The Coca-Cola Co (KO) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $0.60 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.58. The company posted revenue of $11539.00 million in the period, compared to analysts expectations of $11629.87 million. The company’s revenue was down -5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.
The Coca-Cola Co opened for trading at $43.27 and hit $43.69 on the upside on Thursday, eventually ending the session at $43.65, with a gain of 0.58% or 0.25 points. The heightened volatility saw the trading volume jump to 1,30,65,994 shares. Company has a market cap of $188,839 M.
Investors should note that on Jul 21, 2016, The Coca-Cola Co announced a cash dividend of $0.3500. The company’s management has announced Sep 13, 2016 as the ex-dividend date and fixed the record date on Sep 15, 2016. The payable date has been fixed on Oct 3, 2016.
In a different news, on Jun 22, 2016, J Alexander Jr Douglas (Executive Vice President) sold 572,748 shares at $45.25 per share price. According to the SEC, on Apr 26, 2016, Larry M Mark (Vice President, Controller) sold 28,000 shares at $44.52 per share price. On Apr 7, 2016, Brent Hastie (Senior Vice President) sold 18,670 shares at $46.60 per share price, according to the Form-4 filing with the securities and exchange commission.
The Coca-Cola Company is a beverage company. The Company owns or licenses and markets more than 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. It owns and markets a range of nonalcoholic sparkling beverage brands such as Coca-Cola Diet Coke Fanta and Sprite. The Company makes its beverage products available to consumers throughout the world through its network of Company-owned or controlled bottling and distribution operations as well as independent bottling partners distributors wholesalers and retailers. The Companys segments include Eurasia and Africa Europe Latin America North America Asia Pacific Bottling Investments and Corporate.