Wells Fargo & Co Reiterates Market Perform Rating for The Coca-Cola Co (KO)

Lawson Kroeker Investment Management Inc.

A number of other hedge funds have also modified their holdings of the company. DIAM Co. Ltd. raised its position in The Coca-Cola by 22.5% in the third quarter. Mcmillion Capital Management Inc. now owns 43,434 shares of the company's stock worth $1,838,000 after buying an additional 2,087 shares during the last quarter. Mcmillion Capital Management Inc. raised its position in The Coca-Cola by 5.0% in the third quarter. One of the important differences between earnings-per-share growth rates and net-income growth rates is that the former reflects the dilution that occurs from new stock issuance, the exercise of employee stock options, warrants, convertible securities, and share repurchases. Mutual of Omaha Bank Wealth Management boosted its stake in The Coca-Cola by 2.7% in the first quarter. At recent closing price of $58.22, BHI has a chance to add $8.23 or 14.14% in 52 weeks, based on mean target price ($66.45) placed by analysts.The analyst consensus opinion of 2.2 looks like a hold.

According to analysts Coca-Cola Company (NYSE:KO)'s minimum EPS for the current quarter is at $0.56 and can go high up to $0.6.

The stock diminished about -2.68% in the past 5 years, this negative value indicates that the stock constantly going down in previous years as well. Finally, Cascade Investment Advisors Inc. bought a new stake in The Coca-Cola during the fourth quarter valued at $128,000. The company has grown 7.42% in past 3 months and in the last five trades has moved up 0.71%. Institutional investors own 63.88% of the company's stock.

Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) traded up 0.38% during trading on Tuesday, hitting $215.24. The company maintains price to book ratio of 0.31 vs.an industry average at 2.07.

The Coca-Cola (NYSE:KO) last released its quarterly earnings data on Tuesday, April 25th. The company reported $0.43 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.44 by $0.01. During the same quarter a year ago, the company posted $0.45 EPS. On average, equities analysts anticipate that The Coca-Cola Co will post $1.88 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Thursday, June 15th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date was Wednesday, April 26th. The Coca-Cola's dividend payout ratio (DPR) is now 93.33%.

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Several research firms have recently weighed in on KO.

On the other hand the company has Relative Strength Index (RSI 14) of 68.99 along with Average True Range (ATR 14) of 0.36, Consequently Coca-Cola Company (NYSE:KO)'s weekly and monthly volatility is 0.81%, 0.82% respectively. Analysts on average have given a price target of $45.62 to The Coca-Cola Company stock. The stock of Coca-Cola FEMSA, S.A.B.de C.V. (ADR) (NYSE:KOF) has "Neutral" rating given on Friday, January 15 by Goldman Sachs. They now have a United States dollars 144 price target on the stock. For now, The Coca-Cola Company is the toast of Wall Street as its ABR stands at 2.50 with 4 out of 25 analysts rating the stock a buy. The Coca-Cola presently has an average rating of "Hold" and an average target price of $44.54. Also, insider Brian John Smith sold 87,800 shares of the stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $43.43, for a total value of $3,813,154.00. The stock has 5 year expected PEG ratio of 6.41 whereas its trailing twelve month P/E ratio is 30.96.

In other The Coca-Cola news, insider J Alexander Douglas, Jr. sold 22,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 3rd. Following the completion of the sale, the insider now directly owns 319,436 shares of the company's stock, valued at $13,815,607. The disclosure for this sale can be found here.

Wells Fargo had a markedly different take on 19/01/2017, proposing that The Coca-Cola Company is now considered Market Perform versus prior Outperform rating.

  • Zachary Reyes