Coca-Cola Company (The) (KO) Downgraded by Zacks Investment Research

Marco Green
August 9, 2017

Its investment was worth $133,114,000 an increase of $2,743,000 as of quarter end. In the last ninety days, insiders have sold 606,022 shares of company stock worth $27,497,952. The Coca-Cola Co (NYSE:KO) has declined 0.95% since August 9, 2016 and is downtrending. SRS Capital Advisors Inc. bought a new position in Coca-Cola Company (The) during the fourth quarter valued at $127,000. Portfolio Solutions LLC acquired a new position in shares of Coca-Cola Company (The) during the first quarter worth about $108,000.

As of quarter end Mark Sheptoff Financial Planning, LLC had disposed of 23,125 shares trimming its holdings by 38.4%. State Street Corp raised its position in shares of Coca-Cola Company (The) by 1.2% in the first quarter. The Douglass Winthrop Advisors Llc holds 168,734 shares with $7.00M value, up from 146,804 last quarter. The Connecticut-based Thomson Horstmann & Bryant Inc has invested 1.2% in the stock.

Coca-Cola European Partners PLC (NYSE:CCE) traded down 1.08% during mid-day trading on Wednesday, hitting $43.19.

According to Financial Times, The 14 analysts offering 12 month price targets for NextEra Energy Inc have a median target of 150.50, with a high estimate of 164.00 and a low estimate of 140.00.

Another critical number in evaluating a stock is P/E or Price to Earnings ratio. The stock's 50 day moving average price is $45.10 and its 200-day moving average price is $43.42.

Coca-Cola European Partners PLC (NYSE:CCE) is set to post its quarterly earnings results before the market opens on Thursday, August 10th. Next quarter's EPS is forecasted to be $0.39 with next year's EPS projected to be $1.99.

The High Revenue estimate is predicted as 9.17 Million, while the Low Revenue Estimate prediction stands at 8.25 Million. Coca-Cola Company (The) had a net margin of 10.68% and a return on equity of 34.53%. During the same period previous year, the company earned $0.60 earnings per share. Equities analysts predict that Coca-Cola Company will post $1.90 earnings per share for the current year.

The company also announced a dividend for shareholders that will be paid on Monday October 2nd, 2017. Stockholders of record on Friday, September 15th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date is Thursday, September 14th. Coca-Cola Company (The)'s dividend payout ratio (DPR) is 154.17%.

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COPYRIGHT VIOLATION NOTICE: "Coca-Cola Company (The) (KO) Downgraded by Zacks Investment Research" was originally reported by Markets Daily and is owned by of Markets Daily. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of United States & global copyright & trademark legislation. The legal version of this piece of content can be read at https://weekherald.com/2017/08/09/sit-investment-associates-inc-has-2294000-stake-in-coca-cola-european-partners-plc-cce-updated-updated.html. Two research experts recommended the company shares with a sell recommendation, fifteen have issued a hold recommendation and around seven has issued a buy recommendation to the firms shares. TheStreet upgraded shares of Coca-Cola Company (The) from a "c+" rating to a "b" rating in a research report on Thursday, April 27th. BidaskClub downgraded Coca-Cola European Partners PLC from a "buy" rating to a "hold" rating in a research note on Tuesday, June 20th. Stifel Nicolaus upgraded Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) on Thursday, April 14 to "Buy" rating. Finally, UBS AG reissued a "buy" rating and set a $44.00 price target (up from $42.00) on shares of Coca-Cola European Partners PLC in a research note on Friday, May 5th. The stock now has an average rating of "Hold" and an average price target of $45.70.

In other news, insider J Alexander Douglas, Jr. sold 180,738 shares of the company's stock in a transaction dated Tuesday, August 1st. $8.32 million worth of The Coca-Cola Co (NYSE:KO) shares were sold by TUGGLE CLYDE C. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

In other Coca-Cola Company (The) news, insider Irial Finan sold 354,146 shares of the company's stock in a transaction on Wednesday, May 24th. Eaton Vance Management sold 29,388 shares as Alleghany Corp Del Com (Y)'s stock declined 10.28%. Following the transaction, the insider now owns 780,258 shares in the company, valued at $35,111,610.

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