The Coca-Cola Co (KO) Expected to Earn FY2021 Earnings of $2.35 Per Share

The Coca-Cola Co (NYSE:KO) – Analysts at Gabelli decreased their FY2021 earnings per share (EPS) estimates for shares of The Coca-Cola in a research report issued on Friday, February 15th. Gabelli analyst D. Witkowski now anticipates that the company will post earnings per share of $2.35 for the year, down from their prior estimate of $2.55. Gabelli also issued estimates for The Coca-Cola’s FY2023 earnings at $2.75 EPS.

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KO has been the subject of several other reports. HSBC reissued a “buy” rating and issued a $64.00 target price on shares of The Coca-Cola in a research note on Wednesday, October 31st. Zacks Investment Research cut shares of The Coca-Cola from a “buy” rating to a “hold” rating in a research note on Thursday, January 10th. ValuEngine raised shares of The Coca-Cola from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Royal Bank of Canada reaffirmed a “buy” rating and set a $56.00 price objective on shares of The Coca-Cola in a research report on Wednesday, February 13th. Finally, Jefferies Financial Group reaffirmed a “neutral” rating and set a $49.00 price objective on shares of The Coca-Cola in a research report on Monday, December 10th. Fourteen research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $51.70.

NYSE:KO opened at $45.24 on Monday. The Coca-Cola has a 1-year low of $41.45 and a 1-year high of $50.84. 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 firm has a market capitalization of $192.99 billion, a P/E ratio of 23.69, a PEG ratio of 3.04 and a beta of 0.53.

The Coca-Cola (NYSE:KO) last released its earnings results on Thursday, February 14th. The company reported $0.43 earnings per share for the quarter, meeting the consensus estimate of $0.43. The Coca-Cola had a net margin of 8.70% and a return on equity of 43.12%. The business had revenue of $7.10 billion during the quarter, compared to analysts’ expectations of $7.07 billion. During the same period last year, the business earned $0.39 earnings per share. The firm’s revenue was down 5.5% on a year-over-year basis.

In other news, SVP Beatriz R. Perez sold 10,000 shares of the business’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $48.50, for a total value of $485,000.00. Following the completion of the sale, the senior vice president now owns 92,645 shares of the company’s stock, valued at $4,493,282.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Beatriz R. Perez sold 21,742 shares of the business’s stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $48.76, for a total transaction of $1,060,139.92. Following the completion of the sale, the insider now directly owns 92,645 shares of the company’s stock, valued at approximately $4,517,370.20. The disclosure for this sale can be found here. Insiders own 1.48% of the company’s stock.

Several institutional investors have recently made changes to their positions in KO. Vanguard Group Inc. raised its stake in The Coca-Cola by 1.4% in the third quarter. Vanguard Group Inc. now owns 289,055,893 shares of the company’s stock valued at $13,351,492,000 after purchasing an additional 3,918,108 shares in the last quarter. Vanguard Group Inc raised its stake in The Coca-Cola by 1.4% in the third quarter. Vanguard Group Inc now owns 289,055,893 shares of the company’s stock valued at $13,351,492,000 after purchasing an additional 3,918,108 shares in the last quarter. BlackRock Inc. raised its stake in The Coca-Cola by 2.9% in the fourth quarter. BlackRock Inc. now owns 253,865,694 shares of the company’s stock valued at $12,020,541,000 after purchasing an additional 7,272,015 shares in the last quarter. Capital International Investors raised its stake in The Coca-Cola by 81.9% in the third quarter. Capital International Investors now owns 63,196,570 shares of the company’s stock valued at $2,919,050,000 after purchasing an additional 28,445,747 shares in the last quarter. Finally, Northern Trust Corp raised its stake in The Coca-Cola by 3.6% in the fourth quarter. Northern Trust Corp now owns 50,578,097 shares of the company’s stock valued at $2,394,872,000 after purchasing an additional 1,771,500 shares in the last quarter. 65.93% of the stock is owned by institutional investors.

The Coca-Cola Company Profile

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 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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