Coca-Cola Company (The) (KO) Issues FY17 Earnings Guidance

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.

WARNING: “Coca-Cola Company (The) (KO) Issues FY17 Earnings Guidance” was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this piece can be read at https://www.dispatchtribunal.com/2017/11/18/coca-cola-company-the-ko-issues-fy17-earnings-guidance.html.

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.

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

Receive News & Ratings for Coca-Cola Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply