Coca-Cola (NYSE:KO – Get Free Report) is scheduled to be announcing its earnings results before the market opens on Wednesday, July 26th. Analysts expect the company to announce earnings of $0.71 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.
Coca-Cola (NYSE:KO – Get Free Report) last issued its quarterly earnings results on Monday, April 24th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.65 by $0.03. Coca-Cola had a net margin of 22.69% and a return on equity of 42.96%. The firm had revenue of $11 billion for the quarter, compared to analysts’ expectations of $10.78 billion. During the same period in the previous year, the firm posted $0.64 EPS. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, analysts expect Coca-Cola to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Coca-Cola Trading Down 0.4 %
Shares of NYSE:KO opened at $60.58 on Wednesday. The company’s 50-day moving average price is $61.07 and its two-hundred day moving average price is $61.30. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.15 and a quick ratio of 0.95. Coca-Cola has a one year low of $54.01 and a one year high of $65.47. The stock has a market capitalization of $261.96 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 3.45 and a beta of 0.54.
Coca-Cola Announces Dividend
Analysts Set New Price Targets
Several brokerages have commented on KO. Evercore ISI boosted their price target on shares of Coca-Cola from $68.00 to $70.00 in a research report on Tuesday, April 25th. Barclays upped their target price on shares of Coca-Cola from $72.00 to $73.00 in a report on Wednesday, April 26th. HSBC dropped their target price on shares of Coca-Cola from $77.00 to $74.00 in a report on Wednesday, June 7th. StockNews.com started coverage on shares of Coca-Cola in a report on Thursday, May 18th. They issued a “buy” rating on the stock. Finally, Citigroup upped their target price on shares of Coca-Cola from $71.00 to $74.00 in a report on Monday, April 24th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Coca-Cola presently has a consensus rating of “Moderate Buy” and an average target price of $67.67.
Insider Activity at Coca-Cola
In other Coca-Cola news, CEO James Quincey sold 150,000 shares of the stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $64.33, for a total transaction of $9,649,500.00. Following the transaction, the chief executive officer now owns 442,546 shares in the company, valued at approximately $28,468,984.18. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Coca-Cola news, insider Henrique Braun sold 16,950 shares of the stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $64.03, for a total transaction of $1,085,308.50. Following the transaction, the insider now owns 26,272 shares in the company, valued at approximately $1,682,196.16. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO James Quincey sold 150,000 shares of the stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $64.33, for a total transaction of $9,649,500.00. Following the transaction, the chief executive officer now owns 442,546 shares in the company, valued at approximately $28,468,984.18. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 420,786 shares of company stock worth $26,886,224. Insiders own 1.00% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Moneta Group Investment Advisors LLC lifted its stake in Coca-Cola by 103,297.9% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 57,734,303 shares of the company’s stock valued at $3,672,479,000 after purchasing an additional 57,678,466 shares during the last quarter. Norges Bank bought a new position in Coca-Cola in the 4th quarter valued at approximately $2,937,315,000. Morgan Stanley lifted its stake in Coca-Cola by 15.7% in the 4th quarter. Morgan Stanley now owns 79,101,856 shares of the company’s stock valued at $5,031,669,000 after purchasing an additional 10,722,435 shares during the last quarter. Capital World Investors lifted its stake in Coca-Cola by 61.4% in the 1st quarter. Capital World Investors now owns 10,764,084 shares of the company’s stock valued at $667,373,000 after purchasing an additional 4,095,881 shares during the last quarter. Finally, Man Group plc raised its stake in shares of Coca-Cola by 200.3% during the fourth quarter. Man Group plc now owns 4,150,297 shares of the company’s stock valued at $264,000,000 after acquiring an additional 2,768,288 shares during the last quarter. Institutional investors and hedge funds own 68.61% of the company’s stock.
Coca-Cola Company Profile
The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
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