According to Zacks, “Coca-Cola’s increased marketing investments are supporting improved volume growth in stable markets like North America. Moreover, the accelerated re-franchising efforts should drive greater returns. Also, Coca-Cola’s new revenue platforms should drive growth over the long term. However, the top line needs to show sustained improvement. Though markets like North America, Japan and India remain strong, continued weakness in some emerging markets like China, Russia and Brazil is holding back significant sales acceleration. At the second quarter conference call, it lowered its 2016 sales outlook due to weakening demand in some large emerging/developing markets. Furthermore, weak sparkling beverage volumes as well as currency and structural headwinds over the next couple of years pose threats. Also, estimates have been moving downward lately ahead of the company's third quarter earnings release.”
A number of other research analysts have also issued reports on KO. Susquehanna restated a hold rating on shares of Coca-Cola in a research report on Sunday, July 17th. Vetr restated a buy rating on shares of Coca-Cola in a research report on Thursday, July 28th. Stifel Nicolaus restated a neutral rating on shares of Coca-Cola in a research report on Friday, September 30th. Sanford C. Bernstein set a $49.00 price target on shares of Coca-Cola and gave the stock a buy rating in a report on Thursday, July 28th. Finally, Goldman Sachs Group Inc. set a $45.00 price target on shares of Coca-Cola and gave the stock a neutral rating in a report on Thursday, July 28th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Coca-Cola has a consensus rating of Hold and a consensus price target of $46.50.
Coca-Cola (NYSE:KO) traded down 0.251% during mid-day trading on Tuesday, reaching $41.735. 2,332,769 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $42.99 and a 200-day moving average of $44.55. The firm has a market cap of $180.13 billion, a price-to-earnings ratio of 24.013 and a beta of 0.59. Coca-Cola has a 12 month low of $40.75 and a 12 month high of $47.13.
Coca-Cola (NYSE:KO) last announced its earnings results on Wednesday, July 27th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.02. Coca-Cola had a net margin of 17.61% and a return on equity of 32.78%. The firm had revenue of $11.50 billion for the quarter, compared to analyst estimates of $11.69 billion. During the same quarter in the prior year, the business posted $0.63 EPS. The business’s revenue was down 5.1% compared to the same quarter last year. Analysts anticipate that Coca-Cola will post $1.91 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Thursday, September 15th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend was Tuesday, September 13th. Coca-Cola’s payout ratio is 80.46%.
Large investors have recently bought and sold shares of the company. MCF Advisors LLC boosted its position in shares of Coca-Cola by 10.0% in the second quarter. MCF Advisors LLC now owns 2,208 shares of the company’s stock worth $100,000 after buying an additional 200 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Coca-Cola by 562.1% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,483 shares of the company’s stock worth $113,000 after buying an additional 2,108 shares in the last quarter. Country Trust Bank boosted its position in shares of Coca-Cola by 25.0% in the second quarter. Country Trust Bank now owns 2,500 shares of the company’s stock worth $113,000 after buying an additional 500 shares in the last quarter. Lenox Wealth Management Inc. boosted its position in shares of Coca-Cola by 38.0% in the second quarter. Lenox Wealth Management Inc. now owns 2,611 shares of the company’s stock worth $118,000 after buying an additional 719 shares in the last quarter. Finally, Tradewinds Capital Management LLC boosted its position in shares of Coca-Cola by 6.8% in the second quarter. Tradewinds Capital Management LLC now owns 2,744 shares of the company’s stock worth $124,000 after buying an additional 174 shares in the last quarter. Institutional investors and hedge funds own 64.33% of the company’s stock.
Coca-Cola Company Profile
The Coca-Cola Company is a beverage company. The Company owns or licenses and markets over 500 nonalcoholic beverage brands, primarily sparkling beverages but also a range of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks.
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