Thursday, 17 January, 2019

Eye-Catching Shares - The Coca-Cola Company (NYSE: KO)

CEO: Bold Bets Are Helping The Coca-Cola Co (KO) Grow JGAP business
Ginger Lawrence | 14 May, 2018, 10:26

The company reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.46 by $0.01.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. now owns 275,221,018 shares of the company's stock valued at $12,343,662,000 after acquiring an additional 4,818,963 shares during the period. Oppenheimer & Co. Inc. increased its stake in The Coca-Cola by 4.4% in the second quarter. Buckhead Mgmt Ltd Liability Com invested in 1.71% or 47,336 shares.

Blue Fin Capital Inc, which manages about $165.51M and $171.65M US Long portfolio, decreased its stake in Cvs Health Corp Com (NYSE:CVS) by 4,435 shares to 16,577 shares, valued at $1.20 million in 2017Q4, according to the filing.

A jump in volumes due to the timing of Easter holiday shipments and price cuts in North America helped Coca-Cola top first-quarter revenue estimate by $300 million. Nippon Life Insurance Company sold 115,728 shares as Coca Cola Co (KO)'s stock declined 5.92%. The firm owned 22,271 shares of the company's stock after selling 5,426 shares during the quarter. If the $39.78 price target is reached, the company will be worth $10.83B less.

Despite the strong results, Coca-Cola retained its full-year outlook for organic sales growth and earnings per share, which could also have disappointed investors, brokerage Macquarie said. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.25 and a current ratio of 1.34. On Tuesday, April 17 the stock of Coca-Cola European Partners plc (NYSE:CCE) earned "Buy" rating by Goldman Sachs. The business's revenue for the quarter was down 16.6% compared to the same quarter previous year.

Revenue fell 16 percent to $7.63 billion during the quarter, mainly because of the shedding of its bottling operations, which cuts costs, but lowers revenue. Coca-Cola Company (The) had a net margin of 15.30% and a return on equity of 33.17%.

The Coca-Cola Company (NYSE:KO) stock slipped -$0.91 lower during the regular trading session on Tuesday, hitting $43.07.

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The beverage giant's recent acquisitions have also paid off. Stockholders of record on Thursday, March 15th were given a dividend of $0.39 per share.

Coca-Cola, which surpassed analysts' expectations for its first-quarter earnings, attributed its strong performance to its willingness to be bold.

Among 18 analysts covering XL Group Plc (NYSE:XL), 4 have Buy rating, 0 Sell and 14 Hold. The Coca-Cola's dividend payout ratio (DPR) is 81.68%. The rating was maintained by Credit Suisse on Monday, March 12 with "Buy". The shares were sold at an average price of $43.25, for a total transaction of $951,500.00. In the last three months, insiders have sold 493,228 shares of company stock valued at $22,024,770. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

In other news, insider Beatriz R. Perez sold 29,282 shares of the business's stock in a transaction on Wednesday, June 14th. Following the completion of the sale, the insider now owns 24,673 shares in the company, valued at $1,183,070.35. Company insiders own 1.48% of the company's stock.

KO has been the subject of a number of recent research reports. The stock's price to sales ratio for trailing twelve months is 5.39 and price to book ratio for the most recent quarter is 10.99, whereas price to cash per share for the most recent quarter are 9.21. Royal Bank of Canada reiterated a "buy" rating and issued a $56.00 price objective on shares of The Coca-Cola in a report on Monday. Romann Gould Kirstin sold $2.68 million worth of XL Group Ltd (NYSE:XL) on Tuesday, February 20.

At the moment, there are a total of 26 analysts who cover The Coca-Cola Company (NYSE:KO) stock. Barclays restated a "neutral" rating and issued a $45.00 price target on shares of The Coca-Cola in a research report on Thursday, March 15th. The stock of The Coca-Cola Company (NYSE:KO) has "Outperform" rating given on Tuesday, November 14 by Wells Fargo. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States & global copyright and trademark laws.

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. 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.