Published: Fri, April 28, 2017
Business | By Patricia Jimenez

Needle Moving Activity Spotted in The Coca-Cola Company (NYSE:KO)

Needle Moving Activity Spotted in The Coca-Cola Company (NYSE:KO)

Navellier & Associates Inc now owns 7,761 shares of the company's stock worth $310,000 after buying an additional 535 shares during the last quarter. Portfolio Solutions LLC acquired a new position in The Coca-Cola during the first quarter valued at $108,000.

Shares edged 0.9% higher premarket to $43.32.

The Coca-Cola Company (KO) closed 3.46% above its 200-day moving average and is 2.7% above another chart threshold, its 50-day moving average. The stock has a market cap of $185.65 billion, a PE ratio of 29.02 and a beta of 0.69.

The Coca-Cola Company (KO) has a 52-week high of $44.79 and a 52-week low of $39.53. The Coca-Cola also saw some unusual options trading activity on Monday. This is an increase of approximately 139% compared to the typical daily volume of 4,494 put options. A month ago, they told us to expect earnings of US$0.48 per share while three months ago their EPS consensus estimate was US$0.5.

Revenues fell 11.3 percent to $9.1 billion, reflecting lower sales from bottlers that were sold to franchisees as part of a corporate reorganization. The Coca-Cola had a net margin of 15.59% and a return on equity of 32.94%. The firm's quarterly revenue was down 11.3% compared to the same quarter a year ago.

The Coca-Cola Company (KO) has a mean recommendation of 2.67, according to data compiled by Zacks Investment Research.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Monday, April 10th were paid a $0.2261 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 2.37%.

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Despite the drop in revenue and EPS this quarter, the steps taken by Coca-Cola in terms of refranchising and undergoing changes to become leaner could help it improve its profitability and achieve higher EPS growth in the next couple of years. The ex-dividend date was Thursday, April 6th.

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Other analysts also recently issued reports about the company. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. Barclays PLC started coverage on shares of The Coca-Cola in a report on Monday, January 9th.

Basically, a price target is an individual analyst's projection on the future price of a stock. Zacks Investment Research raised shares of The Coca-Cola from a "sell" rating to a "hold" rating in a report on Monday, January 9th. Goldman Sachs Group Inc reissued a sell rating and set a $39.00 price objective on shares of The Coca-Cola in a research note on Monday, January 9th. Finally, Credit Suisse Group AG set a $43.00 target price on shares of The Coca-Cola and gave the stock a "neutral" rating in a report on Tuesday, January 10th. The company presently has an average rating of Hold and a consensus target price of $44.39.

Relative strength index (RSI-14) for The Coca-Cola Company (KO) is at 63.07.

As the firm transforms into a total beverage company it says it is shifting from a "category cluster" model to focus on five beverage categories - sparkling soft drinks; energy; juice, dairy and plant-based drinks; water, enhanced water and sports drinks; and tea and coffee.

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