The Coca-Cola (NYSE:KO) Updates FY20 Earnings Guidance

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The Coca-Cola (NYSE:KO) issued an update on its FY20 earnings guidance on Friday morning. The company provided earnings per share guidance of $2.25 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.26. The Coca-Cola also updated its FY 2020
Pre-Market guidance to 2.25-2.25 EPS.

Shares of KO stock traded down $1.32 during mid-day trading on Monday, hitting $58.82. The stock had a trading volume of 6,684,813 shares, compared to its average volume of 10,773,736. The Coca-Cola has a fifty-two week low of $44.42 and a fifty-two week high of $60.13. The firm has a market cap of $257.63 billion, a PE ratio of 28.41, a PEG ratio of 3.70 and a beta of 0.41. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.76 and a quick ratio of 0.63. The company’s 50-day simple moving average is $57.58 and its 200-day simple moving average is $54.87.

The Coca-Cola (NYSE:KO) last released its earnings results on Thursday, January 30th. The company reported $0.44 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.44. The Coca-Cola had a net margin of 24.38% and a return on equity of 44.39%. The company had revenue of $9.10 billion during the quarter, compared to analysts’ expectations of $8.88 billion. During the same quarter last year, the business earned $0.43 EPS. The business’s revenue was up 28.2% on a year-over-year basis. On average, analysts expect that The Coca-Cola will post 2.25 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 16th will be paid a $0.41 dividend. This is a boost from The Coca-Cola’s previous quarterly dividend of $0.40. The ex-dividend date is Friday, March 13th. This represents a $1.64 annualized dividend and a dividend yield of 2.79%. The Coca-Cola’s dividend payout ratio (DPR) is 75.83%.

KO has been the subject of several recent analyst reports. Morgan Stanley raised their price objective on shares of The Coca-Cola from $61.00 to $65.00 and gave the company an overweight rating in a research note on Friday, January 31st. Credit Suisse Group upgraded shares of The Coca-Cola from a neutral rating to an outperform rating and raised their price objective for the company from $54.00 to $64.00 in a research note on Thursday, January 9th. Citigroup raised their price objective on shares of The Coca-Cola from $58.00 to $63.00 and gave the company a neutral rating in a research note on Friday, January 31st. SunTrust Banks reiterated an outperform rating and issued a $65.00 price objective on shares of The Coca-Cola in a research note on Friday, January 31st. They noted that the move was a valuation call. Finally, Evercore ISI reiterated a buy rating and issued a $60.00 price objective on shares of The Coca-Cola in a research note on Sunday, November 17th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $60.28.

In other news, COO Brian John Smith sold 25,000 shares of The Coca-Cola stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $56.00, for a total transaction of $1,400,000.00. Following the completion of the sale, the chief operating officer now directly owns 139,302 shares in the company, valued at $7,800,912. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Nancy Quan sold 12,546 shares of The Coca-Cola stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $60.00, for a total transaction of $752,760.00. Following the sale, the senior vice president now owns 177,595 shares of the company’s stock, valued at $10,655,700. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 190,643 shares of company stock valued at $10,640,599. Insiders own 1.33% of the company’s stock.

About The Coca-Cola

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plant-based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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Earnings History and Estimates for The Coca-Cola (NYSE:KO)

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