Coca-Cola Company (The) (NYSE:KO) updated its FY17 earnings guidance on Thursday. The company provided EPS guidance of $1.87-1.91 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.89.
Several research firms have weighed in on KO. Credit Suisse Group reaffirmed a buy rating and set a $49.00 target price on shares of Coca-Cola Company (The) in a research note on Monday, July 24th. Macquarie began coverage on Coca-Cola Company (The) in a research note on Friday, September 15th. They set a neutral rating and a $47.00 target price on the stock. Susquehanna Bancshares Inc set a $39.00 target price on Coca-Cola Company (The) and gave the company a hold rating in a research note on Wednesday, July 26th. Zacks Investment Research cut Coca-Cola Company (The) from a buy rating to a hold rating in a research note on Tuesday, August 1st. Finally, BidaskClub raised Coca-Cola Company (The) from a sell rating to a hold rating in a research note on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $47.54.
Coca-Cola Company (NYSE KO) opened at $45.71 on Friday. Coca-Cola Company has a 1-year low of $39.88 and a 1-year high of $47.48. The company has a market capitalization of $198,330.00, a P/E ratio of 25.09, a PEG ratio of 4.01 and a beta of 0.70. The company has a current ratio of 1.39, a quick ratio of 1.30 and a debt-to-equity ratio of 1.47.
Coca-Cola Company (The) (NYSE:KO) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. Coca-Cola Company (The) had a return on equity of 36.21% and a net margin of 12.20%. The company had revenue of $9.08 billion during the quarter, compared to analyst estimates of $8.73 billion. During the same period in the previous year, the company earned $0.49 earnings per share. The company’s quarterly revenue was down 14.6% compared to the same quarter last year. equities research analysts anticipate that Coca-Cola Company will post 1.9 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.37 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.24%. Coca-Cola Company (The)’s dividend payout ratio (DPR) is presently 140.95%.
In other news, insider J Alexander Douglas, Jr. sold 338,009 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $46.09, for a total transaction of $15,578,834.81. Following the completion of the transaction, the insider now directly owns 320,013 shares in the company, valued at $14,749,399.17. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.51% of the stock is owned by insiders.
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Several hedge funds and other institutional investors have recently modified their holdings of KO. Janus Henderson Group PLC raised its stake in shares of Coca-Cola Company (The) by 1,117.2% in the second quarter. Janus Henderson Group PLC now owns 13,339,286 shares of the company’s stock valued at $598,273,000 after purchasing an additional 12,243,387 shares in the last quarter. Capital World Investors raised its stake in shares of Coca-Cola Company (The) by 8.9% in the second quarter. Capital World Investors now owns 142,047,166 shares of the company’s stock valued at $6,370,815,000 after purchasing an additional 11,593,679 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Coca-Cola Company (The) by 1.8% in the second quarter. Vanguard Group Inc. now owns 275,221,018 shares of the company’s stock valued at $12,343,662,000 after purchasing an additional 4,818,963 shares in the last quarter. HS Management Partners LLC acquired a new position in shares of Coca-Cola Company (The) in the second quarter valued at $152,243,000. Finally, Lazard Asset Management LLC raised its stake in shares of Coca-Cola Company (The) by 13.3% in the second quarter. Lazard Asset Management LLC now owns 27,715,975 shares of the company’s stock valued at $1,243,060,000 after purchasing an additional 3,243,942 shares in the last quarter. Institutional investors and hedge funds own 64.92% of the company’s stock.
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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