Coca-Cola Co. (NYSE:KO) – Equities research analysts at SunTrust Banks issued their Q1 2017 earnings per share estimates for shares of Coca-Cola in a report released on Wednesday. SunTrust Banks analyst W. Chappell forecasts that the brokerage will earn $0.45 per share for the quarter. SunTrust Banks has a “Buy” rating on the stock. SunTrust Banks also issued estimates for Coca-Cola’s Q2 2017 earnings at $0.59 EPS, Q3 2017 earnings at $0.52 EPS, Q4 2017 earnings at $0.38 EPS and FY2018 earnings at $2.15 EPS.
A number of other equities analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Coca-Cola from a “sell” rating to a “hold” rating in a research note on Monday, September 12th. Independent Research GmbH set a $38.00 price target on shares of Coca-Cola and gave the company a “sell” rating in a research note on Monday, August 1st. RBC Capital Markets set a $49.00 price target on shares of Coca-Cola and gave the company a “buy” rating in a research note on Thursday, October 13th. Vetr downgraded shares of Coca-Cola from a “strong-buy” rating to a “buy” rating and set a $46.93 price target for the company. in a research note on Thursday, September 15th. Finally, Deutsche Bank AG reaffirmed a “buy” rating on shares of Coca-Cola in a research note on Sunday, July 24th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $46.60.
Coca-Cola (NYSE:KO) opened at 42.23 on Friday. Coca-Cola has a 1-year low of $40.75 and a 1-year high of $47.13. The stock’s 50 day moving average is $42.15 and its 200-day moving average is $44.04. The firm has a market capitalization of $182.14 billion, a P/E ratio of 25.61 and a beta of 0.59.
Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.01. Coca-Cola had a net margin of 16.99% and a return on equity of 32.47%. The company earned $10.60 billion during the quarter, compared to the consensus estimate of $10.47 billion. During the same period in the prior year, the business posted $0.51 EPS. The company’s quarterly revenue was down 6.9% on a year-over-year basis.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend is Tuesday, November 29th. Coca-Cola’s dividend payout ratio (DPR) is currently 84.85%.
Hedge funds have recently bought and sold shares of the stock. MCF Advisors LLC raised its stake in Coca-Cola by 10.0% in the second quarter. MCF Advisors LLC now owns 2,208 shares of the company’s stock worth $100,000 after buying an additional 200 shares during the period. Blue Bell Private Wealth Management LLC raised its stake in Coca-Cola by 6.7% in the third quarter. Blue Bell Private Wealth Management LLC now owns 2,377 shares of the company’s stock worth $101,000 after buying an additional 150 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its stake in Coca-Cola by 562.1% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,483 shares of the company’s stock worth $113,000 after buying an additional 2,108 shares during the period. Country Trust Bank raised its stake in Coca-Cola by 25.0% in the second quarter. Country Trust Bank now owns 2,500 shares of the company’s stock worth $113,000 after buying an additional 500 shares during the period. Finally, Lenox Wealth Management Inc. raised its stake in Coca-Cola by 38.0% in the second quarter. Lenox Wealth Management Inc. now owns 2,611 shares of the company’s stock worth $118,000 after buying an additional 719 shares during the period. 64.30% of the stock is currently owned by institutional investors.