Gabelli Weighs in on The Coca-Cola Co’s FY2018 Earnings (KO)

The Coca-Cola Co (NYSE:KO) – Analysts at Gabelli upped their FY2018 earnings estimates for shares of The Coca-Cola in a note issued to investors on Tuesday. Gabelli analyst D. Witkowski now expects that the company will earn $2.10 per share for the year, up from their previous estimate of $2.05. Gabelli also issued estimates for The Coca-Cola’s FY2019 earnings at $2.25 EPS, FY2020 earnings at $2.45 EPS, FY2021 earnings at $2.65 EPS and FY2022 earnings at $2.85 EPS.

The Coca-Cola (NYSE:KO) last issued 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 business 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 firm’s revenue for the quarter was down 20.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.37 earnings per share.

Other equities analysts also recently issued reports about the stock. Stifel Nicolaus restated a “hold” rating and set a $49.00 target price on shares of The Coca-Cola in a report on Friday, December 22nd. Goldman Sachs Group set a $49.00 target price on shares of The Coca-Cola and gave the stock a “sell” rating in a report on Wednesday, January 10th. Morgan Stanley set a $48.00 target price on shares of The Coca-Cola and gave the stock a “neutral” rating in a report on Thursday, October 26th. JPMorgan Chase & Co. restated a “neutral” rating and set a target price (up from ) on shares of The Coca-Cola in a report on Friday, February 16th. Finally, Zacks Investment Research downgraded shares of The Coca-Cola from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $49.24.

Shares of The Coca-Cola (KO) traded up $0.30 on Wednesday, reaching $43.82. 3,697,192 shares of the company were exchanged, compared to its average volume of 13,702,512. The firm has a market capitalization of $186,750.00, a P/E ratio of 39.85, a price-to-earnings-growth ratio of 2.67 and a beta of 0.70. The Coca-Cola has a fifty-two week low of $41.58 and a fifty-two week high of $48.62. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.25 and a current ratio of 1.34.

Several hedge funds have recently added to or reduced their stakes in KO. Santori & Peters Inc. bought a new stake in The Coca-Cola during the fourth quarter worth about $127,000. Veritas Investment Management LLP bought a new stake in The Coca-Cola during the third quarter worth about $135,000. Spectrum Management Group Inc. bought a new stake in The Coca-Cola during the third quarter worth about $137,000. Legacy Advisors LLC bought a new stake in The Coca-Cola during the third quarter worth about $139,000. Finally, Goodman Financial Corp bought a new stake in The Coca-Cola during the fourth quarter worth about $143,000. Institutional investors and hedge funds own 65.13% of the company’s stock.

In related news, CFO Kathy N. Waller sold 23,240 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $46.15, for a total value of $1,072,526.00. Following the transaction, the chief financial officer now directly owns 123,796 shares in the company, valued at $5,713,185.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Edward Long sold 15,000 shares of the company’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $47.95, for a total transaction of $719,250.00. Following the completion of the transaction, the insider now owns 24,673 shares in the company, valued at $1,183,070.35. The disclosure for this sale can be found here. Over the last quarter, insiders sold 122,640 shares of company stock worth $5,800,776. Corporate insiders own 1.51% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be issued a $0.39 dividend. This is an increase from The Coca-Cola’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend is Wednesday, March 14th. The Coca-Cola’s payout ratio is currently 134.55%.

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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.

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

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