Rating Roundup: Coca-Cola Company (NYSE:KO)
- Author: Zachary Reyes May 19, 2017,
May 19, 2017, 23:18
The target price for The Coca-Cola Company (KO) is $45.53/share according to the consensus of analysts working on the stock, with an expected EPS of $0.58/share for the current quarter. Franklin Resources Inc. now owns 30,176,115 shares of the company's stock worth $1,251,102,000 after buying an additional 951,209 shares in the last quarter.
Coca Cola HBC AG (LON:CCH) traded down 0.09% during mid-day trading on Friday, reaching GBX 2207.00. Chesley Taft & Associates LLC's holdings in The Coca-Cola were worth $9,659,000 as of its most recent filing with the SEC. It dived, as 76 investors sold KO shares while 623 reduced holdings. ETRADE Capital Management LLC raised its stake in shares of The Coca-Cola by 75.3% in the third quarter. The stock of The Coca-Cola Co (NYSE:KO) has "Outperform" rating given on Thursday, March 10 by RBC Capital Markets.
In related news, insider J Alexander Douglas, Jr. sold 22,000 shares of the stock in a transaction that occurred on Wednesday, May 3rd. Barnett & Company Inc. raised its position in The Coca-Cola by 27.7% in the third quarter. Flossbach Von Storch Ag sold 1.94 million shares as the company's stock 0.00%. Community Bank & Trust Waco Texas boosted its position in shares of The Coca-Cola by 0.3% in the first quarter. Finally, Lyell Wealth Management LP purchased a new stake in shares of The Coca-Cola during the fourth quarter valued at about $328,000. Cohen Lawrence B has 0.13% invested in The Coca-Cola Co (NYSE:KO).
Stock is now moving with a positive distance from the 200 day simple moving average of approximately 4.88%, and has a solid year to date (YTD) performance of 6.58% which means the stock is constantly adding to its value from the previous fiscal year end price.
The company reported an impressive total revenue of 41.86 Billion in the last fiscal year. The stock's price is floating in a range of $85.67 and $86.20 whereas, it's 52-week High Price is $92.00 with respect to its 52-week Low Price of $79.45. The Coca-Cola also was the target of unusually large options trading activity on Tuesday. The stock declined 0.23% or $0.14 reaching $61.25 per share. This represents an increase of approximately 246% compared to the average daily volume of 6,950 call options.
If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, KO earned gross profit of 28.11 Billion, in 2015 26.81 Billion gross profit, while in 2016 The Coca-Cola Company (KO) produced 25.4 Billion profit. The company reported $0.43 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.44 by $0.01. The Return on Equity (ROE) value stands at 25.2%. During the same quarter in the prior year, the company posted $0.45 EPS. The business had revenue of $9.12 billion during the quarter, compared to the consensus estimate of $8.85 billion.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Shareholders of record on Thursday, June 15th will be given a dividend of $0.37 per share. The ex-dividend date is Tuesday, June 13th. This represents a $1.48 annualized dividend and a yield of 3.37%. The Coca-Cola's dividend payout ratio (DPR) is presently 93.33%.
Staley Capital Advisers Inc decreased Coca Cola Co (KO) stake by 4.72% reported in 2016Q4 SEC filing. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of US and worldwide copyright & trademark law. The original version of this piece can be accessed at https://baseballnewssource.com/markets/the-coca-cola-co-ko-shares-sold-by-lawson-kroeker-investment-management-inc-ne-updated/725096.html. Vetr upgraded it to "Hold" rating and $42.01 target in Monday, August 24 report. Wells Fargo & Co reiterated a "market perform" rating on shares of The Coca-Cola in a research note on Monday, March 27th. The stock has "Neutral" rating by Jefferies on Wednesday, April 19.
Following U.S. election volatility some analysts have updated their recommended target prices on shares of Coca-Cola Bottling Co.
Another critical number in evaluating a stock is P/E or the price to earnings ratio. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. Investors may also be paying close concentration to some simple moving average indicators on shares of The Coca-Cola Company (KO). Community Bank & Trust Waco Texas now owns 11,231 shares of the company's stock valued at $477,000 after buying an additional 31 shares during the period. Also, insider Brian John Smith sold 87,800 shares of the stock in a transaction that occurred on Wednesday, May 10th. About shares traded. Bridgford Foods Corporation (NASDAQ:BRID) has risen 6.00% since April 19, 2017 and is uptrending.