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Juices, low-sugar sodas help Coca-Cola profit beat estimates

27 July 2017
Juices, low-sugar sodas help Coca-Cola profit beat estimates

Shares dipped 0.31%, or 14 United States cents, to US$45.10 per share in U.S. pre-market trading.

Since February 10, 2017, it had 0 insider purchases, and 7 selling transactions for $32.72 million activity. Portfolio Solutions LLC bought a new stake in Coca-Cola Company (The) during the first quarter worth $108,000. Feltz Wealth PLAN Inc. acquired a new position in Coca-Cola Company (The) during the first quarter worth approximately $150,000. Berkshire Asset Management LLC PA boosted its stake in Coca-Cola Company (The) by 1.4% in the second quarter. The Taurus Asset Management Llc holds 47,300 shares with $1.96 million value, down from 198,747 last quarter.

Several other hedge funds have also added to or reduced their stakes in COKE. The third largest holder is Blackrock Inc., which now holds $10.8 billion worth of this stock and that ownership represents almost 5.62% of its market capitalization. The company has a 50 day moving average of $45.02 and a 200-day moving average of $43.17.

The Coca-Cola Co has PE ratio of 31.84 with a one year low of $39.88 and a one year high of $46.06 and has a market capitalization of $0.

At the end of Mar reporting period, 692 institutional holders increased their position in The Coca-Cola Company (NYSE:KO) by some 88,993,331 shares, 888 decreased positions by 115,564,795 and 249 held positions by 2,562,864,023.

Analysts expect TriNet Group Inc (NYSE:TNET) to report $0.21 EPS on August, 7.They anticipate $0.00 EPS change or 0.00% from last quarter's $0.21 EPS.

Talking about profitability of the company, the profit margin percentage is 15.3% while its operating margin for the trailing twelve month is at 23.53%. It's the first sign of quarter-on-quarter revenue growth since the company's sales dipped below $10 billion in the fourth quarter of a year ago, and the results beat on analysts' pre-release predictions. However, with flat volumes persisting for the past 2 quarters, work clearly still remains to drive more balanced revenue growth going forward. On average, equities research analysts predict that Coca-Cola Company will post $1.89 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. The ex-dividend date of this dividend is Wednesday, July 26th. Jensen Inv Inc stated it has 3.08 million shares or 1.87% of all its holdings. Coca-Cola Bottling Co. Consolidated's dividend payout ratio is now 16.95%.

Coca-Cola's net revenues for the quarter fell 16 percent to $9.7 billion, impacted by the company's ongoing efforts to refranchise its bottling territories.

A number of brokerages recently commented on KO. Zacks Investment Research downgraded Coca-Cola Company (The) from a "buy" rating to a "hold" rating in a research note on Thursday, July 20th.

Among 18 analysts covering Coca-Cola (NYSE:KO), 7 have Buy rating, 1 Sell and 10 Hold. Credit Suisse maintained The Coca-Cola Co (NYSE:KO) on Friday, April 28 with "Buy" rating. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the company's stock.

In related news, insider J Alexander Douglas, Jr. sold 22,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 3rd. If the share price is now hovering near the 52 week low and the value is achieved in the current past then it can suggest that the price of the shares is likely to go up. Insiders sold 493,228 shares of company stock valued at $22,024,770 in the last ninety days.