Coca-Cola Company (The) (NYSE:KO) – Equities research analysts at Gabelli boosted their FY2019 EPS estimates for Coca-Cola Company (The) in a research note issued on Monday. Gabelli analyst D. Witkowski now expects that the company will post earnings per share of $2.20 for the year, up from their prior estimate of $2.15. Gabelli also issued estimates for Coca-Cola Company (The)’s FY2020 earnings at $2.35 EPS and FY2021 earnings at $2.60 EPS.

Coca-Cola Company (The) (NYSE:KO) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. The firm had revenue of $9.08 billion for the quarter, compared to analysts’ expectations of $8.73 billion. Coca-Cola Company (The) had a net margin of 12.20% and a return on equity of 36.21%. The business’s revenue for the quarter was down 14.6% on a year-over-year basis. During the same period last year, the firm earned $0.49 earnings per share. WARNING: “FY2019 Earnings Estimate for Coca-Cola Company (The) Issued By Gabelli (KO)” was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this report on another website, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The correct version of this report can be read at https://www.thecerbatgem.com/2017/11/22/fy2019-earnings-estimate-for-coca-cola-company-the-issued-by-gabelli-ko.html.

A number of other brokerages have also commented on KO. Susquehanna Bancshares Inc set a $39.00 price objective on shares of Coca-Cola Company (The) and gave the stock a “hold” rating in a report on Wednesday, July 26th. Jefferies Group LLC set a $47.00 price objective on shares of Coca-Cola Company (The) and gave the stock a “neutral” rating in a report on Thursday, July 27th. UBS AG lifted their price target on shares of Coca-Cola Company (The) from $49.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday, July 27th. Deutsche Bank AG reiterated a “hold” rating and issued a $46.00 price target (up from $44.00) on shares of Coca-Cola Company (The) in a research note on Thursday, July 27th. Finally, Zacks Investment Research upgraded shares of Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Friday, July 28th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. Coca-Cola Company (The) presently has a consensus rating of “Hold” and a consensus price target of $47.71.

Shares of Coca-Cola Company (KO) traded up $0.06 during midday trading on Wednesday, hitting $45.84. 8,434,405 shares of the stock were exchanged, compared to its average volume of 11,502,317. The company has a market capitalization of $195,310.00, a PE ratio of 24.05, a price-to-earnings-growth ratio of 3.85 and a beta of 0.70. Coca-Cola Company has a 52 week low of $39.88 and a 52 week high of $47.48. The company has a current ratio of 1.39, a quick ratio of 1.30 and a debt-to-equity ratio of 1.47.

Several institutional investors have recently added to or reduced their stakes in the business. Chicago Partners Investment Group LLC lifted its stake in shares of Coca-Cola Company (The) by 257.1% in the third quarter. Chicago Partners Investment Group LLC now owns 15,691 shares of the company’s stock valued at $706,000 after buying an additional 11,297 shares in the last quarter. Institutional & Family Asset Management LLC raised its holdings in shares of Coca-Cola Company (The) by 25.7% in the third quarter. Institutional & Family Asset Management LLC now owns 17,850 shares of the company’s stock valued at $803,000 after purchasing an additional 3,652 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in shares of Coca-Cola Company (The) in the third quarter valued at about $4,133,000. Public Employees Retirement System of Ohio raised its holdings in shares of Coca-Cola Company (The) by 1.5% in the third quarter. Public Employees Retirement System of Ohio now owns 2,736,024 shares of the company’s stock valued at $123,148,000 after purchasing an additional 41,707 shares during the last quarter. Finally, Truepoint Inc. raised its holdings in shares of Coca-Cola Company (The) by 3,845.2% in the third quarter. Truepoint Inc. now owns 571,069 shares of the company’s stock valued at $571,000 after purchasing an additional 556,594 shares during the last quarter. 65.09% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider J Alexander Douglas, Jr. sold 338,009 shares of the stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $46.09, for a total transaction of $15,578,834.81. Following the transaction, the insider now directly owns 320,013 shares of the company’s stock, valued at $14,749,399.17. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.51% of the stock is owned by corporate insiders.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.23%. The ex-dividend date is Thursday, November 30th. Coca-Cola Company (The)’s dividend payout ratio is presently 140.95%.

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.

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

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