Gabelli Brokers Boost Earnings Estimates for The Coca-Cola Co (KO)

The Coca-Cola Co (NYSE:KO) – Analysts at Gabelli increased their FY2018 EPS estimates for The Coca-Cola in a note issued to investors on Tuesday. Gabelli analyst D. Witkowski now anticipates that the company will post earnings per share of $2.10 for the year, up from their prior estimate of $2.05. Gabelli also issued estimates for The Coca-Cola’s FY2019 earnings at $2.25 EPS, FY2020 earnings at $2.45 EPS, FY2021 earnings at $2.65 EPS and FY2022 earnings at $2.85 EPS.

KO has been the topic of a number of other research reports. BMO Capital Markets lifted their price objective on shares of The Coca-Cola from $47.00 to $48.00 and gave the company a “market perform” rating in a research note on Friday, February 16th. Goldman Sachs Group set a $45.00 price objective on shares of The Coca-Cola and gave the company a “sell” rating in a research note on Wednesday, November 15th. Susquehanna Bancshares set a $45.00 price objective on shares of The Coca-Cola and gave the company a “hold” rating in a research note on Wednesday, December 20th. Jefferies Group set a $49.00 price target on shares of The Coca-Cola and gave the stock a “neutral” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. set a $49.00 price target on shares of The Coca-Cola and gave the stock a “neutral” rating in a research report on Thursday, November 16th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $49.24.

The Coca-Cola (NYSE:KO) traded down $0.14 on Wednesday, hitting $43.85. 2,627,782 shares of the stock were exchanged, compared to its average volume of 13,686,057. The stock has a market capitalization of $191,644.80, a price-to-earnings ratio of 162.93, a P/E/G ratio of 3.61 and a beta of 0.70. The Coca-Cola has a 12 month low of $41.40 and a 12 month high of $48.62. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.34 and a quick ratio of 1.25.

The Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Friday, February 16th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The company had revenue of $7.51 billion for the quarter, compared to analyst estimates of $7.36 billion. The Coca-Cola had a net margin of 3.52% and a return on equity of 38.36%. The business’s quarterly revenue was down 20.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.37 earnings per share.

Institutional investors have recently added to or reduced their stakes in the business. Swiss National Bank boosted its holdings in shares of The Coca-Cola by 3.0% during the second quarter. Swiss National Bank now owns 16,389,490 shares of the company’s stock valued at $735,069,000 after acquiring an additional 470,700 shares during the period. Summit Financial Group Inc. acquired a new position in shares of The Coca-Cola during the second quarter valued at $2,779,000. Global X Management Co. LLC boosted its holdings in shares of The Coca-Cola by 6.0% during the second quarter. Global X Management Co. LLC now owns 222,216 shares of the company’s stock valued at $9,966,000 after acquiring an additional 12,513 shares during the period. Amalgamated Bank boosted its holdings in shares of The Coca-Cola by 54.8% during the second quarter. Amalgamated Bank now owns 448,572 shares of the company’s stock valued at $20,118,000 after acquiring an additional 158,741 shares during the period. Finally, Flippin Bruce & Porter Inc. boosted its holdings in shares of The Coca-Cola by 1.8% during the second quarter. Flippin Bruce & Porter Inc. now owns 98,037 shares of the company’s stock valued at $4,397,000 after acquiring an additional 1,705 shares during the period. 65.13% of the stock is owned by hedge funds and other institutional investors.

In other The Coca-Cola news, insider Ed Hays sold 84,400 shares of The Coca-Cola stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $47.50, for a total value of $4,009,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert Edward Long sold 15,000 shares of The Coca-Cola stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $47.95, for a total transaction of $719,250.00. Following the completion of the transaction, the insider now directly owns 24,673 shares of the company’s stock, valued at approximately $1,183,070.35. The disclosure for this sale can be found here. In the last ninety days, insiders sold 122,640 shares of company stock valued at $5,800,776. 1.51% of the stock is currently owned by corporate insiders.

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 $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend is Wednesday, March 14th. This is an increase from The Coca-Cola’s previous quarterly dividend of $0.37. The Coca-Cola’s payout ratio is currently 548.15%.

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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.

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

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