Coca-Cola Company (The) (KO) Releases Quarterly Earnings Results, Meets Estimates
- Author: Douglas Reid Feb 10, 2017,
Feb 10, 2017, 1:59
Unit case volume was down 1 percent in the final quarter but ended the year 1 percent up.
Want to see what other hedge funds are holding KO? The company had a trading volume of 12,469,432 shares.
The Coca-Cola Company (NYSE:KO), from Consumer Goods sector has been on the upside of the performance spectrum. The Short Ratio for the stock is 1. However price change of the stock was -3.01% on seventh day of the earnings report. The new position report by Fundx Investment Group was filed on Feb 8, 2017.The Coca-Cola Co makes up approximately 0.23% of Fundx Investment Group's portfolio.
Shares of Coca-Cola Co. fell 89 cents, or 2.1 percent, to $41.13 in morning trading Thursday. Studies indicate that the stock prices of firms with significant positive earnings surprises show above-average performance, while those with negative surprises have below-average performance. The stock's current distance from 20-Day Simple Moving Average (SMA20) is 4.82% where SMA50 and SMA200 are 8.21% and -2.47% respectively. The company has a market capitalization of $181.23 billion, a PE ratio of 25.48 and a beta of 0.69. The most expectant earnings per share estimate of the stock is set at $1.93 while the conservative estimates kept at $1.89 over the current year. The stock has an operating margin of 10.50% and a net profit margin of 7.50% This appreciation has taken its price 16.30% above the 52-week low. Susquehanna Bancshares Inc reissued a "hold" rating and set a $39.00 price objective on shares of Coca-Cola European Partners PLC in a research note on Monday, November 14th.
In The Coca-Cola Company (NYSE:KO)'s latest quarter, EPS moved to $0.49 from $0.60 in preceding quarter and revenues reached at $10,626.00M compared to $11,524.00M. If you are reading this piece on another website, it was copied illegally and reposted in violation of worldwide copyright and trademark legislation.
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Having a glance at growth estimates of the company, it has current quarter growth estimates of -2.60% whereas for next quarter it has 2.20% estimations over growth.
The company also recently disclosed a special dividend, which was paid on Friday, January 13th.
When it comes to the Analysis of a Stock, Price Target plays a vital role. TheStreet downgraded Coca-Cola Company (The) from a "buy" rating to a "hold" rating in a research report on Wednesday, October 26th. Eight research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company.
The volatility (week) for The Coca-Cola Company is at 0.75% and the volatility (month) is at 0.84%.
The fourth quarter included a $919 million charge related to the refranchising of some of the company's bottling operations in North America. It markets, manufactures and sells beverage concentrates referred to as beverage bases, and syrups, including fountain syrups (concentrate business or concentrate operations), and finished sparkling and still beverages (finished product business or finished product operations).