Investors Purchase High Volume of The Coca-Cola Company Call Options (KO)
The Coca-Cola Company (NYSE:KO) was the target of some unusual options trading on Monday. Investors bought 32,316 call options on the stock, Stock Ratings Network reports. This is an increase of approximately 297% compared to the average daily volume of 8,138 call options.
A number of analysts have recently weighed in on KO shares. Analysts at Jefferies Group initiated coverage on shares of The Coca-Cola Company in a research note on Monday. They set a “hold” rating and a $44.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of The Coca-Cola Company in a research note on Thursday, May 15th. They now have a $43.00 price target on the stock. Finally, analysts at Nomura initiated coverage on shares of The Coca-Cola Company in a research note on Tuesday, April 29th. They set a “buy” rating and a $53.50 price target on the stock. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company. The Coca-Cola Company has an average rating of “Hold” and a consensus target price of $45.05.
The Coca-Cola Company (NYSE:KO) traded down 0.20% during mid-day trading on Monday, hitting $40.91. The stock had a trading volume of 7,300,999 shares. The Coca-Cola Company has a 1-year low of $36.83 and a 1-year high of $41.73. The stock has a 50-day moving average of $40.78 and a 200-day moving average of $39.5. The company has a market cap of $179.8 billion and a P/E ratio of 21.91.
The Coca-Cola Company (NYSE:KO) last issued its quarterly earnings data on Tuesday, April 15th. The company reported $0.44 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.45 by $0.01. The company had revenue of $10.58 billion for the quarter, compared to the consensus estimate of $10.61 billion. During the same quarter last year, the company posted $0.46 earnings per share. The Coca-Cola Company’s revenue was down 4.2% compared to the same quarter last year. Analysts expect that The Coca-Cola Company will post $2.09 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 1st. Stockholders of record on Monday, June 16th will be given a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend is Thursday, June 12th.
The Coca-Cola Company 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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