The Coca-Cola Co (NYSE:KO) – Analysts at Jefferies Group increased their FY2018 earnings estimates for shares of The Coca-Cola in a research report issued on Tuesday. Jefferies Group analyst K. Grundy now expects that the company will earn $2.10 per share for the year, up from their previous estimate of $1.99. Jefferies Group has a “Neutral” rating and a $49.00 price target on the stock.
Several other analysts also recently commented on KO. Susquehanna Bancshares set a $41.00 price objective on shares of The Coca-Cola and gave the company a “hold” rating in a research report on Wednesday, October 25th. JPMorgan Chase & Co. set a $48.00 price objective on shares of The Coca-Cola and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. Zacks Investment Research cut shares of The Coca-Cola from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Morgan Stanley set a $48.00 price objective on shares of The Coca-Cola and gave the stock a “neutral” rating in a research note on Thursday, October 26th. Finally, Goldman Sachs Group set a $45.00 price objective on shares of The Coca-Cola and gave the stock a “sell” rating in a research note on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have assigned a buy rating to the company. The Coca-Cola presently has a consensus rating of “Hold” and an average target price of $49.24.
The Coca-Cola (NYSE:KO) traded up $0.47 during trading hours on Thursday, hitting $43.81. 4,616,276 shares of the stock were exchanged, compared to its average volume of 13,742,709. The stock has a market cap of $186,450.00, a P/E ratio of 39.78, a PEG ratio of 3.43 and a beta of 0.70. The company has a quick ratio of 1.25, a current ratio of 1.34 and a debt-to-equity ratio of 1.64. The Coca-Cola has a 12-month low of $41.58 and a 12-month high of $48.62.
The Coca-Cola (NYSE:KO) last released its earnings results on Friday, February 16th. The company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.01. The firm had revenue of $7.51 billion for the quarter, compared to the consensus estimate of $7.36 billion. The Coca-Cola had a net margin of 3.52% and a return on equity of 38.36%. The company’s revenue was down 20.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 EPS.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th will be given a dividend of $0.39 per share. The ex-dividend date is Wednesday, March 14th. This represents a $1.56 annualized dividend and a dividend yield of 3.56%. This is a boost from The Coca-Cola’s previous quarterly dividend of $0.37. The Coca-Cola’s dividend payout ratio (DPR) is presently 134.55%.
In related news, insider Robert Edward Long sold 15,000 shares of the firm’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $47.95, for a total value of $719,250.00. Following the completion of the transaction, the insider now directly owns 24,673 shares of the company’s stock, valued at $1,183,070.35. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Ed Hays sold 84,400 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $47.50, for a total transaction of $4,009,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 122,640 shares of company stock valued at $5,800,776. 1.51% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the stock. Beach Investment Management LLC. purchased a new position in The Coca-Cola during the second quarter worth $736,000. Cullen Frost Bankers Inc. lifted its position in shares of The Coca-Cola by 0.4% during the second quarter. Cullen Frost Bankers Inc. now owns 346,800 shares of the company’s stock worth $15,554,000 after purchasing an additional 1,452 shares during the last quarter. Advisor Partners LLC lifted its position in shares of The Coca-Cola by 20.7% during the second quarter. Advisor Partners LLC now owns 62,236 shares of the company’s stock worth $2,791,000 after purchasing an additional 10,661 shares during the last quarter. Lakeview Capital Partners LLC lifted its position in shares of The Coca-Cola by 19.9% during the second quarter. Lakeview Capital Partners LLC now owns 39,447 shares of the company’s stock worth $1,769,000 after purchasing an additional 6,550 shares during the last quarter. Finally, Financial Advisory Service Inc. lifted its position in shares of The Coca-Cola by 0.4% during the second quarter. Financial Advisory Service Inc. now owns 26,389 shares of the company’s stock worth $1,184,000 after purchasing an additional 100 shares during the last quarter. 65.13% of the stock is owned by hedge funds and other institutional investors.
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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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