Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Coca-Cola Company (The) (KO) Stock Price
News coverage about Coca-Cola Company (The) (NYSE:KO) has been trending somewhat positive this week, Accern Sentiment reports. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Coca-Cola Company (The) earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.5852600203807 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Coca Cola : Guyasuta Investment Advisors Has Decreased Its Coca Cola Co (KO) Stake; Walker & Dunlop Has 1.47 Sentiment (4-traders.com)
- Coca-Cola Company (The) (NYSE:KO) Sees Significant Growth in Short Interest (americanbankingnews.com)
- $8.81 Billion in Sales Expected for Coca-Cola Company (The) (NYSE:KO) This Quarter (americanbankingnews.com)
- Wendell David Associates Trims Position in Coca-Cola Company (The) (NYSE:KO) (eslforkids.net)
- Coca-Cola Company (The) (KO) Shares Sold by Hoertkorn Richard Charles (uspolitics24.com)
A number of research firms recently commented on KO. UBS AG set a $48.00 price target on Coca-Cola Company (The) and gave the stock a “buy” rating in a report on Tuesday, April 18th. Vetr upgraded Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $44.81 price target for the company in a report on Monday, April 24th. Jefferies Group LLC reiterated a “neutral” rating and set a $45.00 price target on shares of Coca-Cola Company (The) in a report on Tuesday, April 25th. Credit Suisse Group reiterated a “buy” rating and set a $49.00 price target on shares of Coca-Cola Company (The) in a report on Monday, July 24th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $46.00 price target on shares of Coca-Cola Company (The) in a report on Wednesday, April 26th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $45.70.
Coca-Cola Company (NYSE KO) traded up 0.46% during midday trading on Monday, hitting $45.80. 8,421,179 shares of the stock were exchanged. The firm has a market capitalization of $195.35 billion, a P/E ratio of 48.36 and a beta of 0.69. Coca-Cola Company has a 1-year low of $39.88 and a 1-year high of $46.42. The firm’s 50-day moving average price is $45.14 and its 200 day moving average price is $43.57.
Coca-Cola Company (The) (NYSE:KO) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. The company had revenue of $9.70 billion for 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%. Coca-Cola Company (The)’s revenue was down 15.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.60 EPS. Analysts expect that Coca-Cola Company will post $1.90 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date is Thursday, September 14th. Coca-Cola Company (The)’s payout ratio is currently 154.17%.
In other Coca-Cola Company (The) news, insider Beatriz R. Perez sold 29,282 shares of the stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $45.20, for a total value of $1,323,546.40. Following the sale, the insider now directly owns 118,000 shares in the company, valued at approximately $5,333,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jennifer K. Mann sold 8,819 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $45.61, for a total transaction of $402,234.59. Following the completion of the sale, the insider now owns 30,553 shares in the company, valued at $1,393,522.33. The disclosure for this sale can be found here. Insiders have sold a total of 614,841 shares of company stock worth $27,900,186 over the last 90 days. 1.51% of the stock is currently owned by corporate insiders.
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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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