Now the shares of The Coca-Cola Company (KO) has a trading volume of 8.86 Million shares, with an average trading volume of 11230 shares - with shares dropping to a 52 week low of $39.53, and the company's shares hitting a 52 week high of $ 45.60. The number of shares now owned by investors are 4.3 bln. Iberiabank Corp's holdings in The Coca-Cola were worth $621,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Gyroscope Capital Management Group LLC increased its stake in The Coca-Cola by 28.7% in the fourth quarter. TheStreet downgraded Coca-Cola Company (The) from a "buy" rating to a "hold" rating in a research report on Wednesday, October 26th. State Street Corp boosted its position in The Coca-Cola by 2.4% in the fourth quarter. Russell Investments Group Ltd. bought a new position in shares of The Coca-Cola during the fourth quarter worth $188,207,000. Federated Investors Inc. PA increased its position in shares of The Coca-Cola by 40.5% in the fourth quarter. Asset Management One Co. DIAM Co. Ltd. increased its stake in shares of The Coca-Cola by 22.5% in the third quarter. State Street Corp now owns 171,779,844 shares of the company's stock worth $7,121,998,000 after buying an additional 4,023,734 shares during the last quarter. Finally, Aviva PLC boosted its position in The Coca-Cola by 3.9% in the fourth quarter. The short ratio in the company's stock is documented at 2.77 and the short float is around of 0.95%. The 50 day moving average of NYSE:KO is 42.21 and the 200 day moving average is 41.73. The Coca-Cola has a 12 month low of $39.88 and a 12 month high of $46.62. The Coca-Cola also saw some unusual options trading activity on Monday. The return on invested capital at 10.2%, which is good, compared to its peers. This represents an increase of 150% compared to the average daily volume of 4,110 put options.
Now, the FactSet Research estimate calls for Q1 2017 earnings of US$0.43.
The company's expected revenue in the current quarter to be 8.89 Billion, seeing a projected current quarter growth of -2.2%, and per annum growth estimates over the next 5 year period of around 3.01%.
In the profitability analysis, net profit margin of the firm was recorded at 15.60% and operating profit margin was calculated at 20.60% while gross profit margin was measured as 60.70%. The Coca-Cola's revenue for the quarter was down 5.9% compared to the same quarter past year. During the same period in the previous year, the firm posted $0.38 earnings per share.
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The company also recently announced a quarterly dividend, which was paid on Monday, April 3rd. This is a boost from The Coca-Cola's previous quarterly dividend of $0.35. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date was Monday, March 13th. The Coca-Cola's dividend payout ratio (DPR) is now 93.33%.
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Several equities research analysts have weighed in on KO shares.
According to a report issued to investors by Sanford C. Bernstein on Tuesday, shares of The Coca-Cola Company (NYSE:KO) had their rating maintained by analysts to "Buy".
Shares of The Coca-Cola Co (NYSE:KO) opened at 42.66 on Wednesday. Morgan Stanley cut The Coca-Cola from an "overweight" rating to an "equal weight" rating in a research note on Friday, December 16th. The company has PEG ratio of 9.55 and price to cash ratio of 8.31. Zacks Investment Research downgraded The Coca-Cola from a "hold" rating to a "sell" rating in a research note on Tuesday, December 27th. Stifel Nicolaus reaffirmed a "neutral" rating on shares of Coca-Cola Company (The) in a research report on Friday, September 30th. The analyst recommendations from a month ago are 0 Buy, 2 Strong Buy, 0 Sell, 0 Hold and 9.
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