$7.36 Billion in Sales Expected for The Coca-Cola Co (KO) This Quarter

Analysts predict that The Coca-Cola Co (NYSE:KO) will report sales of $7.36 billion for the current fiscal quarter, Zacks reports. Six analysts have made estimates for The Coca-Cola’s earnings, with the lowest sales estimate coming in at $7.25 billion and the highest estimate coming in at $7.54 billion. The Coca-Cola reported sales of $9.41 billion during the same quarter last year, which indicates a negative year over year growth rate of 21.8%. The firm is scheduled to issue its next earnings results before the market opens on Friday, February 16th.

On average, analysts expect that The Coca-Cola will report full-year sales of $7.36 billion for the current year, with estimates ranging from $35.13 billion to $35.82 billion. For the next year, analysts forecast that the business will post sales of $30.90 billion per share, with estimates ranging from $29.93 billion to $31.83 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for The Coca-Cola.

A number of brokerages have recently weighed in on KO. BMO Capital Markets restated a “hold” rating and issued a $47.00 price target on shares of The Coca-Cola in a research report on Friday, October 27th. JPMorgan Chase & Co. set a $48.00 price target on The Coca-Cola and gave the company a “neutral” rating in a research report on Friday, December 15th. Goldman Sachs Group set a $45.00 price target on The Coca-Cola and gave the company a “sell” rating in a research report on Thursday, October 26th. Susquehanna Bancshares set a $45.00 price target on The Coca-Cola and gave the company a “hold” rating in a research report on Tuesday, November 21st. Finally, Royal Bank of Canada set a $56.00 price target on The Coca-Cola and gave the company a “buy” rating in a research report on Tuesday, January 2nd. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $49.01.

The Coca-Cola (NYSE KO) traded down $0.09 during trading hours on Friday, reaching $44.10. The company’s stock had a trading volume of 13,426,966 shares, compared to its average volume of 13,972,211. The stock has a market capitalization of $187,470.00, a PE ratio of 42.01, a price-to-earnings-growth ratio of 3.54 and a beta of 0.70. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.39 and a quick ratio of 1.30. The Coca-Cola has a 1 year low of $40.40 and a 1 year high of $48.62.

In related news, CFO Kathy N. Waller sold 23,240 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $46.15, for a total transaction of $1,072,526.00. Following the sale, the chief financial officer now directly owns 123,796 shares in the company, valued at approximately $5,713,185.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Robert Edward Long sold 15,000 shares of the firm’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $47.95, for a total value of $719,250.00. Following the sale, the insider now owns 24,673 shares in the company, valued at $1,183,070.35. The disclosure for this sale can be found here. Insiders sold a total of 122,640 shares of company stock worth $5,800,776 over the last ninety days. Corporate insiders own 1.51% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Santori & Peters Inc. acquired a new position in shares of The Coca-Cola in the 4th quarter worth approximately $127,000. Veritas Investment Management LLP acquired a new position in shares of The Coca-Cola in the 3rd quarter worth approximately $135,000. Spectrum Management Group Inc. acquired a new position in shares of The Coca-Cola in the 3rd quarter worth approximately $137,000. Legacy Advisors LLC acquired a new position in shares of The Coca-Cola in the 3rd quarter worth approximately $139,000. Finally, Goodman Financial Corp acquired a new position in shares of The Coca-Cola in the 4th quarter worth approximately $143,000. Institutional investors and hedge funds own 65.34% of the company’s stock.

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The Coca-Cola Company Profile

The Coca-Cola Company is a beverage company. 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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Earnings History and Estimates for The Coca-Cola (NYSE:KO)

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