Coca-Cola Company (The) (KO) Expected to Earn Q1 2018 Earnings of $0.42 Per Share

Coca-Cola Company (The) (NYSE:KO) – Research analysts at SunTrust Banks lifted their Q1 2018 earnings per share (EPS) estimates for shares of Coca-Cola Company (The) in a research report issued to clients and investors on Wednesday. SunTrust Banks analyst W. Chappell now anticipates that the company will post earnings per share of $0.42 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.

Coca-Cola Company (The) (NYSE:KO) last released its earnings results on Wednesday, October 25th. The company reported $0.50 earnings per share for the quarter, beating 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 analysts’ expectations of $8.73 billion. During the same quarter in the previous year, the business posted $0.49 EPS. The business’s revenue for the quarter was down 14.6% on a year-over-year basis.

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Other equities research analysts have also issued research reports about the company. Credit Suisse Group reaffirmed a “buy” rating and set a $49.00 price target on shares of Coca-Cola Company (The) in a research report on Monday, July 24th. Macquarie assumed coverage on Coca-Cola Company (The) in a research report on Friday, September 15th. They set a “neutral” rating and a $47.00 price target on the stock. Stifel Nicolaus reaffirmed a “hold” rating and set a $45.00 price target on shares of Coca-Cola Company (The) in a research report on Friday, July 14th. Susquehanna Bancshares Inc set a $39.00 price target on Coca-Cola Company (The) and gave the stock a “hold” rating in a research report on Wednesday, July 26th. Finally, BidaskClub raised Coca-Cola Company (The) from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $47.16.

Coca-Cola Company (NYSE KO) traded down 0.22% during trading on Monday, reaching $45.88. The company’s stock had a trading volume of 4,759,943 shares. Coca-Cola Company has a 52 week low of $39.88 and a 52 week high of $46.98. The firm has a market cap of $195.69 billion, a P/E ratio of 48.45 and a beta of 0.70. The stock’s 50 day moving average is $45.88 and its 200-day moving average is $45.16.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.37 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.48 annualized dividend and a dividend yield of 3.22%. Coca-Cola Company (The)’s dividend payout ratio is currently 140.95%.

In other news, insider Jennifer K. Mann sold 8,819 shares of Coca-Cola Company (The) stock in a transaction that occurred 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 in the company, valued at approximately $1,393,522.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert Edward Long sold 26,470 shares of Coca-Cola Company (The) stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $45.88, for a total value of $1,214,443.60. Following the transaction, the insider now owns 45,393 shares of the company’s stock, valued at $2,082,630.84. The disclosure for this sale can be found here. Insiders have sold a total of 144,241 shares of company stock valued at $6,636,411 over the last quarter. 1.51% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Blue Granite Capital LLC boosted its stake in shares of Coca-Cola Company (The) by 266.1% during the 3rd quarter. Blue Granite Capital LLC now owns 30,475 shares of the company’s stock worth $1,372,000 after acquiring an additional 22,150 shares during the period. Shine Investment Advisory Services Inc. boosted its stake in shares of Coca-Cola Company (The) by 102.2% during the 3rd quarter. Shine Investment Advisory Services Inc. now owns 3,185 shares of the company’s stock worth $143,000 after acquiring an additional 1,610 shares during the period. State of Wisconsin Investment Board boosted its stake in shares of Coca-Cola Company (The) by 6.1% during the 3rd quarter. State of Wisconsin Investment Board now owns 4,737,251 shares of the company’s stock worth $213,224,000 after acquiring an additional 270,419 shares during the period. Legacy Advisors LLC bought a new position in shares of Coca-Cola Company (The) during the 3rd quarter worth approximately $139,000. Finally, Stevens Capital Management LP bought a new position in shares of Coca-Cola Company (The) during the 3rd quarter worth approximately $10,236,000. Institutional investors own 64.62% of the company’s stock.

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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