Traders Buy High Volume of Call Options on Coca-Cola (KO)
Coca-Cola (NYSE:KO) was the target of unusually large options trading on Monday. Stock investors purchased 32,587 call options on the company, American Banking News.com reports. This is an increase of 101% compared to the average daily volume of 16,190 call options.
A number of analysts have recently weighed in on KO shares. 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 analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $45.25.
Shares of Coca-Cola (NYSE:KO) traded up 0.37% on Monday, hitting $37.91. 14,201,200 shares of the company’s stock traded hands. Coca-Cola has a one year low of $35.58 and a one year high of $43.43. The stock has a 50-day moving average of $38.24 and a 200-day moving average of $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 issued its quarterly earnings data on Tuesday, July 16th. The company reported $0.63 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $1.22 earnings per share. Coca-Cola’s revenue was down 2.6% compared to the same quarter last year. Analysts expect that Coca-Cola will post $2.10 EPS 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.