Investors Buy Large Volume of Coca-Cola Put Options (KO)
Shares of Coca-Cola (NYSE:KO) saw unusually large options trading activity on Monday. Traders acquired 17,761 put options on the company, AnalystRatingsNetwork.com reports. This is an increase of 121% compared to the typical daily volume of 8,052 put options.
Several analysts have recently commented on the stock. Analysts at TheStreet reiterated a “buy” rating on shares of Coca-Cola in a research note to investors on Tuesday, October 8th. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Coca-Cola in a research note to investors on Wednesday, October 2nd. They now have a $43.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. Coca-Cola currently has a consensus rating of “Hold” and a consensus price target of $45.25.
Shares of Coca-Cola (NYSE:KO) traded up 0.37% during mid-day trading on Monday, hitting $37.91. The stock had a trading volume of 14,201,900 shares. Coca-Cola has a 52 week low of $35.58 and a 52 week high of $43.43. The stock’s 50-day moving average is $38.24 and its 200-day moving average is $40.26. The company has a market cap of $168.1 billion and a price-to-earnings ratio of 19.89.
Coca-Cola (NYSE:KO) last released its earnings data on Tuesday, July 16th. The company reported $0.63 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.63. The company had revenue of $12.75 billion for the quarter, compared to the consensus estimate of $12.97 billion. During the same quarter in the previous year, the company posted $1.22 earnings per share. The company’s revenue for the quarter was down 2.6% on a year-over-year basis. On average, analysts predict that Coca-Cola will post $2.10 earnings per share for the current fiscal year.
The Coca-Cola Company, incorporated on September 5, 1919, is a beverage company. The Company owns or licenses and markets more than 500 nonalcoholic beverage brands, primarily sparkling beverages but also a variety of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks.
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