The average analysts gave this company a mean recommendation of 2.00. Kayne Anderson Rudnick Investment Management LLC's holdings in Coca-Cola were worth $477,000 as of its most recent SEC filing.
Coca-Cola (NYSE:KO) last announced its earnings results on Wednesday, October 26th.
However, the company's net income attributable to shareholders fell to $1.05 billion, or 24 cents per share, from $1.45 billion, or 33 cents per share, a year earlier.
Kirin is looking at cross-holding shares in a new entity formed by the merger of Coca-Cola West and Coca-Cola East Japan, while Coca-Cola ko through its Japan unit will hold a stake in Kirin's beverage unit, the paper said. The company's revenue was down -6.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.51 EPS.
At present, Coca-Cola European Partners Plc has a dividend yield of 2.82% * with a payout ratio of 46.10% *. Holderness Investments Co. raised its position in shares of Coca-Cola by 3.7% in the second quarter.
The company, which gets about 70 per cent of its volume sales from fizzy drinks, is also rolling out Coca-Cola Zero with a "new and improved taste", he said.
Coca-Cola shares were up 0.7% in morning trades.
Large investors have recently bought and sold shares of the stock. The Stock has a 52-Week High of $47.13 and 52-Week Low of $40.75 following the dates, it touched its 52-Week High on April 11, 2016 and 52-Week Low on Jan 20, 2016. Moreover, Sterneck Cap has 0.45% invested in The Coca-Cola Co (NYSE:KO) for 14,820 shares.
The stock changed -4.65% across its SMA 200 of $44.19 with negative trend and moved downside -0.38% it's SMA 50 of $42.29.
The complete 2016 Q3 Coca-Cola earnings release can be viewed here.
Analysts were expecting that Coca-Cola's adjusted earnings would reach 48 cents a share and that revenue would be $10.51 billion. Coca-Cola Enterprises had a return on equity of 28.73% and a net margin of 7.56%. Wall Street expected revenues of $10.54 billion for the quarter.Organic revenues grew 3%, evenly split between volume and price/mix growth.
In business operations, the Coca-Cola group and Kirin Beverage will work together on product deliveries to retailers and the procurement of soft drink ingredients and container materials, the sources said. The business's revenue for the quarter was down 5.1% compared to the same quarter a year ago.
Recently stock market analysts have updated their consensus ratings on shares of Coca Cola Femsa S.A.B.de C.V. (NYSE:KOF). This dividend's record date is Oct 31, 2016 and the announcement date is Oct 21, 2016. This appreciation has taken its current market value to18.33B and a price-to-earnings ratio to 15.60.