30. Coca-Cola Company has a twelve month low of $39.88 and a twelve month high of $46.98. The stock has a market capitalization of $196,970.64, a P/E ratio of 24.46, a P/E/G ratio of 3.91 and a beta of 0.70.

Several institutional investors and hedge funds have recently modified their holdings of the company. Waldron LP lifted its stake in Coca-Cola Company (The) by 45.2% in the first quarter. Waldron LP now owns 12,666 shares of the company’s stock worth $536,000 after acquiring an additional 3,944 shares during the period. Acadian Asset Management LLC lifted its stake in Coca-Cola Company (The) by 0.6% in the first quarter. Acadian Asset Management LLC now owns 8,117,346 shares of the company’s stock worth $344,498,000 after acquiring an additional 47,393 shares during the period. Independent Portfolio Consultants Inc. lifted its stake in Coca-Cola Company (The) by 1,065.9% in the first quarter. Independent Portfolio Consultants Inc. now owns 26,815 shares of the company’s stock worth $1,138,000 after acquiring an additional 24,515 shares during the period. Excalibur Management Corp lifted its stake in Coca-Cola Company (The) by 17.4% in the first quarter. Excalibur Management Corp now owns 66,815 shares of the company’s stock worth $2,836,000 after acquiring an additional 9,910 shares during the period. Finally, Sit Investment Associates Inc. lifted its stake in Coca-Cola Company (The) by 23.3% in the first quarter. Sit Investment Associates Inc. now owns 40,475 shares of the company’s stock worth $1,718,000 after acquiring an additional 7,655 shares during the period. 64.79% of the stock is owned by hedge funds and other institutional investors.

In other news, insider J Alexander Douglas, Jr. sold 338,009 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $46.09, for a total transaction of $15,578,834.81. Following the completion of the sale, the insider now directly owns 320,013 shares of the company’s stock, valued at $14,749,399.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian John Smith sold 100,000 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $46.10, for a total transaction of $4,610,000.00. Following the sale, the insider now directly owns 136,385 shares of the company’s stock, valued at $6,287,348.50. The disclosure for this sale can be found here. 1.51% of the stock is owned by insiders.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend is Thursday, November 30th. Coca-Cola Company (The)’s payout ratio is 140.95%.

Coca-Cola Company (The) Company Profile

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.

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Earnings History and Estimates for Coca-Cola Company (The) (NYSE:KO)

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