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.

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

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