The Coca-Cola Co (KO) To Go Ex-Dividend on September 13th

Share on StockTwits

The Coca-Cola Co (NYSE:KO) declared a quarterly dividend on Thursday, July 18th, RTT News reports. Shareholders of record on Monday, September 16th will be paid a dividend of 0.40 per share on Tuesday, October 1st. This represents a $1.60 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend is Friday, September 13th.

The Coca-Cola has increased its dividend payment by an average of 5.7% per year over the last three years and has raised its dividend every year for the last 56 years. The Coca-Cola has a payout ratio of 77.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect The Coca-Cola to earn $2.27 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 70.5%.

Shares of KO stock opened at $54.40 on Wednesday. The firm has a market capitalization of $233.13 billion, a price-to-earnings ratio of 26.15, a price-to-earnings-growth ratio of 3.79 and a beta of 0.44. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.83 and a quick ratio of 0.71. The business has a fifty day moving average of $53.99 and a 200 day moving average of $49.95. The Coca-Cola has a 1 year low of $44.25 and a 1 year high of $55.92.

The Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.01. The business had revenue of $10 billion for the quarter, compared to the consensus estimate of $9.86 billion. The Coca-Cola had a return on equity of 45.67% and a net margin of 21.11%. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.61 EPS. As a group, equities research analysts expect that The Coca-Cola will post 2.1 earnings per share for the current year.

A number of equities analysts have issued reports on the stock. Deutsche Bank raised their price target on shares of The Coca-Cola from $59.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Morgan Stanley set a $60.00 price target on shares of The Coca-Cola and gave the company a “buy” rating in a report on Tuesday, September 3rd. Credit Suisse Group upped their price target on shares of The Coca-Cola from $49.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Royal Bank of Canada reaffirmed a “buy” rating and set a $60.00 price target on shares of The Coca-Cola in a research report on Wednesday, July 24th. Finally, SunTrust Banks lifted their price objective on The Coca-Cola to $60.00 and gave the company a “positive” rating in a research note on Wednesday, July 24th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $54.10.

In other news, insider Nikolaos Koumettis sold 146,000 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $54.31, for a total transaction of $7,929,260.00. Following the transaction, the insider now owns 244,451 shares in the company, valued at approximately $13,276,133.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Brian John Smith sold 60,000 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $54.87, for a total value of $3,292,200.00. Following the transaction, the chief operating officer now owns 174,302 shares in the company, valued at approximately $9,563,950.74. The disclosure for this sale can be found here. Insiders sold 299,001 shares of company stock valued at $16,206,741 over the last 90 days. Company insiders own 1.33% of the company’s stock.

About The Coca-Cola

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plant?based beverages; teas and coffees; and energy drinks. 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.

Featured Article: What are economic reports?

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

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



Latest News

Thomson Reuters Corp  Shares Sold by Pictet Asset Management Ltd.
Thomson Reuters Corp Shares Sold by Pictet Asset Management Ltd.
Universal Display Co.  Shares Sold by Pictet Asset Management Ltd.
Universal Display Co. Shares Sold by Pictet Asset Management Ltd.
Pictet Asset Management Ltd. Increases Position in Mosaic Co
Pictet Asset Management Ltd. Increases Position in Mosaic Co
Pictet Asset Management Ltd. Has $4.55 Million Position in NRG Energy Inc
Pictet Asset Management Ltd. Has $4.55 Million Position in NRG Energy Inc
Pictet Asset Management Ltd. Has $4.39 Million Position in Open Text Corp
Pictet Asset Management Ltd. Has $4.39 Million Position in Open Text Corp
Pictet Asset Management Ltd. Buys 4,800 Shares of Tableau Software Inc
Pictet Asset Management Ltd. Buys 4,800 Shares of Tableau Software Inc


© 2006-2019 Ticker Report