Equities Analysts Issue Forecasts for The Coca-Cola Co’s Q1 2018 Earnings (KO)
The Coca-Cola Co (NYSE:KO) – Stock analysts at Jefferies Group issued their Q1 2018 EPS estimates for The Coca-Cola in a research note issued on Tuesday. Jefferies Group analyst K. Grundy forecasts that the company will earn $0.44 per share for the quarter. Jefferies Group has a “Neutral” rating and a $49.00 price objective on the stock. Jefferies Group also issued estimates for The Coca-Cola’s Q2 2018 earnings at $0.64 EPS, Q3 2018 earnings at $0.56 EPS, Q4 2018 earnings at $0.45 EPS, FY2019 earnings at $2.25 EPS and FY2020 earnings at $2.42 EPS.
KO has been the topic of a number of other reports. Royal Bank of Canada set a $49.00 price objective on The Coca-Cola and gave the stock a “buy” rating in a report on Sunday, November 12th. Goldman Sachs Group set a $45.00 target price on The Coca-Cola and gave the company a “sell” rating in a report on Wednesday, November 15th. Evercore ISI upgraded The Coca-Cola from an “in-line” rating to an “outperform” rating and raised their target price for the company from $46.04 to $55.00 in a report on Friday, January 12th. Susquehanna Bancshares set a $41.00 target price on The Coca-Cola and gave the company a “hold” rating in a report on Wednesday, November 15th. Finally, Wells Fargo & Co upgraded The Coca-Cola from a “market perform” rating to an “outperform” rating and raised their target price for the company from $46.72 to $51.00 in a report on Tuesday, November 14th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $49.24.
The Coca-Cola (NYSE:KO) last released its quarterly earnings data on Friday, February 16th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The company had revenue of $7.51 billion for the quarter, compared to the consensus estimate of $7.36 billion. The Coca-Cola had a return on equity of 38.36% and a net margin of 3.52%. The company’s quarterly revenue was down 20.2% compared to the same quarter last year. During the same period last year, the business posted $0.37 EPS.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be issued a dividend of $0.39 per share. The ex-dividend date is Wednesday, March 14th. This is an increase from The Coca-Cola’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a yield of 3.58%. The Coca-Cola’s payout ratio is currently 548.15%.
In other news, insider Ed Hays sold 84,400 shares of The Coca-Cola stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $47.50, for a total value of $4,009,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kathy N. Waller sold 23,240 shares of The Coca-Cola stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $46.15, for a total value of $1,072,526.00. Following the completion of the transaction, the chief financial officer now owns 123,796 shares of the company’s stock, valued at approximately $5,713,185.40. The disclosure for this sale can be found here. Insiders have sold a total of 122,640 shares of company stock worth $5,800,776 over the last 90 days. 1.51% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Santori & Peters Inc. acquired a new position in The Coca-Cola during the 4th quarter valued at approximately $127,000. Veritas Investment Management LLP acquired a new position in The Coca-Cola during the 3rd quarter valued at approximately $135,000. Spectrum Management Group Inc. acquired a new position in The Coca-Cola during the 3rd quarter valued at approximately $137,000. Legacy Advisors LLC acquired a new position in The Coca-Cola during the 3rd quarter valued at approximately $139,000. Finally, Almanack Investment Partners LLC. acquired a new position in The Coca-Cola during the 2nd quarter valued at approximately $142,000. Institutional investors own 65.13% of the company’s stock.
About The Coca-Cola
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.
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.