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. “
Several other brokerages have also commented on KO. Deutsche Bank AG restated a buy rating on shares of Coca-Cola in a research note on Sunday, July 24th. Sanford C. Bernstein restated an outperform rating and set a $49.00 price target on shares of Coca-Cola in a research note on Wednesday, August 10th. Vetr upgraded shares of Coca-Cola from a buy rating to a strong-buy rating and set a $49.32 price target on the stock in a research note on Tuesday, August 2nd. BMO Capital Markets reaffirmed an outperform rating on shares of Coca-Cola in a report on Friday, July 15th. Finally, SunTrust Banks Inc. reaffirmed a buy rating on shares of Coca-Cola in a report on Sunday, July 31st. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $46.75.
Coca-Cola (NYSE:KO) opened at 42.03 on Tuesday. Coca-Cola has a 12-month low of $39.36 and a 12-month high of $47.13. The company’s 50 day moving average is $43.16 and its 200 day moving average is $44.63. The firm has a market cap of $181.40 billion, a price-to-earnings ratio of 24.18 and a beta of 0.57.
Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.60 EPS for the quarter, topping the Thomson Reuters’ 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 company 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. Coca-Cola’s quarterly revenue was down 5.1% on a year-over-year basis. On average, equities analysts anticipate that Coca-Cola will post $1.91 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 15th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.33%. The ex-dividend date is Tuesday, September 13th. Coca-Cola’s payout ratio is presently 80.46%.
A number of large investors have recently bought and sold shares of the stock. Exchange Capital Management Inc. boosted its stake in Coca-Cola by 12.5% in the first quarter. Exchange Capital Management Inc. now owns 12,865 shares of the company’s stock valued at $597,000 after buying an additional 1,432 shares during the last quarter. Franklin Street Advisors Inc. NC boosted its stake in Coca-Cola by 6.0% in the first quarter. Franklin Street Advisors Inc. NC now owns 38,784 shares of the company’s stock valued at $1,799,000 after buying an additional 2,179 shares during the last quarter. Prospera Financial Services Inc boosted its stake in Coca-Cola by 8.7% in the first quarter. Prospera Financial Services Inc now owns 12,103 shares of the company’s stock valued at $560,000 after buying an additional 969 shares during the last quarter. Webster Bank N. A. boosted its stake in Coca-Cola by 8.0% in the first quarter. Webster Bank N. A. now owns 40,058 shares of the company’s stock valued at $1,858,000 after buying an additional 2,952 shares during the last quarter. Finally, Monroe Bank & Trust MI boosted its stake in Coca-Cola by 1.9% in the first quarter. Monroe Bank & Trust MI now owns 9,878 shares of the company’s stock valued at $458,000 after buying an additional 186 shares during the last quarter. Hedge funds and other institutional investors own 64.33% of the company’s stock.
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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