he Coca-Cola Company
) reached a 52-week high of $41.13 on Tuesday, Apr 9, 2013 ahead
of its first quarter 2013 results on Apr 16. The closing price of
the cola giant on Apr 9 was $40.71, representing a solid 1-year
return of about 16.2% and year-to-date return of about 9.1%.
Average volume of shares traded over the last three months stands
at approximately 14227K.
Coca-Cola is due to report its first-quarter 2013 earnings
results before the market opens on Apr 16. 2013 is expected to be
a better year for the cola giant. Profits are expected to be
driven by improving revenue trends in North America, volume
growth of non-carbonated beverages, lower headwinds from currency
and commodity costs and cost savings and productivity
improvements. The Zacks Consensus Estimate for the quarter stands
at 45 cents.
Annual Dividend Increase
The stock also gained momentum from the 10% dividend increase
announced at the end of February this year. With this, the
company has increased its dividend for 51 consecutive years.
The quarterly dividend was increased from 25.5 cents to 28
cents per common share, equivalent to an annual dividend of $1.12
per share, up from $1.02 per share in 2012. The new dividend will
yield 3.0% annually. The first quarterly payout was made on Apr
1, 2013, to shareowners of record as of Mar 15, 2013.
Coca Cola boasts a solid cash position, which is being used to
return value to shareholders through higher dividends and regular
buybacks. In 2012, the company paid $4.6 billion in dividends and
$4.5 billion in share repurchases, thus returning $9.1 billion to
Last month, archrival,
) reached a 52-week high on Mar 22 amid rumors of its possible
merger with food giant,
Mondelez International, Inc.
Coca-Cola carries a Zacks Rank #3 (Hold).
COCA COLA CO (KO): Free Stock Analysis Report
MONDELEZ INTL (MDLZ): Free Stock Analysis
PEPSICO INC (PEP): Free Stock Analysis Report
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