Coca-Cola Company (The) (KO) Given Daily News Sentiment Rating of 0.18
Media stories about Coca-Cola Company (The) (NYSE:KO) have trended somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Coca-Cola Company (The) earned a news impact score of 0.18 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.4519050346688 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- The Coca-Cola Company (NYSE:KO) (gamesworlditalia.com)
- The Coca-Cola Company (KO) 1.67% away from 20 SMA (techkenyot.com)
- Coca-Cola Company (The) (KO) Stake Boosted by Flagship Harbor Advisors LLC (wobko.net)
- The Coca-Cola Company (KO) added to 104 new portfolios (noomag.com)
- Coca-Cola Company (The) (NYSE:KO) Shares Bought by Alpha Cubed Investments LLC (famososartistas.com)
Shares of Coca-Cola Company (KO) traded up 0.32% during midday trading on Wednesday, hitting $46.87. 10,198,161 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $45.78 and its 200 day moving average price is $44.28. The firm has a market cap of $199.91 billion, a PE ratio of 49.49 and a beta of 0.71. Coca-Cola Company has a one year low of $39.88 and a one year high of $46.98.
Coca-Cola Company (The) (NYSE:KO) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The business had revenue of $9.70 billion for the quarter, compared to analyst estimates of $9.62 billion. Coca-Cola Company (The) had a net margin of 10.68% and a return on equity of 34.53%. The company’s revenue was down 15.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.60 EPS. Equities research analysts forecast that Coca-Cola Company will post $1.90 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be issued 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 dividend yield of 3.16%. Coca-Cola Company (The)’s payout ratio is currently 154.17%.
Several research firms have recently weighed in on KO. BidaskClub downgraded shares of Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. Zacks Investment Research raised shares of Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Tuesday, June 27th. Stifel Nicolaus reissued a “hold” rating and issued a $45.00 price target on shares of Coca-Cola Company (The) in a research note on Friday, July 14th. Cowen and Company reissued a “hold” rating and issued a $42.00 price target on shares of Coca-Cola Company (The) in a research note on Thursday, August 24th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $46.00 price target (up from $44.00) on shares of Coca-Cola Company (The) in a research note on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Coca-Cola Company (The) currently has an average rating of “Hold” and a consensus price target of $45.79.
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In other news, insider Francisco Crespo sold 7,700 shares of the stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $46.01, for a total transaction of $354,277.00. Following the transaction, the insider now directly owns 29,943 shares in the company, valued at approximately $1,377,677.43. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Mark Randazza sold 24,156 shares of the stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $46.01, for a total transaction of $1,111,417.56. Following the transaction, the insider now owns 26,567 shares in the company, valued at $1,222,347.67. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 366,835 shares of company stock worth $16,874,246. Insiders own 1.51% of the company’s stock.
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.
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