The Coca-Cola Company (NYSE:KO) – Analysts at Jefferies Group cut their Q2 2018 earnings per share estimates for The Coca-Cola in a research note issued on Tuesday, April 24th. Jefferies Group analyst K. Grundy now forecasts that the company will post earnings of $0.60 per share for the quarter, down from their prior estimate of $0.64. Jefferies Group has a “Neutral” rating and a $49.00 price objective on the stock. Jefferies Group also issued estimates for The Coca-Cola’s Q3 2018 earnings at $0.57 EPS and Q4 2018 earnings at $0.46 EPS.
Several other research firms have also recently weighed in on KO. JPMorgan Chase reiterated a “neutral” rating and issued a target price (up previously from ) on shares of The Coca-Cola in a research note on Friday, February 16th. Zacks Investment Research cut shares of The Coca-Cola from a “buy” rating to a “hold” rating in a research note on Thursday. Barclays reiterated a “neutral” rating and issued a $45.00 target price on shares of The Coca-Cola in a research note on Thursday, March 15th. Goldman Sachs upgraded shares of The Coca-Cola from a “sell” rating to a “neutral” rating and set a $46.00 target price for the company in a research note on Tuesday, April 17th. Finally, Morningstar set a $48.50 target price on shares of The Coca-Cola and gave the company a “buy” rating in a research note on Wednesday, February 28th. Fourteen investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $49.45.
NYSE KO opened at $42.75 on Thursday. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.21 and a quick ratio of 1.25. The Coca-Cola has a twelve month low of $41.90 and a twelve month high of $48.62. The stock has a market capitalization of $183,732.56, a P/E ratio of 22.38, a P/E/G ratio of 2.50 and a beta of 0.72.
The Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Tuesday, April 24th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.01. The company had revenue of $7.60 billion for the quarter, compared to the consensus estimate of $7.32 billion. The Coca-Cola had a return on equity of 39.54% and a net margin of 4.23%. The firm’s revenue was down 16.6% compared to the same quarter last year. During the same period last year, the business posted $0.43 earnings per share.
Institutional investors have recently modified their holdings of the stock. Carillon Tower Advisers Inc. acquired a new stake in shares of The Coca-Cola in the fourth quarter valued at approximately $19,247,000. Virtu Financial LLC increased its holdings in shares of The Coca-Cola by 402.4% in the fourth quarter. Virtu Financial LLC now owns 44,938 shares of the company’s stock valued at $2,062,000 after purchasing an additional 35,994 shares in the last quarter. State of Tennessee Treasury Department increased its holdings in shares of The Coca-Cola by 8.8% in the fourth quarter. State of Tennessee Treasury Department now owns 1,682,097 shares of the company’s stock valued at $77,175,000 after purchasing an additional 135,896 shares in the last quarter. River & Mercantile Asset Management LLP increased its holdings in shares of The Coca-Cola by 40.8% in the fourth quarter. River & Mercantile Asset Management LLP now owns 145,130 shares of the company’s stock valued at $6,668,000 after purchasing an additional 42,040 shares in the last quarter. Finally, Manchester Capital Management LLC increased its holdings in shares of The Coca-Cola by 19.9% in the fourth quarter. Manchester Capital Management LLC now owns 45,818 shares of the company’s stock valued at $2,102,000 after purchasing an additional 7,620 shares in the last quarter. 66.03% of the stock is owned by institutional investors and hedge funds.
In related news, insider Jennifer K. Mann sold 1,883 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $45.00, for a total value of $84,735.00. Following the completion of the sale, the insider now owns 98,995 shares of the company’s stock, valued at $4,454,775. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.48% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Stockholders of record on Friday, June 15th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.65%. The Coca-Cola’s dividend payout ratio (DPR) is currently 81.68%.
About The Coca-Cola
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plant?based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
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