11 August, 2017
The Coca-Cola Company disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Senior Vice President MANN JENNIFER K has sold 8,819 shares of The Coca-Cola Company (KO) in trading session dated August 07, 2017. The institutional investor owned 38,547 shares of the company's stock after buying an additional 2,169 shares during the period. First Trust Advisors LP now owns 11,881 shares of the company's stock valued at $2,448,000 after buying an additional 8,058 shares during the period. The firm owned 500 shares of the company's stock at the end of the second quarter. IFM Investors Pty Ltd purchased a new position in shares of Coca-Cola Company (The) during the fourth quarter valued at about $2,170,000. Algert Global LLC raised its position in shares of Coca-Cola Bottling Co. Tiaa Cref Investment Management LLC bolstered its investment by buying 8 shares an increase of 0.1% in the quarter. A 14 analysts rate it as either a buy or a strong buy, while0 believe that investors should either steer clear of NUVA or, if they already own its stock, sell it. Wells Fargo & Company MN now owns 5,193 shares of the company's stock valued at $1,070,000 after buying an additional 986 shares during the period. CCE comes in with a P/S ratio of 1.73 that's greater than 1, potentially implying that it could be expensive relative to the overall sector (6.08) and its peers (1.44). The firm has a market capitalization of $194.78 billion, a PE ratio of 48.2213 and a beta of 0.69.
The stock is trading at $210.97 quite a bit below $234.01, the 50 day moving average and which is slightly above the 200 day moving average of $206.88. Of all stocks tracked, Coca-Cola Company (The) had the 9th highest net in-flow for the day.
The value of the total investment in Coca-Cola Company (The) went from $3,800,000 to $4,186,000 a change of $386,000 since the last quarter. The difference between the expected and actual EPS was $0.03/share, which represents an Earnings surprise of 8.8%. The business had revenue of $9.70 billion during the quarter, compared to the consensus estimate of $9.62 billion. The firm's revenue for the quarter was down 15.9% compared to the same quarter previous year. Coca-Cola European Partners plc (NYSE:CCE) earnings have risen with a quarterly rate of 2% over the last 5 years. On average, equities analysts expect that Coca-Cola Company will post $1.90 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. The dividend yield was $0.48. The ex-dividend date is Wednesday, July 26th. Coca-Cola Company (The)'s dividend payout ratio is now 154.17%.
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A number of other research analysts also recently weighed in on the stock. Finally, BMO Capital Markets reiterated a "buy" rating and set a $46.00 price objective on shares of Coca-Cola Company (The) in a research report on Wednesday, April 26th. Goldman Sachs Group, Inc. Jefferies Group LLC reiterated a "neutral" rating and set a $45.00 price target (up previously from $42.00) on shares of Coca-Cola Company (The) in a research report on Tuesday, April 18th. The stock has an average rating of "Hold" and an average target price of $45.70. Accern also assigned news coverage about the company an impact score of 83 out of 100, indicating that recent media coverage is very likely to have an impact on the stock's share price in the near term. The shares were sold at an average price of $45.00, for a total transaction of $15,936,570.00. North American Management Corp now owns 6,435 shares of the company's stock valued at $289,000 after buying an additional 600 shares during the period. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Following the transaction, the senior vice president now directly owns 98,718 shares in the company, valued at approximately $4,541,028. The disclosure for this sale can be found here. The Firm is an independent Coca-Cola bottler in the United States. The Company's segments include Nonalcoholic Beverages and All Other.
