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Published: Wed, October 26, 2016
Economy | By Melissa Porter

Past 3 Quarter Analysis forThe Coca-Cola Company (NYSE:KO)


The companies are looking at cross-holding shares in the new entity to be formed by the merger of Coca-Cola West and Coca-Cola East Japan and in a unit of Kirin Holdings, Kirin Beverage, the Japanese daily reported. The Hedge Fund company now holds 14,830 shares of KO which is valued at $623,602. Eaton Vance Management owned about 0.09% of Coca-Cola worth $185,586,000 as of its most recent filing with the SEC.

Hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC boosted its stake in shares of Coca-Cola Enterprises by 17.3% in the first quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Coca-Cola FEMSA SAB by 7.0% in the first quarter. The investment management firm now holds a total of 54,268 shares of The Coca-Cola Co which is valued at $2,275,457.The Coca-Cola Co makes up approximately 3.54% of Independence Trust Co's portfolio.

In the second quarter, Coca-Cola's strong performance in markets including the US, Mexico and Japan "was offset by hard external conditions in many of our emerging and developing markets, including China and Argentina", Muhtar Kent, chairman and chief executive officer, said on July 27. The Short Ratio for the stock is 2.34.

Coca-Cola Enterprises (NYSE:CCE) opened at 38.00 on Thursday. The firm's market capitalization is GBX 6.69 billion. The stock stands -0.04% below the average-price of 50 days and 1.52% compared with the SMA 20.

The Coca-Cola Co (NYSE:KO) gained 0.48% and closed in the last trading session at $42.13. The company reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.02. Thus, any impact on the sales of the bottler is going to have a magnified impact on overall sales for Coca-Cola and much less effect on the company's profits. A year ago revenue of $11.42 billion indicates that revenue is expected to decline 7.96% this time if the company meets the Street's top line estimate. 0 analysts have suggested "Sell" for the company. The Earnings per Share of the stock is $1.51. Equities analysts forecast that Coca-Cola Co. will post $1.91 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. It has a dividend yield of 3.29%. Coca-Cola Enterprises's payout ratio is presently 34.70%.

The stock has received rating from many Reuters analysts. Earnings are important because they can give insight into the profitability of a company. The company stock was initiated at Neutral, wrote analysts at Credit Suisse, in a research note issued to clients on Friday September 16, 2016.

On 04/20/2016, the stock reported the EPS of $0.45 where Analysts were projecting the EPS to be $0.44 showing a difference of $0.01. Stifel Nicolaus lowered shares of Coca-Cola from a "buy" rating to a "hold" rating and decreased their price target for the company from $50.00 to $45.00 in a research note on Thursday, September 29th.

The Coca-Cola Company (NYSE:KO) is due to report its Earnings on Wednesday 26 Oct (In 2 Days). Four research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company.

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