Advantage Investment Management LLC Invests $253000 in The Coca-Cola Co (KO)
- Author: Wendy Palmer May 18, 2017,
May 18, 2017, 17:24
4 analysts on average are expecting the company to report revenue of $1.06 Billion for the current quarter. The Coca-Cola posted earnings per share of $0.45 during the same quarter last year, which indicates a negative year-over-year growth rate of 2.2%.
The Coca-Cola (NYSE:KO) last issued its earnings results on Tuesday, April 25th. Equities research analysts predict that The Coca-Cola Co will post $1.88 earnings per share for the current fiscal year. This estimate is provided by 9660000 analysts.
Adel Tamano, vice-president for public affairs and communications of Coca-Cola Philippines, said the beverage firms looks forward to the immediate convening of the Sugar National Council - to be composed of sugar industry stakeholders and sugar-associated industries - which will ensure that policies and issues relating to sugar are properly addressed.
Coca-Cola has returned nearly $6 billion in dividends to shareholders last year, leading it to return $35 billion to investors through dividends in the last six years. The company has a market cap of $16.28 billion, a price-to-earnings ratio of 23.08 and a beta of 0.82. During the same period in the prior year, the firm earned $0.38 earnings per share.
Reyes Holdings, the parent company of Great Lakes Coca-Cola Distribution, has signed a letter of intent with the Coca-Cola Co.to distribute its bottled products, including Fanta, Dasani and other brands, in California and Nevada. Jefferies Group LLC reduced their target price on shares of The Coca-Cola to $42.00 and set a hold rating for the company in a research note on Friday, February 10th. The stock had a trading volume of 93,562 shares. Credit Suisse Group AG raised The Coca-Cola from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $44.00 to $49.00 in a research report on Wednesday, April 19th.
01/15/2016 - Coca Cola Femsa S.A.B.de C.V. was downgraded to "neutral" by analysts at Goldman Sachs. On this scale, a 1 would represent a Strong Buy, and a 5 rating would signal a Strong Sell recommendation. The Coca-Cola now has an average rating of "Hold" and an average target price of $43.12.
A number of institutional investors have recently bought and sold shares of KO. LLC increased its stake in The Coca-Cola by 1.1% in the third quarter.
The Coca-Cola Company (KO) has a market capitalization of 187.35 Billion which suggests the company is a huge company further suggesting that the shares of The Coca-Cola Company (KO) are stable and safe compared to the lower market capitalization companies.
First Fiduciary Investment Counsel Inc increased Coca (KO) stake by 5.16% reported in 2016Q4 SEC filing.
The stock has Return on Assets (ROA) of 6.8 percent. Stock monthly performance is recorded as 2.30% while its performance in last one week is 0.78%. SRS Capital Advisors Inc. acquired a new stake in The Coca-Cola during the fourth quarter worth $127,000. Finally, Northwest Investment Counselors LLC boosted its position in shares of The Coca-Cola by 1.6% in the third quarter. Coca-Cola European Partners Plc (ENXTAM:CCE) presently has a 10 month price index of 1.15468.
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Mexico's Coca-Cola Femsa (KOFL.MX), the world's largest Coke bottler, said on Tuesday it has abandoned plans to acquire certain territories in the United States after thorough analysis and negotiations with The Coca-Cola Company (NYSE:KO).
The business also recently announced a quarterly dividend, which will be paid on Monday, July 3rd.
In a statement, Coca-Cola FEMSA said it unilaterally withdrew on Tuesday the petition for declaration of nullity with prayer for preliminary injunction filed at the Regional Trial Court of Quezon City on March 3 "in the interest of finding an equitable resolution to the HFCS importation issue". The indicated annual dividend is $0.92. The stock's Dividend Yield stands at 4.11%.