The Coca-Cola Company (NYSE:KO) registered a 0.17% increase, still its new closing price is 4.62% up from the company’s 1 year high of 46.00.It posted 0.61% gains in previous 5 sessions and is now the subject of 12 analysts who together assign a hold rating on stock. 2 of Wall Street analysts have an underperform rating; the 0 sells versus 5 buy or better ratings. The 24 stock analysts following this company have an average price target at $45.09, with individual PT in the $39.00-$50.00 range. The shares moved at $41.29, implying that brokerage firms see shares gaining about 1.70% in twelve months time.
The Coca-Cola Company (KO) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -0.41% fall year to date. A Senior VP, General Counsel at The Coca-Cola Company (KO) offloaded shares in a transaction closed on Friday November 04, 2016. Goepelt Bernhard sold 8,943 shares in the company at $41.75 each and collected $373,000 in proceeds. Goepelt Bernhard now owns 51,244 shares in the company after this transaction. A Executive VP, CFO in the company, Waller Kathy N, disclosed a transaction on Thursday November 03, 2016 that ended up generating $1,528,001 from the sale of 36,342 shares at $42.06 per share.
The Coca-Cola Company (NYSE:KO) Upcoming Results on Tap
The Coca-Cola Company will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.59 in that period. Sales during the quarter are predicted to arrive at $8.5 billion.
Earnings surprise history: Last quarter, the company posted approximately $10.63 billion in revenue and EPS of $0.49. The mean forecast was for $10.51 billion and $0.48 a share, respectively. One quarter earlier, revenue for the stock was at $11.52 billion, with earnings at $0.60/share.
The Coca-Cola Company (KO) Brokerage Update
The Coca-Cola Company (KO) is in Goldman’s research list so their analyst rating change is noteworthy. These shares were downgraded to Sell from Neutral by Goldman, according to news reported on Monday January 09, 2017.Another important research note was issued by Morgan Stanley on Friday December 16, 2016.The firm downgraded KO to Equal-Weight from Overweight. Over the last six months and over the last three months, the shares of The Coca-Cola Company (KO), have changed -8.00% and 0.09%, respectively.
The Coca-Cola Company (NYSE:KO) on January 10, 2017 reported that it will release fourth quarter and full-year 2016 financial results on Thursday, Feb. 9, 2017, before the New York Stock Exchange opens. The company will host an investor conference call at 9 a.m. EST on Feb. 9, 2017 to discuss these results along with the 2017 outlook. The company’s Investor Relations team will hold a separate investor conference call to address financial modeling-related questions at 11:30 a.m. EST on the same day.
The Coca-Cola Company (KO) is the world’s largest beverage company, refreshing consumers with more than 500 sparkling and still brands and more than 3,800 beverage choices. Led by Coca-Cola, one of the world’s most valuable and recognizable brands, our company’s portfolio features 20 billion-dollar brands, 18 of which are available in reduced-, low- or no-calorie options. Our billion-dollar brands include Diet Coke, Coca-Cola Zero, Fanta, Sprite, Dasani, vitaminwater, Powerade, Minute Maid, Simply, Del Valle, Georgia and Gold Peak.