The Coca-Cola Co (NYSE:KO) declared a quarterly dividend on Thursday, October 17th, Zacks reports. Shareholders of record on Monday, December 2nd will be given a dividend of 0.40 per share on Monday, December 16th. This represents a $1.60 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Friday, November 29th.
KO stock opened at $53.90 on Wednesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a quick ratio of 0.79. The Coca-Cola has a 52-week low of $44.42 and a 52-week high of $55.92. The company has a 50-day moving average of $53.38 and a two-hundred day moving average of $52.62. The stock has a market capitalization of $227.21 billion, a price-to-earnings ratio of 25.91, a price-to-earnings-growth ratio of 3.69 and a beta of 0.46.
The Coca-Cola (NYSE:KO) last released its quarterly earnings results on Friday, October 18th. The company reported $0.56 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.56. The Coca-Cola had a net margin of 22.41% and a return on equity of 45.21%. The company had revenue of $9.51 billion during the quarter, compared to analysts’ expectations of $9.42 billion. During the same period in the prior year, the company earned $0.57 earnings per share. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. Equities analysts expect that The Coca-Cola will post 2.1 EPS for the current fiscal year.
A number of research firms have issued reports on KO. Evercore ISI restated a “buy” rating and set a $60.00 price target on shares of The Coca-Cola in a report on Sunday, November 17th. BMO Capital Markets upped their price target on shares of The Coca-Cola from $52.00 to $55.00 and gave the company a “market perform” rating in a report on Monday, October 21st. Morgan Stanley restated a “buy” rating and set a $60.00 price target on shares of The Coca-Cola in a report on Tuesday, October 29th. ValuEngine cut shares of The Coca-Cola from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Wells Fargo & Co set a $60.00 price target on shares of The Coca-Cola and gave the company a “buy” rating in a report on Monday, October 21st. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The Coca-Cola has a consensus rating of “Buy” and a consensus target price of $56.15.
About The Coca-Cola
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; 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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