Coca-Cola Sees Unusually High Options Volume (NYSE:KO)

The Coca-Cola Company (NYSE:KOGet Rating) was the target of some unusual options trading activity on Monday. Stock investors purchased 76,987 call options on the company. This is an increase of 38% compared to the average volume of 55,724 call options.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, Director Herbert A. Allen III bought 33,200 shares of Coca-Cola stock in a transaction dated Friday, October 28th. The shares were purchased at an average cost of $60.18 per share, with a total value of $1,997,976.00. Following the transaction, the director now directly owns 99,054 shares of the company’s stock, valued at $5,961,069.72. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Coca-Cola news, Director Herbert A. Allen III bought 33,200 shares of Coca-Cola stock in a transaction dated Friday, October 28th. The shares were purchased at an average cost of $60.18 per share, with a total value of $1,997,976.00. Following the transaction, the director now directly owns 99,054 shares of the company’s stock, valued at $5,961,069.72. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Nancy Quan sold 13,746 shares of the company’s stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $61.12, for a total transaction of $840,155.52. Following the completion of the sale, the senior vice president now directly owns 184,710 shares in the company, valued at $11,289,475.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 67,132 shares of company stock valued at $4,128,727. 0.98% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of KO. Paragon Wealth Strategies LLC bought a new stake in Coca-Cola in the third quarter worth $25,000. Exos TFP Holdings LLC bought a new stake in Coca-Cola in the third quarter worth $27,000. Neo Ivy Capital Management bought a new stake in Coca-Cola in the third quarter worth $31,000. Carl Stuart Investment Advisor Inc. bought a new stake in Coca-Cola in the first quarter worth $34,000. Finally, LFA Lugano Financial Advisors SA bought a new stake in Coca-Cola in the second quarter worth $34,000. 68.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KO has been the topic of several recent analyst reports. UBS Group increased their price objective on shares of Coca-Cola from $63.00 to $68.00 in a research report on Wednesday, October 26th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Coca-Cola from $65.00 to $59.00 and set a “hold” rating on the stock in a research note on Friday, October 14th. JPMorgan Chase & Co. set a $63.00 target price on shares of Coca-Cola in a research note on Friday, October 21st. Morgan Stanley lowered their target price on shares of Coca-Cola from $74.00 to $68.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 4th. Finally, Credit Suisse Group set a $64.00 target price on shares of Coca-Cola in a research note on Wednesday, October 26th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Coca-Cola currently has a consensus rating of “Moderate Buy” and an average price target of $66.50.

Coca-Cola Trading Up 0.4 %

Shares of KO opened at $62.35 on Wednesday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.13 and a quick ratio of 0.95. Coca-Cola has a 1 year low of $52.28 and a 1 year high of $67.20. The company has a 50 day simple moving average of $58.30 and a two-hundred day simple moving average of $61.27. The firm has a market cap of $269.63 billion, a P/E ratio of 27.23, a price-to-earnings-growth ratio of 4.04 and a beta of 0.57.

Coca-Cola Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date is Wednesday, November 30th. Coca-Cola’s dividend payout ratio (DPR) is presently 76.86%.

About Coca-Cola

(Get Rating)

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; flavored and enhanced water, and sports drinks; juice, dairy, and plant-based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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