Analysts forecast that The Coca-Cola Co (NYSE:KO) will report $0.43 earnings per share for the current quarter, according to Zacks. Five analysts have issued estimates for The Coca-Cola’s earnings. The highest EPS estimate is $0.44 and the lowest is $0.43. The Coca-Cola also posted earnings per share of $0.43 in the same quarter last year. The business is expected to issue its next quarterly earnings report on Thursday, February 13th.
On average, analysts expect that The Coca-Cola will report full year earnings of $2.10 per share for the current financial year, with EPS estimates ranging from $2.09 to $2.11. For the next year, analysts expect that the firm will post earnings of $2.24 per share, with EPS estimates ranging from $2.20 to $2.27. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for The Coca-Cola.
The Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Friday, October 18th. The company reported $0.56 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.56. The Coca-Cola had a return on equity of 45.21% and a net margin of 22.41%. The firm had revenue of $9.51 billion for the quarter, compared to analyst estimates of $9.42 billion. During the same quarter in the prior year, the company posted $0.57 earnings per share. The Coca-Cola’s quarterly revenue was up 8.3% on a year-over-year basis.
In other news, SVP Nancy Quan sold 24,000 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $53.90, for a total value of $1,293,600.00. Following the sale, the senior vice president now directly owns 189,049 shares in the company, valued at $10,189,741.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Brian John Smith sold 60,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief operating officer now owns 174,302 shares in the company, valued at $9,563,950.74. The disclosure for this sale can be found here. Insiders sold 233,026 shares of company stock worth $12,801,826 in the last three months. 1.33% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the company. Krane Funds Advisors LLC purchased a new stake in shares of The Coca-Cola in the second quarter valued at $25,000. LFA Lugano Financial Advisors SA lifted its position in The Coca-Cola by 348.8% during the second quarter. LFA Lugano Financial Advisors SA now owns 552 shares of the company’s stock worth $28,000 after buying an additional 429 shares during the period. Quantum Capital Management purchased a new position in The Coca-Cola during the third quarter worth about $34,000. Redhawk Wealth Advisors Inc. purchased a new position in The Coca-Cola during the second quarter worth about $36,000. Finally, Candriam Luxembourg S.C.A. lifted its position in The Coca-Cola by 1.0% during the third quarter. Candriam Luxembourg S.C.A. now owns 647,744 shares of the company’s stock worth $37,000 after buying an additional 6,373 shares during the period. Institutional investors and hedge funds own 67.55% of the company’s stock.
KO stock traded up $0.35 on Monday, reaching $53.75. 13,173,508 shares of the company’s stock were exchanged, compared to its average volume of 13,037,781. The stock has a fifty day moving average of $53.37 and a 200-day moving average of $52.78. The Coca-Cola has a twelve month low of $44.42 and a twelve month high of $55.92. The firm has a market cap of $228.79 billion, a PE ratio of 25.84, a P/E/G ratio of 3.72 and a beta of 0.43. The company has a quick ratio of 0.79, a current ratio of 0.92 and a debt-to-equity ratio of 1.50.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.98%. The ex-dividend date is Friday, November 29th. The Coca-Cola’s dividend payout ratio (DPR) is 76.92%.
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.
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