The Coca-Cola Company (NYSE:KO – Get Free Report) was the recipient of some unusual options trading activity on Monday. Investors acquired 53,679 put options on the company. This represents an increase of approximately 30% compared to the average daily volume of 41,220 put options.
Insider Activity at Coca-Cola
In related news, CFO John Murphy sold 156,290 shares of Coca-Cola stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $62.10, for a total value of $9,705,609.00. Following the completion of the transaction, the chief financial officer now owns 228,830 shares in the company, valued at $14,210,343. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Beatriz R. Perez sold 50,000 shares of Coca-Cola stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $62.66, for a total value of $3,133,000.00. Following the completion of the transaction, the senior vice president now owns 143,383 shares in the company, valued at $8,984,378.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO John Murphy sold 156,290 shares of Coca-Cola stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $62.10, for a total transaction of $9,705,609.00. Following the completion of the transaction, the chief financial officer now owns 228,830 shares of the company’s stock, valued at approximately $14,210,343. The disclosure for this sale can be found here. Over the last quarter, insiders sold 227,364 shares of company stock worth $14,122,016. Corporate insiders own 1.00% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Moneta Group Investment Advisors LLC increased its position in Coca-Cola by 103,297.9% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 57,734,303 shares of the company’s stock worth $3,672,479,000 after purchasing an additional 57,678,466 shares in the last quarter. Norges Bank acquired a new stake in Coca-Cola during the 4th quarter worth approximately $2,937,315,000. Morgan Stanley increased its position in Coca-Cola by 15.7% during the 4th quarter. Morgan Stanley now owns 79,101,856 shares of the company’s stock worth $5,031,669,000 after purchasing an additional 10,722,435 shares in the last quarter. Barclays PLC increased its position in Coca-Cola by 164.7% during the 2nd quarter. Barclays PLC now owns 14,430,093 shares of the company’s stock worth $868,981,000 after purchasing an additional 8,979,379 shares in the last quarter. Finally, Bank of Montreal Can acquired a new stake in Coca-Cola during the 2nd quarter worth approximately $429,854,000. 68.96% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Coca-Cola Price Performance
NYSE KO traded up $0.38 during trading hours on Monday, reaching $58.32. The company’s stock had a trading volume of 6,742,881 shares, compared to its average volume of 13,120,422. The stock has a market cap of $252.20 billion, a PE ratio of 23.74, a PEG ratio of 3.43 and a beta of 0.55. Coca-Cola has a fifty-two week low of $54.01 and a fifty-two week high of $64.99. The company’s 50-day moving average is $60.49 and its two-hundred day moving average is $61.25. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.95 and a current ratio of 1.14.
Coca-Cola (NYSE:KO – Get Free Report) last released its earnings results on Wednesday, July 26th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. The company had revenue of $12 billion for the quarter, compared to analyst estimates of $11.74 billion. Coca-Cola had a net margin of 23.81% and a return on equity of 43.06%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.70 EPS. Analysts forecast that Coca-Cola will post 2.63 EPS for the current year.
Coca-Cola Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be issued a dividend of $0.46 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.84 annualized dividend and a dividend yield of 3.16%. Coca-Cola’s payout ratio is currently 75.72%.
Coca-Cola Company Profile
The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. 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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