Coca-Cola Company (The) (KO) Getting Somewhat Positive Media Coverage, Analysis Shows
Media headlines about Coca-Cola Company (The) (NYSE:KO) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Coca-Cola Company (The) earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.6655923786217 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
- Coca-Cola Company (The) (KO) Insider Jennifer K. Mann Sells 8,819 Shares (americanbankingnews.com)
- 98 hedge funds buy The Coca-Cola Company (KO) for the first time (techkenyot.com)
- Coca Cola Co (NYSE:KO) Institutional Investors Sentiment (eslforkids.net)
- Is Your Portfolio 1961 Château Latour? (finance.yahoo.com)
- Monster Beverage Falls Flat Despite Record Sales (finance.yahoo.com)
A number of research firms recently commented on KO. BidaskClub lowered Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. Stifel Nicolaus reaffirmed a “hold” rating and set a $41.00 price objective on shares of Coca-Cola Company (The) in a research note on Monday, April 24th. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and set a $41.00 price objective on shares of Coca-Cola Company (The) in a research note on Wednesday, April 26th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $43.00 price objective on shares of Coca-Cola Company (The) in a research note on Friday, April 28th. Finally, Zacks Investment Research raised Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research note on Tuesday, June 27th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $45.70.
Coca-Cola Company (KO) traded down 0.02% during trading on Wednesday, hitting $45.59. The stock had a trading volume of 9,635,260 shares. The firm has a market cap of $194.46 billion, a price-to-earnings ratio of 48.14 and a beta of 0.69. The firm’s 50 day moving average is $45.10 and its 200 day moving average is $43.42. Coca-Cola Company has a 1-year low of $39.88 and a 1-year high of $46.43.
Coca-Cola Company (The) (NYSE:KO) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.02. Coca-Cola Company (The) had a return on equity of 34.53% and a net margin of 10.68%. The firm had revenue of $9.70 billion for the quarter, compared to analyst estimates of $9.62 billion. During the same period in the previous year, the company posted $0.60 earnings per share. The company’s quarterly revenue was down 15.9% compared to the same quarter last year. On average, analysts anticipate that Coca-Cola Company will post $1.90 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.48 annualized dividend and a yield of 3.25%. Coca-Cola Company (The)’s dividend payout ratio is 154.17%.
In other news, insider Beatriz R. Perez sold 29,282 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $45.20, for a total value of $1,323,546.40. Following the sale, the insider now directly owns 118,000 shares in the company, valued at approximately $5,333,600. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Irial Finan sold 354,146 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $45.00, for a total value of $15,936,570.00. Following the completion of the sale, the insider now owns 780,258 shares in the company, valued at $35,111,610. The disclosure for this sale can be found here. Insiders have sold 614,841 shares of company stock worth $27,900,186 over the last 90 days. Corporate insiders own 1.51% of the company’s stock.
TRADEMARK VIOLATION WARNING: This article was originally published by Daily Political and is the sole property of of Daily Political. If you are reading this article on another website, it was stolen and republished in violation of United States & international copyright law. The legal version of this article can be read at https://www.dailypolitical.com/2017/08/09/coca-cola-company-the-ko-getting-somewhat-positive-media-coverage-analysis-shows.html.
Coca-Cola Company (The) 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.
Receive News & Ratings for Coca-Cola Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.