The Coca-Cola Company (NYSE:KO) – Investment analysts at SunTrust Banks upped their Q3 2018 earnings per share estimates for shares of The Coca-Cola in a report released on Tuesday, April 24th. SunTrust Banks analyst W. Chappell now forecasts that the company will post earnings of $0.57 per share for the quarter, up from their previous estimate of $0.56. SunTrust Banks also issued estimates for The Coca-Cola’s Q4 2018 earnings at $0.45 EPS, FY2018 earnings at $2.09 EPS, Q1 2019 earnings at $0.51 EPS, Q2 2019 earnings at $0.66 EPS, Q3 2019 earnings at $0.61 EPS and FY2019 earnings at $2.26 EPS.

The Coca-Cola (NYSE:KO) last released its quarterly earnings data on Tuesday, April 24th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.01. The Coca-Cola had a return on equity of 39.54% and a net margin of 4.23%. The business had revenue of $7.60 billion during the quarter, compared to analyst estimates of $7.32 billion. During the same quarter in the previous year, the firm posted $0.43 EPS. The business’s revenue for the quarter was down 16.6% compared to the same quarter last year.

A number of other research firms also recently commented on KO. Evercore ISI raised The Coca-Cola from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $46.04 to $55.00 in a research note on Friday, January 12th. Royal Bank of Canada set a $56.00 price target on The Coca-Cola and gave the company a “buy” rating in a report on Tuesday, January 2nd. Credit Suisse Group reiterated an “outperform” rating and set a $53.00 price target (up previously from $51.00) on shares of The Coca-Cola in a report on Tuesday, February 20th. Goldman Sachs upgraded The Coca-Cola from a “sell” rating to a “neutral” rating and set a $46.00 target price on the stock in a research note on Tuesday, April 17th. Finally, Jefferies Group set a $50.00 target price on The Coca-Cola and gave the company a “neutral” rating in a research note on Thursday, January 4th. Fourteen research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The Coca-Cola presently has an average rating of “Hold” and a consensus target price of $49.45.

Shares of The Coca-Cola stock opened at $43.31 on Thursday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.25 and a current ratio of 1.21. The firm has a market cap of $181,002.38, a price-to-earnings ratio of 22.68, a price-to-earnings-growth ratio of 2.46 and a beta of 0.72. The Coca-Cola has a 1-year low of $41.90 and a 1-year high of $48.62.

Several institutional investors and hedge funds have recently bought and sold shares of KO. Carillon Tower Advisers Inc. purchased a new stake in The Coca-Cola in the 4th quarter valued at about $19,247,000. Virtu Financial LLC increased its stake in The Coca-Cola by 402.4% in the 4th quarter. Virtu Financial LLC now owns 44,938 shares of the company’s stock valued at $2,062,000 after buying an additional 35,994 shares during the last quarter. River & Mercantile Asset Management LLP increased its stake in The Coca-Cola by 40.8% in the 4th quarter. River & Mercantile Asset Management LLP now owns 145,130 shares of the company’s stock valued at $6,668,000 after buying an additional 42,040 shares during the last quarter. State of Tennessee Treasury Department increased its stake in The Coca-Cola by 8.8% in the 4th quarter. State of Tennessee Treasury Department now owns 1,682,097 shares of the company’s stock valued at $77,175,000 after buying an additional 135,896 shares during the last quarter. Finally, Manchester Capital Management LLC increased its stake in The Coca-Cola by 19.9% in the 4th quarter. Manchester Capital Management LLC now owns 45,818 shares of the company’s stock valued at $2,102,000 after buying an additional 7,620 shares during the last quarter. Institutional investors own 66.03% of the company’s stock.

In other The Coca-Cola news, insider Jennifer K. Mann sold 1,883 shares of the company’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $45.00, for a total transaction of $84,735.00. Following the sale, the insider now owns 98,995 shares of the company’s stock, valued at $4,454,775. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.48% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 2nd. Investors of record on Friday, June 15th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.60%. The Coca-Cola’s dividend payout ratio is 81.68%.

About The Coca-Cola

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; 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.

Earnings History and Estimates for The Coca-Cola (NYSE:KO)

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