TIAA CREF Investment Management LLC now owns 23,348,604 shares of the company’s stock valued at $1,083,142,000 after buying an additional 2,475,256 shares during the last quarter.
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The company’s dividend provided a yield of 0.7 percent, which was lower than the five year average yield of 1.10 percent. The stock is now holding above its 50 day moving average of $-1.68 and below its 200 day moving average of $37.91. BlackRock Institutional Trust Company N.A. raised its stake in Coca-Cola by 0.8% in the first quarter. The average price target of all the analysts comes to $47.42. This leaves us with a quarter on quarter earnings per share growth of -3.90%. The company has the institutional ownership of 39.30% while the Beta factor was 1.03.
Based on thoughts of “0.82” analysts offering EPS predictions for the company’s current quarter earnings, the average EPS figure is determined at $17 with a high EPS estimate of $0.85 and a low EPS estimate of $0.78. That compared with EPS of$0.44 that analysts covering the stock estimated for the quarter. For the week, the stock recorded 0.68% over the previous weeks close. The ex-dividend date of this dividend was Monday, June 13th. Its up 6.69% from 26.31M shares, reported previously.
Coca-Cola Company (The) (NYSE:KO): The stock opened at $45.73 on Thursday but the bulls could not build on the opening and the stock topped out at $45.94 for the day. The rating by the firm was issued on June 29, 2016.
In other news, insider Brian John Smith sold 50,000 shares of the stock in a transaction on Thursday, May 19th. Consolidated News & Ratings Via Email – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Coca-Cola Bottling Co. The company’s stock had a trading volume of 2,517,585 shares. The shares were sold at an average price of $44.32, for a total transaction of $2,216,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
During the last trading session, the stock’s price changed -21.97% below its 200 day moving average of $46.91 and moving -3.45% downbeat it’s SMA 50 of $37.91. The disclosure for this sale can be found here.
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The Coca-Cola Co (KO) manufactures and distributes various nonalcoholic beverages worldwide. The Firm owns or licenses and markets over 500 nonalcoholic beverage brands, primarily sparkling beverages but also a range of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks.
