The Coca-Cola (NYSE:KO) Releases FY 2021 Earnings Guidance

The Coca-Cola (NYSE:KO) issued an update on its FY 2021 earnings guidance on Wednesday morning. The company provided EPS guidance of $2.200-$2.240 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.180. The company issued revenue guidance of -.

KO traded up $0.07 during trading on Thursday, reaching $56.62. 266,905 shares of the stock traded hands, compared to its average volume of 13,722,054. The firm’s 50-day moving average price is $54.97. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.13 and a current ratio of 1.33. The Coca-Cola has a fifty-two week low of $46.22 and a fifty-two week high of $57.56. The stock has a market cap of $244.13 billion, a PE ratio of 33.77, a price-to-earnings-growth ratio of 3.35 and a beta of 0.61.

The Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Tuesday, July 20th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.12. The business had revenue of $10.10 billion during the quarter, compared to analyst estimates of $9.30 billion. The Coca-Cola had a return on equity of 41.48% and a net margin of 21.59%. The firm’s revenue was up 40.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.42 EPS. On average, equities research analysts expect that The Coca-Cola will post 2.19 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 1st. Shareholders of record on Wednesday, September 15th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Tuesday, September 14th. The Coca-Cola’s dividend payout ratio is 86.15%.

KO has been the topic of a number of recent research reports. Truist raised their price target on shares of The Coca-Cola from $60.00 to $65.00 and gave the company a buy rating in a report on Thursday. Wells Fargo & Company raised their target price on The Coca-Cola from $62.00 to $64.00 and gave the company an overweight rating in a report on Thursday. Bank of America upped their price target on The Coca-Cola from $60.00 to $64.00 and gave the stock a buy rating in a research note on Thursday. Citigroup raised their price objective on The Coca-Cola from $57.00 to $60.00 and gave the company a neutral rating in a research note on Thursday. Finally, Wolfe Research assumed coverage on The Coca-Cola in a research report on Monday, April 12th. They set a peer perform rating for the company. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $61.25.

In related news, CEO James Quincey sold 110,000 shares of the business’s stock in a transaction dated Friday, April 23rd. The stock was sold at an average price of $54.48, for a total transaction of $5,992,800.00. Following the transaction, the chief executive officer now directly owns 266,718 shares in the company, valued at $14,530,796.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Nancy Quan sold 19,911 shares of the company’s stock in a transaction that occurred on Friday, July 16th. The shares were sold at an average price of $56.50, for a total value of $1,124,971.50. Following the completion of the transaction, the senior vice president now directly owns 196,745 shares of the company’s stock, valued at approximately $11,116,092.50. The disclosure for this sale can be found here. Insiders have sold 185,303 shares of company stock worth $10,213,630 in the last ninety days. 1.01% of the stock is currently owned by insiders.

A hedge fund recently bought a new stake in The Coca-Cola stock. OLD Mission Capital LLC purchased a new position in The Coca-Cola Company (NYSE:KO) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,950 shares of the company’s stock, valued at approximately $244,000. 66.21% of the stock is currently owned by institutional investors.

The Coca-Cola Company Profile

The Coca-Cola Co is the nonalcoholic beverage company, which engages in the manufacture, market, and sale of non-alcoholic beverages which include sparkling soft drinks, water, enhanced water and sports drinks, juice, dairy and plant-based beverages, tea and coffee and energy drinks. Its brands include Coca-Cola, Diet Coke, Coca-Cola Zero, Fanta, Sprite, Minute Maid, Georgia, Powerade, Del Valle, Schweppes, Aquarius, Minute Maid Pulpy, Dasani, Simply, Glaceau Vitaminwater, Bonaqua, Gold Peak, Fuze Tea, Glaceau Smartwater, and Ice Dew.

Recommended Story: Does the Dogs of the Dow strategy work?

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

Receive News & Ratings for The Coca-Cola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Coca-Cola and related companies with's FREE daily email newsletter.