The Coca-Cola Co (NYSE:KO) – Equities research analysts at SunTrust Banks upped their FY2018 earnings per share estimates for The Coca-Cola in a research note issued on Monday. SunTrust Banks analyst W. Chappell now forecasts that the company will post earnings per share of $2.10 for the year, up from their previous forecast of $1.98.
The Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. The business had revenue of $9.08 billion during the quarter, compared to the consensus estimate of $8.73 billion. The Coca-Cola had a return on equity of 36.21% and a net margin of 12.20%. The firm’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.49 earnings per share.
KO has been the subject of a number of other research reports. Royal Bank of Canada set a $49.00 price objective on The Coca-Cola and gave the stock a “buy” rating in a report on Sunday, November 12th. Goldman Sachs Group set a $45.00 price objective on The Coca-Cola and gave the stock a “sell” rating in a report on Wednesday, November 15th. Jefferies Group set a $47.00 price objective on The Coca-Cola and gave the stock a “neutral” rating in a report on Friday, October 13th. Zacks Investment Research downgraded The Coca-Cola from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Finally, Wells Fargo & Co upgraded The Coca-Cola from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $46.72 to $51.00 in a report on Tuesday, November 14th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and ten have given a buy rating to the company. The Coca-Cola currently has a consensus rating of “Hold” and a consensus target price of $48.76.
The Coca-Cola (NYSE:KO) traded down $0.03 on Tuesday, reaching $46.04. The company’s stock had a trading volume of 7,581,000 shares, compared to its average volume of 10,900,000. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.30 and a current ratio of 1.39. The company has a market capitalization of $196,160.00, a P/E ratio of 43.85, a price-to-earnings-growth ratio of 3.75 and a beta of 0.70. The Coca-Cola has a twelve month low of $40.22 and a twelve month high of $47.48.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in The Coca-Cola by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 275,221,018 shares of the company’s stock worth $12,343,662,000 after buying an additional 4,818,963 shares in the last quarter. BlackRock Inc. boosted its position in The Coca-Cola by 0.3% in the second quarter. BlackRock Inc. now owns 241,677,773 shares of the company’s stock worth $10,839,247,000 after purchasing an additional 750,257 shares during the last quarter. Capital World Investors boosted its position in The Coca-Cola by 8.9% in the second quarter. Capital World Investors now owns 142,047,166 shares of the company’s stock worth $6,370,815,000 after purchasing an additional 11,593,679 shares during the last quarter. Northern Trust Corp boosted its position in The Coca-Cola by 4.5% in the second quarter. Northern Trust Corp now owns 50,761,341 shares of the company’s stock worth $2,276,647,000 after purchasing an additional 2,167,225 shares during the last quarter. Finally, Capital International Investors boosted its position in The Coca-Cola by 1.0% in the second quarter. Capital International Investors now owns 37,897,916 shares of the company’s stock worth $1,699,722,000 after purchasing an additional 383,733 shares during the last quarter. Institutional investors own 65.30% of the company’s stock.
In other news, insider J Alexander Douglas, Jr. sold 338,009 shares of the firm’s stock in a transaction 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 Securities & Exchange Commission, which is available through this hyperlink. 1.51% of the stock is owned by company insiders.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a dividend of $0.37 per share. The ex-dividend date was Thursday, November 30th. This represents a $1.48 annualized dividend and a dividend yield of 3.21%. The Coca-Cola’s payout ratio is presently 140.95%.
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About The Coca-Cola
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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