Media coverage about Coca-Cola Company (The) (NYSE:KO) has trended somewhat positive recently, according to Accern. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Coca-Cola Company (The) earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 51 out of 100, indicating that recent press coverage is somewhat likely to have an effect on the company’s share price in the immediate future.
These are some of the news articles that may have impacted Accern’s scoring:
- Zacks: Brokerages Anticipate Coca-Cola Company (The) (NYSE:KO) to Post $0.49 Earnings Per Share (americanbankingnews.com)
- Former Apple CEO John Sculley is working on a startup that he thinks could become bigger than Apple (finance.yahoo.com)
- Coke is having an existential crisis over sugar—and has set up a $1 million prize to solve it (finance.yahoo.com)
- Nisa Investment Advisors LLC Buys 16685 Shares of Coca-Cola Company (The) (KO) (wisdomsave.com)
- Coca-Cola Company (The) (KO) Earns Daily Media Sentiment Rating of 0.17 (badhub.net)
Several research firms have recently weighed in on KO. BidaskClub downgraded Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a research report 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 report 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 report 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 report 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 for the company in a report on Tuesday, June 27th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $45.70.
Coca-Cola Company (NYSE KO) traded down 0.33% during trading on Friday, reaching $45.59. The company’s stock had a trading volume of 8,357,607 shares. Coca-Cola Company has a 52 week low of $39.88 and a 52 week high of $46.43. The stock has a market capitalization of $194.46 billion, a price-to-earnings ratio of 48.14 and a beta of 0.69. The firm has a 50 day moving average of $45.14 and a 200 day moving average of $43.57.
Coca-Cola Company (The) (NYSE:KO) last posted its quarterly earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.02. The business had revenue of $9.70 billion during the quarter, compared to the consensus estimate of $9.62 billion. Coca-Cola Company (The) had a net margin of 10.68% and a return on equity of 34.53%. Coca-Cola Company (The)’s revenue for the quarter was down 15.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 earnings per share. Analysts expect that Coca-Cola Company will post $1.90 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend is Thursday, September 14th. Coca-Cola Company (The)’s payout ratio is presently 154.17%.
In related news, insider Beatriz R. Perez sold 29,282 shares of the stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $45.20, for a total transaction of $1,323,546.40. Following the completion of the transaction, the insider now owns 118,000 shares in the company, valued at $5,333,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Irial Finan sold 354,146 shares of the stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $45.00, for a total transaction of $15,936,570.00. Following the transaction, the insider now owns 780,258 shares of the company’s stock, valued at approximately $35,111,610. The disclosure for this sale can be found here. Insiders sold 614,841 shares of company stock valued at $27,900,186 in the last ninety days. Insiders own 1.51% of the company’s stock.
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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.
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