Coca-Cola Company (The) (NYSE:KO) – Equities researchers at Jefferies Group increased their FY2018 EPS estimates for Coca-Cola Company (The) in a research note issued on Thursday. Jefferies Group analyst K. Grundy now anticipates that the company will earn $1.98 per share for the year, up from their previous forecast of $1.97. Jefferies Group currently has a “Neutral” rating and a $45.00 target price on the stock.

KO has been the topic of several other research reports. BidaskClub lowered Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $41.00 price target on shares of Coca-Cola Company (The) in a research note on Monday, April 24th. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and issued a $41.00 price target on shares of Coca-Cola Company (The) in a research note on Wednesday, April 26th. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $43.00 price target on shares of Coca-Cola Company (The) in a research note on Friday, April 28th. Finally, Zacks Investment Research raised Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Tuesday, June 27th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have given a buy rating to the company. Coca-Cola Company (The) has a consensus rating of “Hold” and an average price target of $44.80.

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Coca-Cola Company (KO) traded up 0.09% on Friday, hitting $44.44. The stock had a trading volume of 2,864,772 shares. The company has a 50-day moving average of $44.99 and a 200 day moving average of $42.80. The company has a market cap of $189.87 billion, a PE ratio of 31.27 and a beta of 0.69. Coca-Cola Company has a 12 month low of $39.88 and a 12 month high of $46.06.

Coca-Cola Company (The) (NYSE:KO) last posted its earnings results on Tuesday, April 25th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by $0.01. The firm had revenue of $9.12 billion for the quarter, compared to the consensus estimate of $8.85 billion. Coca-Cola Company (The) had a net margin of 15.30% and a return on equity of 33.17%. The firm’s revenue was down 11.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.45 earnings per share.

The business also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Thursday, June 15th were issued a dividend of $0.37 per share. The ex-dividend date was Tuesday, June 13th. This represents a $1.48 annualized dividend and a yield of 3.33%. Coca-Cola Company (The)’s dividend payout ratio (DPR) is 103.50%.

In other news, insider Beatriz R. Perez sold 29,282 shares of the stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $45.20, for a total value of $1,323,546.40. Following the transaction, the insider now owns 118,000 shares in the company, valued at approximately $5,333,600. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Brian John Smith sold 87,800 shares of the stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $43.43, for a total value of $3,813,154.00. Following the completion of the transaction, the insider now owns 149,185 shares in the company, valued at approximately $6,479,104.55. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 493,228 shares of company stock worth $22,024,770. 1.51% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KO. Norges Bank purchased a new stake in shares of Coca-Cola Company (The) during the fourth quarter worth about $1,486,731,000. Asset Management One Co. Ltd. boosted its stake in Coca-Cola Company (The) by 845.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 7,250,023 shares of the company’s stock worth $300,667,000 after buying an additional 6,483,151 shares during the last quarter. Aristotle Capital Management LLC boosted its stake in Coca-Cola Company (The) by 17,376.6% in the fourth quarter. Aristotle Capital Management LLC now owns 4,893,457 shares of the company’s stock worth $202,883,000 after buying an additional 4,865,457 shares during the last quarter. Federated Investors Inc. PA boosted its stake in Coca-Cola Company (The) by 40.5% in the fourth quarter. Federated Investors Inc. PA now owns 16,587,254 shares of the company’s stock worth $687,708,000 after buying an additional 4,778,914 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in Coca-Cola Company (The) by 66.1% in the first quarter. Canada Pension Plan Investment Board now owns 8,514,228 shares of the company’s stock worth $361,344,000 after buying an additional 3,387,300 shares during the last quarter. Institutional investors and hedge funds own 63.94% 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)

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