The Coca-Cola (KO) Receiving Neutral Press Coverage, Analysis Shows
Media coverage about The Coca-Cola (NYSE:KO) has trended neutral on Monday, according to InfoTrie Sentiment. The research firm identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. The Coca-Cola earned a news impact score of 0.17 on their scale. InfoTrie also assigned media stories about the company an news buzz score of 2 out of 10, indicating that recent news coverage is very unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have impacted The Coca-Cola’s score:
- Why the Coca Cola truck symbolises everything that’s wrong with the modern Christmas (walesonline.co.uk)
- Costa’s £4bn Coke deal ‘threatens pensions’ (thetimes.co.uk)
- When is the Coca-Cola truck in Cardiff for Christmas 2018? (walesonline.co.uk)
- Coca-Cola to sell Upperhill headquarters in line with workplace agenda (the-star.co.ke)
- Why Coca-Cola may launch Coke-branded energy drinks (kxly.com)
Shares of KO stock opened at $50.17 on Monday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.06 and a quick ratio of 0.98. The company has a market capitalization of $214.02 billion, a P/E ratio of 26.27, a P/E/G ratio of 3.29 and a beta of 0.60. The Coca-Cola has a 1 year low of $41.45 and a 1 year high of $50.25.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.56 annualized dividend and a dividend yield of 3.11%. The Coca-Cola’s dividend payout ratio (DPR) is presently 81.68%.
A number of research firms recently issued reports on KO. Gabelli reissued a “hold” rating on shares of The Coca-Cola in a research report on Thursday, July 26th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $50.00 price target on shares of The Coca-Cola in a research report on Thursday, July 26th. Morningstar set a $49.00 price target on The Coca-Cola and gave the stock a “neutral” rating in a research report on Tuesday, November 6th. Macquarie set a $50.00 price target on The Coca-Cola and gave the stock a “neutral” rating in a research report on Thursday, November 8th. Finally, Citigroup set a $56.00 price target on The Coca-Cola and gave the stock a “buy” rating in a research report on Friday, November 9th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and twelve have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $51.43.
In related news, SVP James L. Dinkins sold 8,754 shares of the stock in a transaction on Wednesday, October 24th. The stock was sold at an average price of $46.95, for a total value of $411,000.30. Following the completion of the sale, the senior vice president now directly owns 28,354 shares in the company, valued at $1,331,220.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Beatriz R. Perez sold 10,000 shares of the stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $47.98, for a total value of $479,800.00. Following the completion of the sale, the senior vice president now owns 92,645 shares of the company’s stock, valued at $4,445,107.10. The disclosure for this sale can be found here. Insiders have sold 359,442 shares of company stock valued at $17,675,917 over the last quarter. Company insiders own 1.48% of the company’s stock.
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About The Coca-Cola
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plantbased 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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