Wall Street brokerages forecast that Coca-Cola Company (The) (NYSE:KO) will post $8.81 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Coca-Cola Company (The)’s earnings, with estimates ranging from $8.69 billion to $8.95 billion. Coca-Cola Company (The) posted sales of $10.63 billion in the same quarter last year, which would indicate a negative year over year growth rate of 17.1%. The company is scheduled to report its next earnings results on Wednesday, October 25th.

According to Zacks, analysts expect that Coca-Cola Company (The) will report full year sales of $8.81 billion for the current year, with estimates ranging from $34.68 billion to $35.60 billion. For the next year, analysts expect that the firm will report sales of $30.77 billion per share, with estimates ranging from $29.75 billion to $31.53 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Coca-Cola Company (The).

Coca-Cola Company (The) (NYSE:KO) last posted its earnings results on Wednesday, July 26th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. The firm had revenue of $9.70 billion during the quarter, compared to analysts’ expectations of $9.62 billion. Coca-Cola Company (The) had a net margin of 10.68% and a return on equity of 34.53%. The business’s revenue for the quarter was down 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.60 earnings per share.

KO has been the subject of several recent research reports. UBS Group AG reiterated a “buy” rating and issued a $48.00 price objective on shares of Coca-Cola Company (The) in a research report on Monday, May 15th. Zacks Investment Research upgraded Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Tuesday, June 27th. Sanford C. Bernstein set a $49.00 price objective on Coca-Cola Company (The) and gave the company a “buy” rating in a research report on Tuesday, July 11th. Credit Suisse Group reiterated a “buy” rating and issued a $49.00 price objective on shares of Coca-Cola Company (The) in a research report on Monday, July 24th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $49.00 price objective on shares of Coca-Cola Company (The) in a research report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have given a buy rating to the stock. Coca-Cola Company (The) presently has an average rating of “Hold” and a consensus target price of $45.79.

In other Coca-Cola Company (The) news, VP Kathy N. Waller sold 8,952 shares of the stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $45.77, for a total value of $409,733.04. Following the transaction, the vice president now owns 109,508 shares of the company’s stock, valued at $5,012,181.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Brian John Smith sold 100,000 shares of the stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $46.10, for a total value of $4,610,000.00. Following the completion of the transaction, the insider now directly owns 136,385 shares in the company, valued at approximately $6,287,348.50. The disclosure for this sale can be found here. In the last three months, insiders sold 396,117 shares of company stock worth $18,197,793. 1.51% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. Intl Fcstone Inc. raised its stake in shares of Coca-Cola Company (The) by 133.3% in the second quarter. Intl Fcstone Inc. now owns 59,400 shares of the company’s stock worth $2,664,000 after buying an additional 33,937 shares during the period. M Holdings Securities Inc. raised its stake in shares of Coca-Cola Company (The) by 12.4% in the second quarter. M Holdings Securities Inc. now owns 39,535 shares of the company’s stock worth $1,773,000 after buying an additional 4,354 shares during the period. Griffin Asset Management Inc. bought a new position in shares of Coca-Cola Company (The) in the second quarter worth about $5,550,000. Aldebaran Financial Inc. raised its stake in shares of Coca-Cola Company (The) by 6.8% in the second quarter. Aldebaran Financial Inc. now owns 44,349 shares of the company’s stock worth $1,989,000 after buying an additional 2,818 shares during the period. Finally, Lord Abbett & CO. LLC raised its stake in shares of Coca-Cola Company (The) by 18.2% in the second quarter. Lord Abbett & CO. LLC now owns 3,073,716 shares of the company’s stock worth $137,856,000 after buying an additional 473,787 shares during the period. 64.68% of the stock is currently owned by institutional investors.

Coca-Cola Company (NYSE:KO) traded up 0.50% on Friday, hitting $45.78. 7,391,249 shares of the stock were exchanged. The company has a 50-day moving average price of $45.51 and a 200-day moving average price of $44.02. Coca-Cola Company has a 52-week low of $39.88 and a 52-week high of $46.42. The firm has a market cap of $195.27 billion, a PE ratio of 48.34 and a beta of 0.71.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend is Thursday, September 14th. Coca-Cola Company (The)’s dividend payout ratio is 154.17%.

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About Coca-Cola Company (The)

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.

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

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