KO has been the subject of a number of other reports. JPMorgan Chase & Co. restated a $45.12 rating and set a $49.00 price objective on shares of The Coca-Cola in a research report on Wednesday, July 18th. TheStreet upgraded The Coca-Cola from a c+ rating to a b- rating in a research report on Tuesday, July 17th. Royal Bank of Canada set a $56.00 price objective on The Coca-Cola and gave the stock a buy rating in a research report on Wednesday, July 25th. SunTrust Banks raised their price objective on The Coca-Cola to $55.00 and gave the stock a buy rating in a research report on Thursday, July 26th. Finally, Morningstar set a $49.00 price objective on The Coca-Cola and gave the stock a buy rating in a research report on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $50.64.
Shares of NYSE:KO traded up $0.04 during midday trading on Wednesday, reaching $44.68. The company had a trading volume of 11,158,698 shares, compared to its average volume of 11,826,480. The company has a quick ratio of 1.06, a current ratio of 1.15 and a debt-to-equity ratio of 1.39. The Coca-Cola has a 1-year low of $41.45 and a 1-year high of $48.62. The firm has a market capitalization of $197.04 billion, a price-to-earnings ratio of 23.39, a price-to-earnings-growth ratio of 2.85 and a beta of 0.74.
The Coca-Cola (NYSE:KO) last released its quarterly earnings results on Wednesday, July 25th. The company reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.01. The Coca-Cola had a return on equity of 40.68% and a net margin of 7.18%. The business had revenue of $8.90 billion during the quarter, compared to analyst estimates of $8.54 billion. During the same quarter last year, the company posted $0.59 EPS. The Coca-Cola’s revenue for the quarter was down 8.3% on a year-over-year basis. Equities analysts predict that The Coca-Cola will post 2.07 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Friday, September 14th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date was Thursday, September 13th. The Coca-Cola’s dividend payout ratio (DPR) is presently 81.68%.
In related news, insider John Murphy sold 111,468 shares of the firm’s stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $46.46, for a total value of $5,178,803.28. Following the transaction, the insider now directly owns 196,337 shares of the company’s stock, valued at approximately $9,121,817.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Kathy N. Waller sold 48,354 shares of the firm’s stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $46.45, for a total value of $2,246,043.30. Following the completion of the transaction, the vice president now directly owns 200,725 shares in the company, valued at $9,323,676.25. The disclosure for this sale can be found here. Insiders have sold a total of 215,822 shares of company stock valued at $10,027,727 over the last ninety days. Company insiders own 1.48% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in KO. Clarus Wealth Advisors acquired a new stake in The Coca-Cola in the 2nd quarter valued at approximately $101,000. WP Advisors LLC acquired a new stake in The Coca-Cola in the 2nd quarter valued at approximately $107,000. Signature Estate & Investment Advisors LLC acquired a new stake in The Coca-Cola in the 2nd quarter valued at approximately $116,000. Fort L.P. acquired a new stake in The Coca-Cola in the 2nd quarter valued at approximately $122,000. Finally, BDO Wealth Advisors LLC grew its holdings in The Coca-Cola by 104.9% in the 2nd quarter. BDO Wealth Advisors LLC now owns 3,163 shares of the company’s stock valued at $139,000 after buying an additional 1,619 shares during the last quarter. 65.31% of the stock is currently owned by hedge funds and other institutional investors.
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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