The Coca-Cola (KO) Receives Daily Coverage Optimism Rating of -1.00
News articles about The Coca-Cola (NYSE:KO) have been trending somewhat negative on Saturday, according to InfoTrie Sentiment. The research firm scores the sentiment of news coverage by monitoring more than 6,000 blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. The Coca-Cola earned a media sentiment score of -1.00 on their scale. InfoTrie also assigned media coverage about the company an news buzz score of 5 out of 10, indicating that recent news coverage is somewhat likely to have an impact on the company’s share price in the next several days.
These are some of the news articles that may have effected The Coca-Cola’s score:
- Coca-Cola boosts caffeine rush with energy drinks (bizjournals.com)
- The Coca-Cola (KO) PT Set at $56.00 by Citigroup (americanbankingnews.com)
- Coca-Cola Looks To Create Energy Drinks (pymnts.com)
- axle ai, Inc., an AI-driven Video Search Company, Launches SeedInvest Funding Campaign (prweb.com)
- Monster stock drops on reports of new Coca-Cola energy drinks (bizjournals.com)
KO has been the topic of a number of research reports. Barclays reaffirmed a “buy” rating and issued a $50.00 price target on shares of The Coca-Cola in a research note on Friday, October 5th. Zacks Investment Research lowered shares of The Coca-Cola from a “hold” rating to a “sell” rating in a research note on Thursday, October 4th. JPMorgan Chase & Co. reaffirmed a “$45.12” rating and issued a $49.00 price target on shares of The Coca-Cola in a research note on Wednesday, July 18th. HSBC reiterated a “buy” rating and issued a $64.00 price objective on shares of The Coca-Cola in a report on Wednesday, October 31st. Finally, Jefferies Financial Group set a $48.00 price objective on shares of The Coca-Cola and gave the company a “neutral” rating in a report on Thursday, September 6th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $51.43.
The Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Tuesday, October 30th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.03. The business had revenue of $8.25 billion during the quarter, compared to the consensus estimate of $8.20 billion. The Coca-Cola had a net margin of 8.70% and a return on equity of 43.12%. The business’s revenue was down 9.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.50 EPS. As a group, equities analysts forecast that The Coca-Cola will post 2.08 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be issued a dividend of $0.39 per share. The ex-dividend date is Thursday, November 29th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.14%. The Coca-Cola’s dividend payout ratio is currently 81.68%.
In other news, SVP Beatriz R. Perez sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 31st. The shares were sold at an average price of $47.98, for a total transaction of $479,800.00. Following the completion of the sale, the senior vice president now owns 92,645 shares in the company, valued at approximately $4,445,107.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert Edward Long sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $48.65, for a total transaction of $729,750.00. Following the sale, the insider now owns 68,029 shares of the company’s stock, valued at approximately $3,309,610.85. The disclosure for this sale can be found here. Insiders have sold a total of 176,354 shares of company stock valued at $8,559,188 in the last 90 days. Insiders own 1.48% of the company’s stock.
About The Coca-Cola
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plantbased beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
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