The Coca-Cola Target of Unusually High Options Trading (KO) – Markets Daily

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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%.

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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.

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