Coca-Cola Company (The) (KO) to Issue Quarterly Dividend of $0.37 on October 2nd

Coca-Cola Company (The) (NYSE:KO) declared a quarterly dividend on Thursday, July 20th, RTT News reports. Stockholders of record on Friday, September 15th will be given a dividend of 0.37 per share on Monday, October 2nd. This represents a $1.48 annualized dividend and a dividend yield of 3.17%. The ex-dividend date is Thursday, September 14th.

Coca-Cola Company (The) has raised its dividend by an average of 7.7% annually over the last three years and has raised its dividend annually for the last 54 consecutive years. Coca-Cola Company (The) has a payout ratio of 77.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Coca-Cola Company (The) to earn $1.99 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 74.4%.

Coca-Cola Company (KO) opened at 46.72 on Wednesday. The stock’s 50 day moving average price is $45.75 and its 200 day moving average price is $44.26. The company has a market capitalization of $199.28 billion, a price-to-earnings ratio of 49.33 and a beta of 0.71. Coca-Cola Company has a 12-month low of $39.88 and a 12-month high of $46.75.

Coca-Cola Company (The) (NYSE:KO) last released its earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02. Coca-Cola Company (The) had a net margin of 10.68% and a return on equity of 34.53%. The business had revenue of $9.70 billion during the quarter, compared to analysts’ expectations of $9.62 billion. During the same quarter last year, the company earned $0.60 earnings per share. The firm’s revenue was down 15.9% on a year-over-year basis. On average, equities research analysts anticipate that Coca-Cola Company will post $1.90 earnings per share for the current fiscal year.

KO has been the subject of a number of analyst reports. Morningstar, Inc. restated a “neutral” rating on shares of Coca-Cola Company (The) in a research note on Monday, May 29th. Morgan Stanley set a $45.00 price target on shares of Coca-Cola Company (The) and gave the stock a “neutral” rating in a research note on Monday, May 29th. Barclays PLC set a $45.00 price target on shares of Coca-Cola Company (The) and gave the stock a “neutral” rating in a research note on Monday, May 29th. Vetr cut shares of Coca-Cola Company (The) from a “hold” rating to a “sell” rating and set a $44.58 price target for the company. in a research note on Monday, June 5th. Finally, BMO Capital Markets cut shares of Coca-Cola Company (The) from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $45.98 to $46.00 in a research note on Wednesday, June 7th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $45.79.

ILLEGAL ACTIVITY NOTICE: This piece of content was first published by Ticker Report and is owned by of Ticker Report. If you are accessing this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece of content can be accessed at https://www.tickerreport.com/banking-finance/2888317/coca-cola-company-the-ko-to-issue-quarterly-dividend-of-0-37-on-october-2nd.html.

In related news, insider J Alexander Douglas, Jr. sold 180,738 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $45.99, for a total value of $8,312,140.62. Following the completion of the sale, the insider now owns 315,606 shares of the company’s stock, valued at $14,514,719.94. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Beatriz R. Perez sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $46.00, for a total transaction of $460,000.00. Following the completion of the sale, the senior vice president now directly owns 98,718 shares of the company’s stock, valued at approximately $4,541,028. The disclosure for this sale can be found here. In the last three months, insiders sold 366,835 shares of company stock valued at $16,874,246. 1.51% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of the stock. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Coca-Cola Company (The) in the second quarter valued at approximately $156,000. Koch Industries Inc. acquired a new stake in shares of Coca-Cola Company (The) in the second quarter valued at approximately $240,000. High Falls Advisors Inc increased its holdings in shares of Coca-Cola Company (The) by 3.0% in the second quarter. High Falls Advisors Inc now owns 10,188 shares of the company’s stock valued at $457,000 after purchasing an additional 300 shares in the last quarter. Keel Point LLC increased its holdings in shares of Coca-Cola Company (The) by 1.9% in the second quarter. Keel Point LLC now owns 18,135 shares of the company’s stock valued at $813,000 after purchasing an additional 343 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new stake in shares of Coca-Cola Company (The) in the second quarter valued at approximately $230,000. 64.68% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Company (The) Company Profile

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.

Dividend History for Coca-Cola Company (The) (NYSE:KO)

Receive News & Ratings for Coca-Cola Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.