Coca-Cola Company (The) (KO) Releases FY17 Earnings Guidance

Coca-Cola Company (The) (NYSE:KO) issued an update on its FY17 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.87-1.91 for the period, compared to the Thomson Reuters consensus estimate of $1.89.

Shares of Coca-Cola Company (NYSE KO) opened at $46.55 on Friday. The stock has a market capitalization of $199,441.83, a P/E ratio of 24.77, a P/E/G ratio of 3.96 and a beta of 0.70. Coca-Cola Company has a 12 month low of $39.88 and a 12 month high of $47.48. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.30 and a current ratio of 1.39.

Coca-Cola Company (The) (NYSE:KO) last issued its earnings results on Wednesday, October 25th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.01. The company had revenue of $9.08 billion for the quarter, compared to the consensus estimate of $8.73 billion. Coca-Cola Company (The) had a return on equity of 36.21% and a net margin of 12.20%. The firm’s quarterly revenue was down 14.6% on a year-over-year basis. During the same quarter last year, the company earned $0.49 EPS. equities analysts forecast that Coca-Cola Company will post 1.9 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.18%. The ex-dividend date is Thursday, November 30th. Coca-Cola Company (The)’s dividend payout ratio (DPR) is presently 140.95%.

Several analysts recently issued reports on KO shares. Citigroup Inc. set a $53.00 target price on Coca-Cola Company (The) and gave the company a buy rating in a research note on Thursday, August 3rd. Royal Bank Of Canada reissued a buy rating and set a $49.00 target price on shares of Coca-Cola Company (The) in a research note on Wednesday, August 2nd. UBS AG lifted their target price on Coca-Cola Company (The) from $49.00 to $51.00 and gave the company a buy rating in a research note on Thursday, July 27th. Credit Suisse Group reissued a buy rating and set a $49.00 target price on shares of Coca-Cola Company (The) in a research note on Monday, July 24th. Finally, Zacks Investment Research raised Coca-Cola Company (The) from a hold rating to a buy rating and set a $51.00 target price on the stock in a research note on Friday, July 28th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $47.54.

In related news, insider J Alexander Douglas, Jr. sold 338,009 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $46.09, for a total transaction of $15,578,834.81. Following the completion of the transaction, the insider now owns 320,013 shares in the company, valued at approximately $14,749,399.17. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.51% of the stock is owned by insiders.

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Institutional investors and hedge funds have recently bought and sold shares of the stock. Rathbone Brothers plc lifted its holdings in shares of Coca-Cola Company (The) by 3.0% in the 2nd quarter. Rathbone Brothers plc now owns 1,521,458 shares of the company’s stock worth $68,237,000 after buying an additional 44,709 shares during the period. Dearborn Partners LLC lifted its holdings in shares of Coca-Cola Company (The) by 1.5% in the 2nd quarter. Dearborn Partners LLC now owns 514,016 shares of the company’s stock worth $23,054,000 after buying an additional 7,786 shares during the period. WMS Partners LLC lifted its holdings in shares of Coca-Cola Company (The) by 33.1% in the 2nd quarter. WMS Partners LLC now owns 36,764 shares of the company’s stock worth $1,649,000 after buying an additional 9,145 shares during the period. Ffcm LLC lifted its holdings in shares of Coca-Cola Company (The) by 5.9% in the 2nd quarter. Ffcm LLC now owns 208,548 shares of the company’s stock worth $9,353,000 after buying an additional 11,644 shares during the period. Finally, Quinn Opportunity Partners LLC lifted its holdings in shares of Coca-Cola Company (The) by 9.6% in the 2nd quarter. Quinn Opportunity Partners LLC now owns 97,500 shares of the company’s stock worth $4,373,000 after buying an additional 8,500 shares during the period. Institutional investors own 64.92% 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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