March 18, 2018

Coca-Cola Company (The) (KO) Earns "Buy" Rating from Royal Bank Of Canada

13 August 2017, 06:44 | Melvin Schneider

Coca-Cola bottle and can

Coca cola bottle and can mejini neskahshutterstock

Marathon Asset Management LLP now owns 2,699,084 shares of the company's stock valued at $115,439,000 after buying an additional 184,589 shares during the last quarter. Signature Estate & Investment Advisors LLC increased its position in Coca-Cola Company (The) by 5.0% in the first quarter.

These firms have also modified their investment in KO. The company reported $2.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.10 by $1.74. Consolid by 0.6%. Its stake was valued at $65,462,000 an increase of $6,864,000 as of quarter end. Investec Asset Management Ltd bolstered its holdings by buying 34,153 shares an increase of 14.7% in the quarter. Wetherby Asset Management Inc. now owns 9,292 shares of the company's stock valued at $350,000 after buying an additional 146 shares during the period. The hedge fund run by David Simon held 253,730 shares of the beverages (production and distribution) company at the end of 2016Q4, valued at $10.52M, up from 159,620 at the end of the previous reported quarter. Feltz Wealth PLAN Inc. acquired a new stake in Coca-Cola Company (The) during the first quarter valued at $150,000. Global Financial Private Capital LLC boosted its position in Coca-Cola Company (The) by 30.7% in the second quarter.

Coca-Cola Company (KO) traded down 0.33% on Wednesday, reaching $45.59. The company's shares were given away at $45.99 per share worth to an income of some $8,312,141 on account of DOUGLAS J ALEXANDER JR. The firm has a market cap of $20.75 billion, a price-to-earnings ratio of 26.18 and a beta of 0.95. Coca-Cola Company has a 12-month low of $39.88 and a 12-month high of $46.43.

Coca-Cola Bottling Co. Consolidated, launched on April 8, 1980, produces, markets and distributes nonalcoholic beverages. The dividend was $0.250 per share for the quarter or $1.00 annualized. The firm had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.77 billion. Coca-Cola European Partners PLC had a return on equity of 15.74% and a net margin of 6.93%. Coca-Cola Company (The)'s quarterly revenue was down 15.9% on a year-over-year basis. On average, analysts anticipate that Coca-Cola European Partners PLC will post $2.46 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, July 28th were issued a $0.25 dividend. Jefferies Group LLC restated a "hold" rating and issued a $42.00 target price on shares of Coca-Cola European Partners PLC in a report on Wednesday, June 14th. Coca-Cola Company (The)'s payout ratio is 154.17%.

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TRADEMARK VIOLATION WARNING: This piece was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another website, it was copied illegally and republished in violation of USA & worldwide copyright & trademark legislation. The legal version of this report can be read at It turned negative, as 76 investors sold KO shares while 623 reduced holdings. The stock of The Coca-Cola Co (NYSE:KO) earned "Buy" rating by RBC Capital Markets on Tuesday, August 1. Barclays PLC reaffirmed a buy rating and set a $46.00 price objective on shares of Coca-Cola European Partners PLC in a report on Friday, July 21st. Finally, Zacks Investment Research cut Coca-Cola Company (The) from a buy rating to a hold rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and seven have assigned a buy recommendation to the company. Citigroup Inc. set a $53.00 target price on shares of Coca-Cola Company (The) and gave the company a "buy" rating in a research report on Thursday, August 3rd. Cowen & Co maintained it with "Hold" rating and $4200 target in Thursday, July 13 report.

In other Coca-Cola Company (The) news, insider Francisco Crespo sold 7,700 shares of the firm's stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $46.01, for a total transaction of $354,277.00.

The company is down by -1.02% since yesterday's close of $210.97. The information was declared in a transaction filed with the SEC which is available at this hyperlink. The shares were sold at an average price of $45.00, for a total value of $15,936,570.00. The disclosure for this sale can be found here. In the last three months, insiders sold 614,841 shares of company stock valued at $27,900,186.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. Portfolio Solutions purchased a fresh position in Coca-Cola Company (The) during the Q1 valued roughly $108,000.

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