Q2 2022 EPS Estimates for The Coca-Cola Company (NYSE:KO) Raised by Analyst

The Coca-Cola Company (NYSE:KOGet Rating) – Research analysts at Jefferies Financial Group boosted their Q2 2022 earnings per share estimates for shares of Coca-Cola in a report released on Monday, April 25th. Jefferies Financial Group analyst K. Grundy now anticipates that the company will post earnings of $0.67 per share for the quarter, up from their previous forecast of $0.66. Jefferies Financial Group also issued estimates for Coca-Cola’s Q3 2022 earnings at $0.67 EPS, Q4 2022 earnings at $0.49 EPS and FY2022 earnings at $2.46 EPS.

Coca-Cola (NYSE:KOGet Rating) last announced its quarterly earnings results on Monday, April 25th. The company reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.06. The company had revenue of $10.50 billion during the quarter, compared to analysts’ expectations of $9.83 billion. Coca-Cola had a return on equity of 42.21% and a net margin of 25.28%. The firm’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.55 earnings per share.

Several other brokerages have also recently weighed in on KO. Truist Financial lifted their price target on Coca-Cola from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday. Wells Fargo & Company upped their price objective on Coca-Cola from $67.00 to $69.00 and gave the stock an “overweight” rating in a report on Friday, February 11th. The Goldman Sachs Group set a $58.00 price objective on Coca-Cola in a report on Thursday, February 10th. Cowen upped their price objective on Coca-Cola from $65.00 to $68.00 and gave the stock a “market perform” rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Coca-Cola from $62.00 to $64.00 and gave the stock a “hold” rating in a report on Tuesday. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $67.20.

Shares of NYSE KO opened at $65.05 on Wednesday. The stock has a market cap of $281.99 billion, a PE ratio of 28.78, a price-to-earnings-growth ratio of 3.21 and a beta of 0.65. Coca-Cola has a fifty-two week low of $52.28 and a fifty-two week high of $67.20. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.96 and a current ratio of 1.13. The stock has a fifty day moving average of $62.21 and a 200-day moving average of $59.23.

The company also recently announced a quarterly dividend, which was paid on Friday, April 1st. Stockholders of record on Tuesday, March 15th were given a $0.44 dividend. The ex-dividend date of this dividend was Monday, March 14th. This represents a $1.76 annualized dividend and a dividend yield of 2.71%. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.42. Coca-Cola’s dividend payout ratio is currently 77.88%.

In related news, insider Alfredo Rivera sold 17,709 shares of the company’s stock in a transaction that occurred on Friday, February 25th. The stock was sold at an average price of $62.60, for a total value of $1,108,583.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Monica Howard Douglas sold 14,122 shares of the company’s stock in a transaction that occurred on Wednesday, March 16th. The stock was sold at an average price of $58.85, for a total value of $831,079.70. The disclosure for this sale can be found here. Insiders sold a total of 512,819 shares of company stock valued at $32,431,674 in the last three months. Corporate insiders own 0.98% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Fortis Advisors LLC purchased a new stake in Coca-Cola during the 3rd quarter valued at $25,000. Curi Wealth Management LLC bought a new stake in Coca-Cola during the fourth quarter valued at about $25,000. Shore Point Advisors LLC bought a new stake in Coca-Cola during the fourth quarter valued at about $28,000. Delos Wealth Advisors LLC raised its holdings in Coca-Cola by 4,770.0% during the fourth quarter. Delos Wealth Advisors LLC now owns 487 shares of the company’s stock valued at $29,000 after acquiring an additional 477 shares during the period. Finally, Core Alternative Capital bought a new stake in Coca-Cola during the third quarter valued at about $32,000. Institutional investors own 67.82% of the company’s stock.

About Coca-Cola (Get Rating)

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; flavored and enhanced water, and sports drinks; juice, dairy, and plant-based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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Earnings History and Estimates for Coca-Cola (NYSE:KO)

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