This article was originally published on this site
The Coca-Cola Co (NYSE:KO) was the target of unusually large options trading on Monday. Stock traders purchased 15,532 call options on the stock. This is an increase of 104% compared to the average daily volume of 7,628 call options.
In related news, insider Irial Finan sold 354,146 shares of the company’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $45.00, for a total value of $15,936,570.00. Following the completion of the sale, the insider now directly owns 780,258 shares of the company’s stock, valued at approximately $35,111,610. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider J Alexander Douglas, Jr. sold 22,000 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $43.25, for a total value of $951,500.00. Following the completion of the sale, the insider now directly owns 319,436 shares of the company’s stock, valued at $13,815,607. The disclosure for this sale can be found here. Over the last three months, insiders sold 463,946 shares of company stock valued at $20,701,224. Insiders own 1.54% of the company’s stock.
Several institutional investors have recently bought and sold shares of KO. ETRADE Capital Management LLC boosted its stake in shares of The Coca-Cola by 75.3% in the third quarter. ETRADE Capital Management LLC now owns 48,491 shares of the company’s stock worth $2,052,000 after buying an additional 20,828 shares in the last quarter. Mcmillion Capital Management Inc. boosted its stake in shares of The Coca-Cola by 5.0% in the third quarter. Mcmillion Capital Management Inc. now owns 43,434 shares of the company’s stock worth $1,838,000 after buying an additional 2,087 shares in the last quarter. IFM Investors Pty Ltd acquired a new stake in shares of The Coca-Cola during the fourth quarter worth about $2,170,000. Lyell Wealth Management LP acquired a new stake in shares of The Coca-Cola during the fourth quarter worth about $328,000. Finally, Federated Investors Inc. PA boosted its stake in shares of The Coca-Cola by 40.5% in the fourth quarter. Federated Investors Inc. PA now owns 16,587,254 shares of the company’s stock worth $687,708,000 after buying an additional 4,778,914 shares in the last quarter. Institutional investors and hedge funds own 63.88% of the company’s stock.
A number of analysts have weighed in on the company. Barclays PLC set a $45.00 price objective on The Coca-Cola and gave the stock a “neutral” rating in a research report on Monday, May 29th. Morgan Stanley set a $45.00 price objective on The Coca-Cola and gave the stock a “neutral” rating in a research report on Monday, May 29th. Susquehanna Bancshares Inc set a $38.00 price objective on The Coca-Cola and gave the stock a “hold” rating in a research report on Saturday, March 25th. Gabelli reaffirmed a “hold” rating on shares of The Coca-Cola in a research report on Saturday, February 11th. Finally, BMO Capital Markets cut The Coca-Cola from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $45.98 to $46.00 in a research report on Wednesday. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $44.53.
Shares of The Coca-Cola (NYSE KO) opened at 45.51 on Thursday. The stock’s 50 day moving average price is $44.11 and its 200 day moving average price is $42.34. The firm has a market cap of $194.44 billion, a PE ratio of 32.03 and a beta of 0.69. The Coca-Cola has a 12-month low of $39.88 and a 12-month high of $46.06.
The Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Tuesday, April 25th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by $0.01. The Coca-Cola had a net margin of 15.59% and a return on equity of 32.94%. The company had revenue of $9.12 billion for the quarter, compared to analysts’ expectations of $8.85 billion. During the same quarter in the prior year, the firm earned $0.45 earnings per share. The company’s revenue was down 11.3% on a year-over-year basis. On average, equities research analysts predict that The Coca-Cola will post $1.89 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Thursday, June 15th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Tuesday, June 13th. The Coca-Cola’s dividend payout ratio is currently 93.33%.
COPYRIGHT VIOLATION NOTICE: “The Coca-Cola Target of Unusually High Options Trading (KO)” was first reported by Markets Daily and is the property of of Markets Daily. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece can be read at https://www.themarketsdaily.com/2017/06/08/the-coca-cola-target-of-unusually-high-options-trading-ko.html.
The Coca-Cola Company Profile
The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.
Receive News & Ratings for The Coca-Cola Co Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for The Coca-Cola Co and related companies with MarketBeat.com’s FREE daily email newsletter.