Brokers Offer Predictions for Coca-Cola Company (The)’s Q1 2018 Earnings (KO)

Coca-Cola Company (The) (NYSE:KO) – Investment analysts at SunTrust Banks lifted their Q1 2018 earnings per share estimates for shares of Coca-Cola Company (The) in a research note issued to investors on Wednesday. SunTrust Banks analyst W. Chappell now expects that the company will earn $0.42 per share for the quarter, up from their prior estimate of $0.41. SunTrust Banks also issued estimates for Coca-Cola Company (The)’s Q4 2018 earnings at $0.44 EPS.

Other equities research analysts also recently issued research reports about the company. Sanford C. Bernstein set a $49.00 price target on Coca-Cola Company (The) and gave the stock a “buy” rating in a research report on Tuesday, July 11th. Vetr raised Coca-Cola Company (The) from a “sell” rating to a “strong-buy” rating in a research report on Tuesday, September 12th. Royal Bank Of Canada reissued a “buy” rating and set a $49.00 price target on shares of Coca-Cola Company (The) in a research report on Wednesday, September 6th. Jefferies Group LLC reissued a “hold” rating and set a $47.00 price target on shares of Coca-Cola Company (The) in a research report on Thursday, September 7th. 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 report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have given a buy rating to the company’s stock. Coca-Cola Company (The) currently has an average rating of “Hold” and a consensus price target of $47.16.

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Shares of Coca-Cola Company (NYSE KO) opened at 46.07 on Monday. The firm has a market cap of $196.50 billion, a price-to-earnings ratio of 48.65 and a beta of 0.70. Coca-Cola Company has a one year low of $39.88 and a one year high of $46.98. The stock’s 50 day moving average price is $45.91 and its 200 day moving average price is $45.09.

Coca-Cola Company (The) (NYSE:KO) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.01. Coca-Cola Company (The) had a return on equity of 36.21% and a net margin of 12.20%. The company had revenue of $9.08 billion for the quarter, compared to analyst estimates of $8.73 billion. During the same quarter last year, the firm earned $0.49 EPS. Coca-Cola Company (The)’s revenue for the quarter was down 14.6% compared to the same quarter last year.

A number of large investors have recently made changes to their positions in KO. Signature Estate & Investment Advisors LLC grew its holdings in Coca-Cola Company (The) by 5.0% during the 1st quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock worth $116,000 after acquiring an additional 129 shares during the period. Meeder Asset Management Inc. grew its holdings in Coca-Cola Company (The) by 59.4% during the 2nd quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock worth $124,000 after acquiring an additional 1,026 shares during the period. Almanack Investment Partners LLC. acquired a new stake in Coca-Cola Company (The) during the 2nd quarter worth about $142,000. Perkins Coie Trust Co grew its holdings in Coca-Cola Company (The) by 21.9% during the 2nd quarter. Perkins Coie Trust Co now owns 3,180 shares of the company’s stock worth $143,000 after acquiring an additional 572 shares during the period. Finally, SRS Capital Advisors Inc. grew its holdings in Coca-Cola Company (The) by 8.6% during the 1st quarter. SRS Capital Advisors Inc. now owns 3,326 shares of the company’s stock worth $141,000 after acquiring an additional 264 shares during the period. 64.62% of the stock is owned by institutional investors and hedge funds.

In related news, insider Jennifer K. Mann sold 8,819 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $45.61, for a total transaction of $402,234.59. Following the completion of the transaction, the insider now directly owns 30,553 shares of the company’s stock, valued at approximately $1,393,522.33. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider J Alexander Douglas, Jr. sold 180,738 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $45.99, for a total value of $8,312,140.62. Following the transaction, the insider now directly owns 315,606 shares of the company’s stock, valued at $14,514,719.94. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 324,979 shares of company stock valued at $14,948,552. 1.51% of the stock is owned by corporate insiders.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.21%. The ex-dividend date is Thursday, November 30th. Coca-Cola Company (The)’s dividend payout ratio is currently 140.95%.

About Coca-Cola Company (The)

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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