The Coca-Cola Target of Unusually High Options Trading (NYSE:KO)

The Coca-Cola Co (NYSE:KO) saw unusually large options trading activity on Wednesday. Investors purchased 367,787 call options on the stock. This is an increase of approximately 2,612% compared to the typical daily volume of 13,561 call options.

In other news, SVP Beatriz R. Perez sold 14,094 shares of The Coca-Cola stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $49.50, for a total value of $697,653.00. Following the transaction, the senior vice president now owns 108,551 shares of the company’s stock, valued at approximately $5,373,274.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Francisco Crespo sold 16,426 shares of The Coca-Cola stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $49.00, for a total transaction of $804,874.00. Following the completion of the transaction, the insider now directly owns 77,109 shares in the company, valued at approximately $3,778,341. The disclosure for this sale can be found here. Insiders sold a total of 316,600 shares of company stock worth $15,760,365 in the last ninety days. Corporate insiders own 1.33% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. First National Corp MA ADV raised its position in shares of The Coca-Cola by 7.6% in the first quarter. First National Corp MA ADV now owns 6,229 shares of the company’s stock valued at $838,000 after purchasing an additional 438 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of The Coca-Cola by 0.4% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 251,597 shares of the company’s stock valued at $11,789,000 after purchasing an additional 961 shares during the period. Belpointe Asset Management LLC increased its position in The Coca-Cola by 19.9% during the first quarter. Belpointe Asset Management LLC now owns 25,611 shares of the company’s stock worth $1,199,000 after acquiring an additional 4,253 shares during the period. Altfest L J & Co. Inc. increased its position in The Coca-Cola by 168.9% during the first quarter. Altfest L J & Co. Inc. now owns 53,477 shares of the company’s stock worth $2,488,000 after acquiring an additional 33,588 shares during the period. Finally, Marshall Wace North America L.P. acquired a new position in The Coca-Cola during the 1st quarter worth about $1,088,000. Institutional investors and hedge funds own 66.83% of the company’s stock.

KO stock opened at $51.64 on Thursday. The company has a quick ratio of 0.91, a current ratio of 1.02 and a debt-to-equity ratio of 1.48. The company has a market cap of $218.98 billion, a P/E ratio of 24.83, a P/E/G ratio of 3.51 and a beta of 0.50. The Coca-Cola has a 52 week low of $42.96 and a 52 week high of $52.19.

The Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.46 by $0.02. The business had revenue of $8 billion during the quarter, compared to analysts’ expectations of $7.89 billion. The Coca-Cola had a net margin of 20.91% and a return on equity of 45.12%. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period last year, the company posted $0.47 earnings per share. As a group, analysts anticipate that The Coca-Cola will post 2.09 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend is Thursday, June 13th. The Coca-Cola’s dividend payout ratio is currently 76.92%.

Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of The Coca-Cola from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research report on Friday, April 26th. Morgan Stanley raised shares of The Coca-Cola from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $52.00 to $55.00 in a research report on Tuesday, May 14th. UBS Group lifted their target price on shares of The Coca-Cola from $50.00 to $52.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. ValuEngine raised shares of The Coca-Cola from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Finally, Wells Fargo & Co lifted their target price on shares of The Coca-Cola from $50.00 to $52.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. Thirteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The Coca-Cola has a consensus rating of “Hold” and a consensus target price of $51.05.

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The Coca-Cola Company Profile

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plant–based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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