The Coca-Cola Co’s Trend Down, Especially After This Options Activity

 The Coca Cola Co's Trend Down, Especially After This Options Activity

In today’s session The Coca-Cola Co (KO) recorded an unusually high (2,500) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the May, 2017 put, expecting serious KO decrease. With 2,500 contracts traded and 3884 open interest for the May, 17 contract, it seems this is a quite bearish bet. The option with symbol: KO170519P00040000 closed last at: $1.47 or 8.1% down. About 13.64 million shares traded hands or 19.65% up from the average. The Coca-Cola Co (NYSE:KO) has declined 3.80% since March 1, 2016 and is downtrending. It has underperformed by 13.04% the S&P500.

Analysts await The Coca-Cola Co (NYSE:KO) to report earnings on October, 19. They expect $0.49 earnings per share, down 3.92% or $0.02 from last year’s $0.51 per share. KO’s profit will be $2.10B for 21.38 P/E if the $0.49 EPS becomes a reality. After $0.60 actual earnings per share reported by The Coca-Cola Co for the previous quarter, Wall Street now forecasts -18.33% negative EPS growth.

The Coca-Cola Co (NYSE:KO) Ratings Coverage

Out of 11 analysts covering Coca-Cola (NYSE:KO), 5 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 45% are positive. $54.0 is the highest target while $37 is the lowest. The $45.92 average target is 9.59% above today’s ($41.9) stock price. Coca-Cola has been the topic of 20 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was upgraded by Susquehanna to “Neutral” on Friday, February 5. Vetr upgraded The Coca-Cola Co (NYSE:KO) on Monday, August 24 to “Hold” rating. UBS maintained The Coca-Cola Co (NYSE:KO) on Thursday, October 22 with “Buy” rating. The firm has “Equal Weight” rating by Barclays Capital given on Friday, August 7. The rating was maintained by Citigroup with “Buy” on Thursday, April 21. Stifel Nicolaus upgraded the shares of KO in a report on Tuesday, January 12 to “Buy” rating. The stock has “Neutral” rating given by Goldman Sachs on Thursday, April 21. Sterne Agee CRT initiated the shares of KO in a report on Tuesday, July 21 with “Buy” rating. The firm has “Buy” rating by UBS given on Friday, February 5. UBS maintained the shares of KO in a report on Thursday, April 21 with “Buy” rating.

Insitutional Activity: The institutional sentiment increased to 0.85 in 2016 Q2. Its up 0.01, from 0.84 in 2016Q1. The ratio increased, as 65 funds sold all The Coca-Cola Co shares owned while 625 reduced positions. 74 funds bought stakes while 513 increased positions. They now own 2.72 billion shares or 2.58% less from 2.79 billion shares in 2016Q1.
Moreover, Iab Bank & Trust has 0.44% invested in The Coca-Cola Co (NYSE:KO) for 15,150 shares. Ifrah Fincl Incorporated accumulated 0.17% or 9,610 shares. Fuller And Thaler Asset Inc accumulated 14,300 shares or 0.01% of the stock. Rh Dinel Counsel has 50,150 shares for 2.66% of their US portfolio. Herndon Mngmt reported 359 shares or 0% of all its holdings. Moreover, Inv Prtnrs Limited Oh Adv has 1.51% invested in The Coca-Cola Co (NYSE:KO) for 33,325 shares. Cap Advsr Limited Liability Corporation has 0% invested in the company for 187 shares. Strategy Asset Managers Ltd Limited Liability Company, a New Jersey-based fund reported 7,263 shares. Intll Ca accumulated 0.76% or 230,600 shares. Tortoise Inv Mngmt Ltd last reported 0.18% of its portfolio in the stock. Tukman Grossman Cap has 1.45M shares for 3.88% of their US portfolio. Wealthtrust reported 3,778 shares or 0.11% of all its holdings. Wg Shaheen & Assoc Dba Whitney & holds 2.06% of its portfolio in The Coca-Cola Co (NYSE:KO) for 112,048 shares. Aspiriant Ltd Liability has 38,193 shares for 0.14% of their US portfolio. Geode Capital Lc has 0.77% invested in the company for 31.36 million shares.

Insider Transactions: Since April 5, 2016, the stock had 0 insider purchases, and 3 selling transactions for $7.22 million net activity. HASTIE BRENT also sold $870,022 worth of The Coca-Cola Co (NYSE:KO) shares. Shares for $1.25 million were sold by MARK LARRY M on Monday, April 25. SMITH BRIAN JOHN also sold $2.22M worth of The Coca-Cola Co (NYSE:KO) on Thursday, May 19. DOUGLAS J ALEXANDER JR sold 80,000 shares worth $3.76 million.

The Coca-Cola Company is a beverage company. The company has a market cap of $179.35 billion. The Firm owns or licenses and markets over 500 nonalcoholic beverage brands, primarily sparkling beverages but also a range of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks. It has a 24.08 P/E ratio. The Company’s divisions include Eurasia and Africa, Europe, Latin America, North America, Asia Pacific, Bottling Investments and Corporate.

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