The Coca-Cola (NYSE:KO) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.06-2.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.07. The Coca-Cola also updated its FY 2018 guidance to $2.06-2.10 EPS.
NYSE KO opened at $46.46 on Tuesday. The firm has a market cap of $195.89 billion, a price-to-earnings ratio of 24.32, a P/E/G ratio of 2.89 and a beta of 0.74. The company has a current ratio of 1.15, a quick ratio of 1.06 and a debt-to-equity ratio of 1.39. The Coca-Cola has a fifty-two week low of $41.45 and a fifty-two week high of $48.62.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date is Thursday, November 29th. The Coca-Cola’s dividend payout ratio (DPR) is currently 81.68%.
In other The Coca-Cola news, SVP James L. Dinkins sold 8,754 shares of the company’s stock in a transaction dated Wednesday, October 24th. The stock was sold at an average price of $46.95, for a total transaction of $411,000.30. Following the sale, the senior vice president now owns 28,354 shares in the company, valued at approximately $1,331,220.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider John Murphy sold 111,468 shares of the company’s stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $46.46, for a total value of $5,178,803.28. Following the sale, the insider now owns 196,337 shares in the company, valued at approximately $9,121,817.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 168,576 shares of company stock worth $7,835,847. 1.48% of the stock is owned by company insiders.
About The Coca-Cola
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plant?based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
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