Could The Coca-Cola Co Decline After Today’s Tip From Option Traders?

 Could The Coca Cola Co Decline After Today's Tip From Option Traders?

In today’s session The Coca-Cola Co (KO) registered an unusually high (2,976) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious KO increase. With 2,976 contracts traded and 263624 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: KO170120C00043000 closed last at: $0.25 or 16.7% down. The stock last traded at $41.12 per share. It is down 11.03% since April 18, 2016 and is downtrending. It has underperformed by 15.46% the S&P500.

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. Coca-Cola has been the topic of 20 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was maintained by Citigroup on Thursday, April 21 with “Buy”. The stock of The Coca-Cola Co (NYSE:KO) has “Buy” rating given on Tuesday, July 21 by Sterne Agee CRT. Goldman Sachs maintained the shares of KO in a report on Wednesday, June 29 with “Neutral” rating. Vetr downgraded the shares of KO in a report on Friday, August 28 to “Buy” rating. The stock of The Coca-Cola Co (NYSE:KO) has “Neutral” rating given on Tuesday, March 15 by Susquehanna. On Thursday, April 21 the stock rating was maintained by Goldman Sachs with “Neutral”. UBS maintained the shares of KO in a report on Thursday, April 21 with “Buy” rating. RBC Capital Markets maintained it with “Outperform” rating and $51 target price in Thursday, March 10 report. As per Thursday, October 22, the company rating was maintained by UBS. The stock of The Coca-Cola Co (NYSE:KO) earned “Hold” rating by Vetr on Monday, August 31.

According to Zacks Investment Research, “The Coca-Cola Company is the world’s largest beverage company and is the leading producer and marketer of soft drinks. Along with Coca-Cola, recognized as the world’s best-known brand, The Coca-Cola Company markets four of the world’s top five soft drink brands, including diet Coke, Fanta and Sprite. Through the world’s largest distribution system, consumers in nearly 200 countries enjoy The Coca-Cola Company’s products at a rate of more than 1 billion servings each day.”

Insitutional Activity: The institutional sentiment increased to 0.88 in Q2 2016. Its up 0.03, from 0.85 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.
High Point Fincl Bank Tru Company holds 0.11% of its portfolio in The Coca-Cola Co (NYSE:KO) for 8,778 shares. Hendershot has 4,711 shares for 0.11% of their US portfolio. Riverpoint Capital Limited Company last reported 0.12% of its portfolio in the stock. Winfield Assoc Inc has 0.1% invested in the company for 3,245 shares. Inr Advisory Service Limited Liability Company last reported 0.01% of its portfolio in the stock. Rmsincerbeaux Capital Limited Co owns 41,840 shares or 1.95% of their US portfolio. Epoch Prns has 0.61% invested in the company for 3.58 million shares. The New York-based Millennium Mgmt Lc has invested 0% in The Coca-Cola Co (NYSE:KO). Wilkins Investment Counsel holds 0.65% of its portfolio in The Coca-Cola Co (NYSE:KO) for 42,150 shares. Investec Asset Mgmt last reported 87,264 shares in the company. Pacwest Fincl holds 11,047 shares or 0.31% of its portfolio. Moreover, Smithfield Trust has 0.34% invested in The Coca-Cola Co (NYSE:KO) for 40,066 shares. Endurance Wealth Inc reported 11,464 shares or 0.1% of all its holdings. Chesapeake Asset Mgmt Limited Liability Company holds 0.56% or 15,230 shares in its portfolio. Invesco Ltd, a Georgia-based fund reported 24.19M shares.

Insider Transactions: Since May 19, 2016, the stock had 0 insider buys, and 2 sales for $1.90 million net activity. SMITH BRIAN JOHN sold $2.22M worth of stock. 36,342 shares were sold by Waller Kathy N, worth $1.53M on Thursday, November 3. Goepelt Bernhard had sold 8,943 shares worth $373,370 on Friday, November 4.

The Coca-Cola Company is a beverage company. The company has a market cap of $176.73 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 24.95 P/E ratio. The Company’s divisions include Eurasia and Africa, Europe, Latin America, North America, Asia Pacific, Bottling Investments and Corporate.

KO Company Profile

The Coca-Cola Company, incorporated on September 5, 1919, is a beverage company. 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. The Company’s divisions include Eurasia and Africa, Europe, Latin America, North America, Asia Pacific, Bottling Investments and Corporate. The Firm owns and markets a range of nonalcoholic sparkling beverage brands, including Coca-Cola, Diet Coke, Fanta and Sprite. The Firm markets, makes and sells beverage concentrates, which are referred to as beverage bases, and syrups, including fountain syrups (concentrate business or concentrate operations), and finished sparkling and still beverages (finished product business or finished product operations). The Firm makes its beverage products available to clients across the world through its network of Company-owned or -controlled bottling and distribution operations, as well as independent bottling partners, distributors, wholesalers and retailers.

More important recent The Coca-Cola Co (NYSE:KO) news were published by: Reuters.com which released: “Swire Pacific in talks to buy Coca-Cola bottling assets in China: Bloomber…” on November 17, 2016, also Wsj.com published article titled: “Coca-Cola Earnings: What to Watch”, Investorplace.com published: “The Coca-Cola Co (KO) Debuts Coke Ginger” on October 31, 2016. More interesting news about The Coca-Cola Co (NYSE:KO) was released by: Bloomberg.com and their article: “Coca-Cola, PepsiCo Hit With Wave of Soda Taxes” with publication date: November 09, 2016.

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