Business

Coca-Cola (KO) Dividends Are Safe, Shares Look Expensive

Coca-Cola (KO) Dividends Are Safe, Shares Look Expensive”

Reyes Holdings operations include Reyes Beverage Group, the largest beer distributor in the United States representing import, craft and domestic beer brands; The Martin-Brower Company, L.L.C., a global quick-service restaurant distribution business and the largest supplier worldwide of distribution services to the McDonald's restaurant system; Reinhart Foodservice, L.L.C., one of the largest broadline foodservice distributors in the United States; and Great Lakes Coca-Cola Distribution, L.L.C., a dedicated Coca-Cola bottler, manufacturer and distributor based in the Midwest. The stock has been upbeat for quite some time as is up 3.95% for the last 20 trading days, and now the firm's performance is turning out to be bullish with a 1.03% gain for the week. CWM LLC increased its stake in The Coca-Cola by 28.0% in the third quarter. LLC now owns 139,984 shares of the company's stock valued at $5,924,000 after buying an additional 1,528 shares in the last quarter. Finally, Iowa State Bank boosted its position in shares of The Coca-Cola by 0.6% in the third quarter. Over the last three months, the shares of the company have changed 8.37% and performed 4.91% over the last six months.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU)'s shares on Tuesday traded in the range of 10.88 - 11.28 and ended up on $10.93. The Value Composite One (VC1) is a method that investors use to determine a company's value.

The share of The Coca-Cola Company (KO) now has a value of $43.85 while the company's 52 week low is at $39.53, the shares dropped to the 52 week low on 12/01/16. Traders acquired 24,058 call options on the stock. The stock's 50 day moving average price is $43.11 and its 200 day moving average price is $41.97.

The Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Tuesday, April 25th. The company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.02.

Coca-Cola has returned nearly $6 billion in dividends to shareholders last year, leading it to return $35 billion to investors through dividends in the last six years.

The Coca-Cola Company shares decreased -0.23 percent over the past week and rose 1.51 percent over the previous month. The firm had revenue of $2.50 billion for the quarter, compared to analysts' expectations of $2.27 billion.

The target price for The Coca-Cola Company (KO) is $45.53/share according to the consensus of analysts working on the stock, with an expected EPS of $0.58/share for the current quarter.

The Company dividend yield observed at 2.96%. Stockholders of record on Thursday, June 15th will be given a $0.37 dividend.

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A number of other brokerages also recently issued reports on CCH. TheStreet raised The Coca-Cola from a "c+" rating to a "b" rating in a report on Thursday, April 27th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the stock. Finally, Vetr raised The Coca-Cola from a "hold" rating to a "buy" rating and set a $44.81 price target for the company in a report on Monday, April 24th. Jefferies Group LLC reduced their target price on shares of The Coca-Cola to $42.00 and set a hold rating for the company in a research note on Friday, February 10th. The Coca-Cola presently has a consensus rating of "Hold" and a consensus price target of $44.54.

In related news, insider J Alexander Douglas, Jr. sold 22,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 3rd. The transaction was disclosed in a document filed with the SEC, which is available through this link.

KOF's decision not to enter the American market "will have a positive impact on the share price, since it shows management is willing to make hard decisions if they don't add value for shareholders", Santander said. Shares for $3.81M were sold by SMITH BRIAN JOHN on Wednesday, May 10.



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