Investors Purchase High Volume of The Coca-Cola Company Put Options (KO)
The Coca-Cola Company (NYSE:KO) was the target of some unusual options trading on Thursday. Stock traders purchased 16,692 put options on the stock, AnalystRatings.NET reports. This is an increase of 131% compared to the average volume of 7,225 put options.
In other The Coca-Cola Company news, EVP Irial Finan sold 250,000 shares of the company’s stock on the open market in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $41.61, for a total transaction of $10,402,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Brasil Plural initiated coverage on shares of The Coca-Cola Company in a research note on Monday, August 25th. They set an “overweight” rating and a $46.00 price target on the stock. Separately, analysts at Jefferies Group downgraded shares of The Coca-Cola Company from a “buy” rating to a “hold” rating in a research note on Monday, August 18th. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of The Coca-Cola Company in a research note on Monday, August 18th. They now have a $46.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $45.50.
Shares of The Coca-Cola Company (NYSE:KO) traded up 0.22% during mid-day trading on Thursday, hitting $41.87. 16,785,312 shares of the company’s stock traded hands. The Coca-Cola Company has a 52-week low of $36.83 and a 52-week high of $42.57. The stock has a 50-day moving average of $40.78 and a 200-day moving average of $40.22. The company has a market cap of $183.6 billion and a P/E ratio of 22.34.
The Coca-Cola Company (NYSE:KO) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.01. The company had revenue of $12.57 billion for the quarter, compared to the consensus estimate of $12.82 billion. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. Analysts expect that The Coca-Cola Company will post $2.08 EPS for the current fiscal year.
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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