Here's Why The Coca-Cola Company (KO) Trending These Days

Paterniano Del Favero
Mag 19, 2017

NE's holdings in The Coca-Cola were worth $920,000 at the end of the most recent quarter.

Looking at this figure it suggests that the shares of The Coca-Cola Company (KO) may be overvalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that The Coca-Cola Company (KO) is a good investment, however if the market is weaker then it could suggest that the shares are undervalued. Adirondack Trust Co. boosted its stake in The Coca-Cola by 1.9% in the third quarter. Butensky & Cohen Financial Security Inc. now owns 47,091 shares of the company's stock valued at $1,993,000 after buying an additional 240 shares in the last quarter. Aristotle Capital Management LLC now owns 5,211,828 shares of the company's stock worth $221,190,000 after buying an additional 318,371 shares in the last quarter. BlackRock Fund Advisors now owns 60,254,078 shares of the company's stock worth $2,549,953,000 after buying an additional 1,492,283 shares during the last quarter. GWM Advisors LLC boosted its stake in The Coca-Cola by 82.8% in the third quarter.

The number of shares traded in the last trading session was 14.52 Million. Finally, SRS Capital Advisors Inc. purchased a new position in The Coca-Cola during the fourth quarter valued at approximately $127,000.

Shares of The Coca-Cola Co (NYSE:KO) opened at 43.93 on Thursday. The stock has a market cap of $186.92 billion, a PE ratio of 30.79 and a beta of 0.69.

Stock is now moving with a positive distance from the 200 day simple moving average of approximately 5.21%, and has a solid year to date (YTD) performance of 6.89% which means the stock is constantly adding to its value from the previous fiscal year end price.

KO has a 1-year high price of $ 44.79 and 1-year low price of $39.53. The Coca-Cola also was the target of some unusual options trading activity on Tuesday. Stock traders acquired 24,058 call options on the company. This represents an increase of 246% compared to the typical daily volume of 6,950 call options.

Last time, the company failed Wall Street by reporting EPS of $0.43, smashing the consensus of $0.44 per share. The company had revenue of $9.12 billion for the quarter, compared to the consensus estimate of $8.85 billion. The firm's quarterly revenue was down 11.3% compared to the same quarter a year ago. On average, equities analysts predict that The Coca-Cola will post $1.88 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Shareholders of record on Thursday, June 15th will be issued a dividend of $0.37 per share. The ex-dividend date is Tuesday, June 13th. This represents a dividend yield of 1.71%. The Coca-Cola's payout ratio is presently 93.33%. If you are accessing this piece on another site, it was illegally stolen and republished in violation of United States and global trademark and copyright laws. The correct version of this article can be viewed at https://www.themarketsdaily.com/2017/05/18/stock-yards-bank-trust-co-reduces-stake-in-the-coca-cola-co-ko-updated.html.

A number of equities analysts have recently commented on the company. Wells Fargo had a markedly different take on 19/01/2017, proposing that The Coca-Cola Company is now considered Market Perform versus prior Outperform rating. Susquehanna Bancshares Inc set a $38.00 price target on The Coca-Cola and gave the stock a "hold" rating in a report on Saturday, March 25th.

The target price for The Coca-Cola Company (KO) is $45.53/share according to the consensus of analysts working on the stock, with an expected EPS of $0.58/share for the current quarter. Morgan Stanley lowered their price objective on shares of The Coca-Cola from $45.00 to $42.00 and set an "equal weight" rating for the company in a research report on Friday, February 10th. The firm presently has a "neutral" rating on the stock.

Now the shares of The Coca-Cola Company (KO) has a trading volume of 14.52 Million shares, with an average trading volume of 9770 shares - with shares dropping to a 52 week low of $39.53, and the company's shares hitting a 52 week high of $ 44.79. Also, insider Brian John Smith sold 87,800 shares of the stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $43.43, for a total value of $3,813,154.00. Following the transaction, the insider now directly owns 149,185 shares in the company, valued at approximately $6,479,104.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

In other The Coca-Cola news, insider J Alexander Douglas, Jr. sold 22,000 shares of the stock in a transaction dated Wednesday, May 3rd. The stock was bought at an average cost of GBX 2,092 ($27.00) per share, for a total transaction of £732.20 ($945.14). Following the completion of the transaction, the insider now owns 319,436 shares of the company's stock, valued at approximately $13,815,607. The disclosure for this sale can be found here.

By historical standards, The Coca-Cola Company remains a cheap stock. 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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