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

The Coca-Cola Company (NYSE:KOGet Rating) was the recipient of unusually large options trading activity on Monday. Investors bought 76,987 call options on the company. This represents an increase of approximately 38% compared to the typical volume of 55,724 call options.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on KO. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Coca-Cola from $65.00 to $59.00 and set a “hold” rating for the company in a report on Friday, October 14th. JPMorgan Chase & Co. set a $63.00 price target on shares of Coca-Cola in a report on Friday, October 21st. Wells Fargo & Company lowered their price target on shares of Coca-Cola from $72.00 to $66.00 and set an “overweight” rating for the company in a report on Monday, October 3rd. Royal Bank of Canada set a $69.00 price target on shares of Coca-Cola in a report on Tuesday, July 26th. Finally, Morgan Stanley lowered their target price on shares of Coca-Cola from $74.00 to $68.00 and set an “overweight” rating for the company in a report on Tuesday, October 4th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.50.

Insiders Place Their Bets

In other Coca-Cola news, insider Henrique Braun sold 11,318 shares of the firm’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $64.35, for a total transaction of $728,313.30. Following the completion of the transaction, the insider now owns 22,828 shares in the company, valued at $1,468,981.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Coca-Cola news, insider Henrique Braun sold 11,318 shares of the firm’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $64.35, for a total transaction of $728,313.30. Following the completion of the transaction, the insider now owns 22,828 shares in the company, valued at $1,468,981.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Mark Randazza sold 42,068 shares of Coca-Cola stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $60.86, for a total transaction of $2,560,258.48. Following the completion of the transaction, the insider now owns 40,146 shares of the company’s stock, valued at approximately $2,443,285.56. The disclosure for this sale can be found here. Corporate insiders own 0.98% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. FourThought Financial LLC increased its stake in shares of Coca-Cola by 11.3% during the 3rd quarter. FourThought Financial LLC now owns 7,286 shares of the company’s stock worth $408,000 after purchasing an additional 742 shares during the last quarter. Sunbelt Securities Inc. increased its stake in shares of Coca-Cola by 7.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 8,961 shares of the company’s stock worth $502,000 after purchasing an additional 587 shares during the last quarter. National Pension Service increased its stake in shares of Coca-Cola by 3.9% during the 3rd quarter. National Pension Service now owns 5,816,431 shares of the company’s stock worth $329,036,000 after purchasing an additional 216,130 shares during the last quarter. CENTRAL TRUST Co increased its stake in shares of Coca-Cola by 0.6% during the 3rd quarter. CENTRAL TRUST Co now owns 170,916 shares of the company’s stock worth $9,575,000 after purchasing an additional 1,019 shares during the last quarter. Finally, M&T Bank Corp grew its stake in Coca-Cola by 0.9% in the 3rd quarter. M&T Bank Corp now owns 1,675,578 shares of the company’s stock valued at $93,870,000 after buying an additional 14,421 shares during the last quarter. 68.93% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Stock Up 1.5 %

NYSE:KO traded up $0.94 on Monday, hitting $62.08. 15,208,139 shares of the company’s stock were exchanged, compared to its average volume of 16,498,613. The firm has a 50-day moving average price of $58.27 and a 200-day moving average price of $61.30. 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 52 week low of $52.28 and a 52 week high of $67.20. The company has a market cap of $268.47 billion, a P/E ratio of 27.15, a price-to-earnings-growth ratio of 4.04 and a beta of 0.57.

Coca-Cola Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be given a dividend of $0.44 per share. The ex-dividend date is Wednesday, November 30th. This represents a $1.76 annualized dividend and a yield of 2.84%. 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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