According to Zacks, “Coca-Cola’s increased marketing investments are supporting improved volume growth in stable markets like North America. Moreover, the accelerated re-franchising efforts should drive greater returns. Also, Coca-Cola’s new revenue platforms should drive growth over the long term. However, the top line needs to show sustained improvement. Though markets like North America, Japan and India remain strong, continued weakness in some emerging markets like China, Russia and Brazil is holding back significant sales acceleration. At the second quarter conference call, it lowered its 2016 sales outlook due to weakening demand in some large emerging/developing markets. Furthermore, weak sparkling beverage volumes as well as currency and structural headwinds over the next couple of years pose threats. “
Several other equities analysts have also recently issued reports on KO. Susquehanna reaffirmed a hold rating on shares of Coca-Cola in a research report on Sunday, July 17th. Vetr reaffirmed a buy rating on shares of Coca-Cola in a research report on Thursday, July 28th. Sanford C. Bernstein set a $49.00 price objective on Coca-Cola and gave the company a buy rating in a research report on Thursday, July 28th. Goldman Sachs Group Inc. set a $45.00 price target on Coca-Cola and gave the company a neutral rating in a report on Thursday, July 28th. Finally, Jefferies Group reissued a hold rating on shares of Coca-Cola in a report on Thursday, August 25th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $46.50.
Coca-Cola (NYSE:KO) opened at 42.32 on Tuesday. The stock has a 50 day moving average price of $43.12 and a 200 day moving average price of $44.61. The stock has a market capitalization of $182.65 billion, a PE ratio of 24.35 and a beta of 0.59. Coca-Cola has a 12 month low of $40.43 and a 12 month high of $47.13.
Coca-Cola (NYSE:KO) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.02. The business had revenue of $11.50 billion for the quarter, compared to analysts’ expectations of $11.69 billion. Coca-Cola had a return on equity of 32.78% and a net margin of 17.61%. The firm’s quarterly revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.63 EPS. On average, equities research analysts forecast that Coca-Cola will post $1.91 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 15th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.31%. The ex-dividend date is Tuesday, September 13th. Coca-Cola’s payout ratio is currently 80.46%.
A number of hedge funds have recently made changes to their positions in KO. Vanguard Group Inc. increased its stake in shares of Coca-Cola by 2.0% in the second quarter. Vanguard Group Inc. now owns 273,897,295 shares of the company’s stock valued at $12,415,764,000 after buying an additional 5,478,675 shares during the last quarter. State Street Corp increased its stake in shares of Coca-Cola by 0.9% in the first quarter. State Street Corp now owns 167,467,138 shares of the company’s stock valued at $7,768,816,000 after buying an additional 1,511,559 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Coca-Cola by 0.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 102,413,710 shares of the company’s stock valued at $4,750,972,000 after buying an additional 843,493 shares during the last quarter. Capital Research Global Investors increased its stake in shares of Coca-Cola by 4.1% in the second quarter. Capital Research Global Investors now owns 79,080,741 shares of the company’s stock valued at $3,584,730,000 after buying an additional 3,091,367 shares during the last quarter. Finally, BlackRock Fund Advisors increased its stake in shares of Coca-Cola by 4.7% in the second quarter. BlackRock Fund Advisors now owns 58,761,795 shares of the company’s stock valued at $2,663,672,000 after buying an additional 2,641,790 shares during the last quarter. 64.33% of the stock is owned by institutional investors and hedge funds.
The Coca-Cola Company is a beverage company. The Company owns or licenses and markets over 500 nonalcoholic beverage brands, primarily sparkling beverages but also a range of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks.
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