Dernières nouvelles pour Coca-Cola (NYSE:KO) Stock

Coca-Cola

Founded in 1886, Atlanta-headquartered Coca-Cola is the world's largest nonalcoholic beverage company, with a strong portfolio of 200 brands covering key categories including carbonated soft drinks, water, sports, energy, juice, and coffee. Together with bottlers and distribution partners, the company sells finished beverage products bearing Coca-Cola and licensed brands through retailers and food-service locations in more than 200 countries and regions globally. Coca-Cola generates around two thirds of its total revenue overseas, with a significant portion from emerging economies in Latin America and Asia-Pacific.

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Here&#39;s a little twist for those who like to focus on fundamentals and economic forces when predicting the stock market. When inflation runs hot, it benefits stocks overall, and the opposite is true. Inflation brings on higher earnings through pricing power and margin expansion for most businesses, and the weakening impact it has on the dollar drives stock prices higher.
However, not all stocks are made equal. Some actually suffer during inflation as they cannot keep up with economic growth. The same is true when slowing inflation hits the economy. Instead of placing a bearish bias on the whole S&amp;P 500, investors can apply some fundamental reasoning to find potential stocks that may outperform during the next couple of quarters.
Operating in the consumer staples sector, stocks like Coca-Cola Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ko#NYSE">KO</a>) offer some growth potential as they have enough pricing power and international reach to cushion the falling inflation rates in the United States. Others, like Realty Income Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/o#NYSE">O</a>), offer investors stable income during times when income loses its power. Moving outside this real estate investment trust (REIT), the healthcare sector offers some additional upside in shares of Pfizer Inc.
<h2>Coca-Cola: The Fortress Stock Every Investor Needs in Their Portfolio</h2>
Investors can always expect Coca-Cola to deliver stability and potential growth during most cycles, whether the economy is booming or busting and whether inflation is running hot or cold. Even as inflation slows down through a 2.2% PCE measure, compared to over 3.5% a year ago, Coca-Cola&#39;s scalability offers a few benefits.
Serving over a billion Coca-Cola products daily, the company can significantly increase its revenue and earnings by raising prices yearly just to keep up with inflation, plus a small premium enabled by the Coca-Cola brand penetration in the beverage market.
This is why some on Wall Street have started to gain a bullish view in the stock, led by analysts at Wells Fargo through their &quot;Overweight&quot; rating as of September 2024. This time, they placed a $78 price target on Coca-Cola stock, calling for a net upside of 9.8% from where the stock trades today, not to mention a new 52-week high.
Being a $309 billion giant has other perks, too. Investors can now enjoy a $1.94 a share payout from the company, which translates into an annualized dividend yield of 2.7% to beat the slowing pace of inflation today. The bullish sentiment toward Coca-Cola didn&#39;t stop there, however.
Institutional buyers like Legal &amp; General Group decided to boost their holdings in Coca-Cola by 2.9% as of August 2024, bringing their net investment up to $2.46 billion today, or nearly 1% ownership in the company. Behind this wall of institutional ownership is Warren Buffett, of course, who has owned Coca-Cola for decades now.
<h2>Safety and Income: Why Realty Income Is a Must-Have for Your Portfolio</h2>
The real estate sector is often seen as a stable and protective space for capital to be put to work. Realty Income might be a good choice for investors to consider today.
There&#39;s a reason analysts at Stifel Nicolaus decided to place a $70.25 price target on this REIT recently, calling for up to 12.6% upside from where it trades today.
This potential upside matches what most investors would expect to receive from the S&amp;P 500 every year, but there&#39;s an added bonus. Through its high-quality tenants, the company&#39;s property portfolio now offers investors a $3.16 per share payout.
That&#39;s the nice thing about investing in REITs, as shareholders can now lock in a dividend yield of 5.1%, over twice as much as the PCE inflation rate. More than that, Wall Street analysts now expect to see Realty Income stock deliver major earnings per share (EPS) growth of 280% in the next 12 months.
<h2>Pfizer: The Reliable Choice Through Economic Booms and Busts</h2>
The healthcare sector is another space where investors can almost buy and forget through every economic cycle; after all, it&#39;s one of the basic human necessities. Within this niche, Pfizer offers a special deal for investors to consider today, especially after Wall Street targets are taken into consideration.
Now trading at 85% of its 52-week high, it opens up enough of a gap for the stock to return to its previous high levels. More than that, analysts at Cantor Fitzgerald decided to reiterate their &quot;Overweight&quot; rating on Pfizer stock, not only that but also landing on a $45 price target for the company today.
The stock would need to rally by as much as 57.3% from where it trades today to prove these targets right. This may not be a REIT stock, but it shares some of its benefits; Pfizer now offers to pay a $1.68 dividend per share for an annual dividend yield of 5.9% above inflation.
As a last check, investors can note the discount against the rest of the medical sector&#39;s average valuation today. On a price-to-book (P/B) multiple, Pfizer trades at 1.8x, which is well below the sector&#39;s average P/B valuation of 4.8x. This is where most of the upside could be coming from.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/3-stocks-set-to-benefit-from-cooling-inflation-trends/">3 Stocks Set to Benefit from Cooling Inflation Trends</a>&quot; first appeared on MarketBeat.

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<a href="https://www.cnbc.com/2024/10/07/sen-elizabeth-warren-and-rep-madeleine-dean-demand-food-and-beverage-ceos-put-a-stop-to-shrinkflation.html">https://www.cnbc.com/2024/10/07/sen-elizabeth-warren-and-rep-madeleine-dean-demand-food-and-beverage-ceos-put-a-stop-to-shrinkflation.html</a>
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Two Democratic lawmakers are demanding that some of the biggest food and beverage companies stop engaging in "shrinkflation" — the practice of reducing product sizes while charging prices that are the same or higher.
In pointed letters, Sen. Elizabeth Warren of Massachusetts and Rep. Madeleine Dean of Pennsylvania accused General Mills, Coca-Cola and PepsiCo of engaging in a "pattern of profiteering" through shrinkflation and by "dodging taxes." The letters, sent Sunday afternoon and shared first with NBC News, cite tactics the companies have used in recent years to increase their bottom lines.
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General Mills, for example, reduced the sizes of many cereal boxes in 2021, "including decreasing ‘Family Size' Cocoa Puffs from 19.3 ounces to 18.1 ounces while charging the same price," the letter to General Mills Chairman and CEO Jeff Harmening read. It added: "Then, from mid-2021 to mid-2022, General Mills hiked prices five times, and in 2023, your Group President of North American Retail bragged that the company was ‘getting smart about how we look at pricing.'"
Coca-Cola has downsized its products, too, said the letter to Chairman and CEO James Quincey, and it is "selling less soda for the same price." The same with PepsiCo, which "replaced its 32 oz Gatorade bottle with a 28 oz bottle for the same price."
"Shrinking the size of a product in order to gouge consumers on the price per ounce is not innovation, it is exploitation," the letter to PepsiCo head Ramon Laguarta read.
Spokespeople for General Mills, Coca-Cola and PepsiCo did not immediately respond to requests for comment. PepsiCo has denied changing bottle sizes for profit; a spokesperson&nbsp;<a href="https://www.nbcnews.com/business/consumer/walmart-chipotle-higher-prices-criticism-rcna160713">told CNBC in July</a>&nbsp;that the 28-fluid-ounce bottle of Gatorade has existed for over a decade and that selling it more widely was part of the company's long-term strategy, not a response to the current economic environment. Coca-Cola has explained its smaller bottles as a&nbsp;<a href="https://www.modernretail.co/operations/shrinkflation-is-boosting-coca-colas-bottom-line/">way to offer lower price points</a>&nbsp;to budget-conscious consumers.
Regardless, Warren and Dean also accused the companies of funding lobbying for&nbsp;<a href="https://www.americanprogress.org/article/the-tax-cuts-and-jobs-act-failed-to-deliver-promised-benefits/">Republican-led corporate tax breaks</a>&nbsp;in 2017 that promised a trickle-down effect but instead "incentivized price gouging" because "corporations raised prices to pad their profits, knowing that lower corporate tax cuts meant they would get more back on each dollar of price increase," all three letters said.
&nbsp;
Citing a February analysis from the nonprofit&nbsp;<a href="https://sfo2.digitaloceanspaces.com/itep/ITEP-Corporate-Tax-Avoidance-in-the-First-Five-Years-of-the-Trump-Tax-Law.pdf">Institute on Taxation and Economic Policy</a>, the letter to General Mills said that in the first five years following the 2017 tax cuts, General Mills paid an average effective tax rate of 14.8% on its $12 billion in profits — a lower tax rate than many working individuals pay. Coca-Cola paid 13.5% in federal income taxes on its $13.4 billion in profits for the same time frame, the letter to its CEO said, while PepsiCo made $22.4 billion in profits during those years and paid an average effective tax rate of 15%.
"People have noticed that their box of Cheerios and bag of Doritos are smaller, but prices are higher — and at the same time these giant corporations are paying lower tax rates than the average American," Warren said in a statement to NBC News. "We can't let them get away with this price gouging and tax dodging. It's just plain wrong, and we're fighting back."
Shrinking consumer goods extend beyond soda and cereal.&nbsp;<a href="https://www.mouseprint.org/">MousePrint.org</a>, a website that tracks retail products, has been highlighting items that have&nbsp;<a href="https://www.mouseprint.org/category/downsiz/">gone down in size but not in price</a>, including a pack of razors that once contained 36 razors and now is down to 30 and a bag of almonds that went from 30 ounces to 25.
President Joe Biden has mentioned shrinkflation numerous times, declaring it a "rip-off" in a&nbsp;<a href="https://x.com/POTUS/status/1756713597864988940?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1756713597864988940%7Ctwgr%5E2d8d6b2fdb9f6e2dac3d653d03c08b26020eb18f%7Ctwcon%5Es1_&amp;amp;ref_url=https%3A%2F%2Fwww.foxbusiness.com%2Fpolitics%2Fpresident-biden-slams-shrinkflation-in-super-bowl-sunday-video">video he posted to X</a>. In his State of the Union address this year, he urged Congress to pass a&nbsp;<a href="https://www.casey.senate.gov/news/releases/stop-shrinkflation-casey-introduces-legislation-to-crack-down-on-big-corporations-shrinking-products-without-reducing-prices">bill that would</a>&nbsp;crack down on shrinkflation by regulating it as unfair or deceptive.
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Even Cookie Monster has opined on downsized products,&nbsp;<a href="https://x.com/MeCookieMonster/status/1764692032914690276?lang=en">lamenting on X</a>&nbsp;in March: "Me hate shrinkflation! Me cookies are getting smaller."
But to manufacturers looking to grow profit, especially in times of inflation as the costs of packaging materials and ingredients rise, reducing product size is often seen as a better move than upping prices, said Nailya Ordabayeva, an associate professor of marketing at the Boston University Questrom School of Business.
"Final price increases draw much bigger backlash than volume decreases," she said. "So, between the two evils, the downsizing becomes a preferred option."
That having been said, when shoppers notice that they have paid the same amount for less, particularly if it's something they consume regularly compared with an indulgent item they buy only once in a while, "at that point they get upset," Ordabayeva said.
But consumer frustration has not stopped shrinkflation. A&nbsp;<a href="https://www.casey.senate.gov/imo/media/doc/shrinkflation_report.pdf">report in December</a>&nbsp;by Casey's office found that household products like toilet paper and paper towels were 34.9% more expensive per unit than in January 2019, with 10.3% of the price increase due to producers' shrinking the sizes of rolls and packages. Meanwhile, snacks such as Oreos and Doritos had become 26.4% more expensive since January 2019, with 9.8% of the increase "accomplished by giving families fewer chips and cookies for their dollar," the report said.
Sarah Gallo, senior vice president of federal affairs at Consumer Brands Association, a trade group that Coca-Cola, PepsiCo and General Mills all belong to, defended industry practices to NBC News.
She cited&nbsp;<a href="https://www.frbsf.org/research-and-insights/publications/economic-letter/2024/05/are-markups-driving-ups-and-downs-of-inflation/#toc_Potential-drivers-of-inflation--Production-costs-and-markups">an inflation report</a>&nbsp;the Federal Reserve Bank of San Francisco released in May that found that "aggregate markups over the past three years are not unusual compared with previous economic recoveries, countering the misleading attacks on the industry."
"The industry remains focused on providing the best products at the most competitive price to consumers," she said in a statement.
The letters from Warren and Dean requested three pieces of information: the average price the corporations charged per ounce of soda or per ounce of cereal every year since 2018, how much more in federal taxes they would have paid had the 2017&nbsp;<a href="https://www.cbpp.org/research/federal-tax/the-2017-trump-tax-law-was-skewed-to-the-rich-expensive-and-failed-to-deliver">Tax Cuts and Jobs Act</a>&nbsp;not been in effect and whether company executives received bonuses or other incentives during periods of high inflation.
Dean said the letters were sent to "ease the wrongful burden" the companies are imposing on consumers.
"Even as our economy recovers from the pandemic, people are still hurting from high prices at the grocery store,'" Dean said in a statement to NBC News. "Charging more for products, like cereal, while reducing their size means that Americans are paying more for less and big corporations are paying less than their fair share in taxes."

Macro Economic Events

"Sen. Elizabeth Warren And Rep. Madeleine Dean Demand Food And Beverage CEOs Put A Stop To 'Shrinkflation'" - CNBC

A podcaster recently shared his experience of <a href="https://www.benzinga.com/topic/charlie-munger">meeting </a><a href="https://www.benzinga.com/topic/charlie-munger">Charlie Munger</a> and having dinner with the legendary investor and former vice chairman of Berkshire Hathaway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>)(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>). 
Here's the most valuable piece of advice and key takeaway from that encounter.
What Happened: Munger and investing icon Warren Buffett had a <a href="https://www.benzinga.com/news/23/07/33175542/charlie-munger-says-people-could-be-happier-if-they-did-this">long-standing friendship</a>, which continues to influence the success of Berkshire Hathaway. With Munger's recent passing, his legacy and passion for surrounding himself with exceptional people continue to shape the company. Without their chance meeting, Berkshire Hathaway might have taken a very different path.
David Senra, the Founders&nbsp;<a href="https://pod.link/founders" target="_blank" rel="noopener">Podcast</a> host, reads an entrepreneur&#8217;s biography each week and breaks it down as an episode on the podcast.
For one of the recent podcasts, Senra shared his thoughts on the book "Tao of Charlie Munger: A Compilation of Quotes from Berkshire Hathaway's Vice Chairman on Life, Business, and the Pursuit of Wealth" by David Clark.
In the podcast episode, Senra mixes quotes and thoughts from the book with real-life answers he got from a dinner he had with Munger.
"I had dinner with Charlie Munger. I spent over 3 hours with him. I got to see his library. I could ask him any question I wanted," Senra <a href="https://twitter.com/FoundersPodcast/status/1638222631676551170">tweeted</a>.
While Senra shared several quotes from Munger in the book and some that he heard from Munger at dinner, he pointed to one that made the biggest impact.
"The most important lesson I learned from him that night was: GO FOR GREAT."
Senra said the quote from Munger breaks down to a combination of 4 simple ideas:
<ul>
<li>1. Charlie looks at everything through the lens of history. Human nature does not change. The same behaviors repeat forever.</li>
<li>2. Problems from time to time should be expected. This is an inescapable part of life.</li>
<li>3. Wise people do not whine about problems. They prevent them. "Wisdom is prevention."</li>
<li>4. Great businesses are rare. Great people are rare, too. Great people and great businesses produce fewer problems.</li>
</ul>
Also Read: <a href="https://www.benzinga.com/general/education/24/08/40317667/berkshire-hathaway-stock-up-19-so-far-in-2024-how-it-stacks-up-against-warren-buffetts-averages">Berkshire Hathaway Stock Up 19% So Far In 2024: How It Stacks Up Against Warren Buffett&#8217;s Averages, S&amp;P 500</a>
Why It's Important: In the podcast, Senra adds that a big portion of people's lives is searching for their goals, and they often don't reach where they're meant to be until later in their life.
"Your mission in life is to get into a great business (and stay there) and build relationships with great people. Doing that will prevent the majority of problems that are under your control. Go for great," Senra said of Munger's four steps.
The podcaster said that most people have to start more than one company to reach their goal, including Munger.
"Munger was in his 40s before he was doing full-time what he was put on the Earth to do."
Munger became the Vice Chairman of Berkshire Hathaway in 1978 and then became the right-hand man to Buffett. The position came after a meeting between Buffett, Munger and two friends that led to the two connecting over talking about stocks.
Munger had coincidentally worked at Buffett &amp; Son, a grocery store owned by Buffett's grandfather, as a teenager.
With Munger on board, Buffett changed some of his investing principles, including his concerns about diversification. Munger was able to get Buffett to not limit himself to Benjamin Graham&#8217;s teachings.
"Buy wonderful businesses at fair prices," Munger told Buffett.
The concept was to buy businesses that throw off lots of cash, and then use the cash to invest in and buy other businesses. With Munger helping with investments, Buffett was convinced to invest in Coca-Cola (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>), a decision he may never have made without Munger&#8217;s influence.
Going for great and surrounding himself with great people helped Buffett and Berkshire Hathaway immensely, and is one of the key pieces of advice he learned from Munger along the way.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/education/24/09/40982935/charlie-munger-was-asked-how-to-avoid-spoiling-children-when-youre-rich-warren-buffetts-longtim">Charlie Munger Was Asked How To Avoid Spoiling Children When You&#8217;re Rich — Warren Buffett&#8217;s Longtime Partner Gave His Realistic Advice: &#8216;Lose Your Fight As Gracefully As You Can&#8217;</a></li>
</ul>
This story is part of a new series of features on the subject of success,&nbsp;<a href="https://www.benzinga.com/topic/benzinga-inspire">Benzinga Inspire</a><a href="https://www.benzinga.com/topic/benzinga-inspire">.</a>
Image created using artificial intelligence via Midjourney.

Management

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Charlie Munger's Three-Word Rule That Guided Warren Buffett Could Help You Too

Coca-Cola Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) is pulling its Spiced flavor from shelves <a href="https://www.benzinga.com/news/24/02/37205779/coca-cola-spiced-now-available-in-stores-targets-younger-drinkers-with-raspberry-flavor">just six months after its launch</a>. 
What Happened: The company announced that it is &#8220;always looking at what our customers like and adjusting&#8221; its flavors. A spokesperson mentioned that Coca-Cola plans to phase out Spiced to introduce a new flavor in 2025, <a href="https://edition.cnn.com/2024/09/24/food/coca-cola-spiced-discontinued/index.html">reported</a> CNN on Tuesday.
Despite being marketed as a permanent addition, Spiced struggled with sales. The flavor, which combined traditional Coke with raspberry notes, was launched in February with a significant advertising campaign.
Spiced was aimed at <a href="https://www.benzinga.com/news/24/02/37205779/coca-cola-spiced-now-available-in-stores-targets-younger-drinkers-with-raspberry-flavor">attracting Gen-Z consumers</a> who prefer bolder flavors. 
The discontinuation of Spiced follows Coca-Cola&#8217;s broader strategy of updating its lineup. The company has also confirmed the end of Cherry Vanilla and Diet Coke with Splenda.
As consumer preferences shift towards sparkling waters and hydration beverages, Coca-Cola is expanding its Topo Chico water line and BodyArmor brand, according to the report.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40971260/trumps-historic-bitcoin-transaction-ethereum-co-founder-backs-trump-over-harris-for-crypto?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Historic Bitcoin Transaction, Ethereum Co-Founder Backs Trump Over Harris For Crypto, Gamestop Customer&#8217;s Bitcoin Windfall, And More: This Week In Cryptocurrency</a>
Why It Matters: The discontinuation of Coca-Cola&#8217;s Spiced flavor is part of a broader strategy to keep up with evolving consumer tastes. 
This move comes as Coca-Cola continues to demonstrate resilient growth despite economic challenges. In July, Goldman Sachs highlighted Coca-Cola&#8217;s impressive <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39914783/coca-colas-revenue-and-profit-shows-resilient-growth-amid-inflation-goldman-sachs">revenue and profit growth amid inflation</a>, with a second-quarter top line beat and strong gross margin expansion.
Furthermore, Coca-Cola&#8217;s second-quarter earnings report revealed a 3% year-on-year sales growth to $12.4 billion, <a href="https://www.benzinga.com/news/earnings/24/07/39904801/coca-colas-sweet-surge-q2-earnings-soar-raises-2024-forecasts">surpassing analyst expectations</a>. 
The company also raised its 2024 forecasts, reflecting its strong market position and ability to adapt to changing consumer preferences. Coca-Cola&#8217;s Sweet Surge in second-quarter earnings underscores its strategic adjustments.
Additionally, prominent investor Warren Buffett has significantly benefited from his stake in Coca-Cola. In a recent interview, Grant Cardone pointed out that Buffett <a href="https://www.benzinga.com/personal-finance/24/07/40046044/grant-cardone-says-buffett-made-508-million-as-an-investor-in-coca-cola-last-year-the-ceo-made-5">earned $508 million</a> as an investor in Coca-Cola last year.
Price Action: Coca-Cola Co. closed at $71.33 on Tuesday down 0.56% for the day. In after-hours trading, the stock ticked up 0.014%. Year to date, Coca-Cola shares have risen by 19.24%, according to <a href="https://www.benzinga.com/pro/login">data from Benzinga Pro</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40969515/amazon-going-nuclear-hiring-plans-indicate-company-may-be-eyeing-nuclear-to-meet-energy-needs?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Amazon Going Nuclear? Hiring Plans Indicate Company May Be Eyeing Nuclear To Meet Energy Needs</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Equities

Global

Coca Cola's Efforts To Entice Gen Z Fall Flat: Spiced Discontinued After Just 6 Months

Investors with a lot of money to spend have taken a bearish stance on Coca-Cola (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with KO, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 15 uncommon options trades for Coca-Cola.
This isn't normal.
The overall sentiment of these big-money traders is split between 40% bullish and 53%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $235,245, and 12 are calls, for a total amount of $851,005.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $55.0 to $77.5 for Coca-Cola during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Coca-Cola's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Coca-Cola's substantial trades, within a strike price spectrum from $55.0 to $77.5 over the preceding 30 days.
<h3>Coca-Cola Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727210778_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>KO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$5.45</td>
<td>$5.3</td>
<td>$5.4</td>
<td>$67.50</td>
<td>$232.2K</td>
<td>14.7K</td>
<td>431</td>
</tr>
<tr>
<td>KO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$0.77</td>
<td>$0.75</td>
<td>$0.74</td>
<td>$75.00</td>
<td>$222.0K</td>
<td>4.1K</td>
<td>3.9K</td>
</tr>
<tr>
<td>KO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$6.45</td>
<td>$6.35</td>
<td>$6.45</td>
<td>$77.50</td>
<td>$167.0K</td>
<td>461</td>
<td>259</td>
</tr>
<tr>
<td>KO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$0.75</td>
<td>$0.74</td>
<td>$0.75</td>
<td>$75.00</td>
<td>$67.4K</td>
<td>4.1K</td>
<td>958</td>
</tr>
<tr>
<td>KO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/11/24</td>
<td>$16.5</td>
<td>$16.4</td>
<td>$16.4</td>
<td>$55.00</td>
<td>$49.1K</td>
<td>0</td>
<td>43</td>
</tr>
</tbody>
</table>

<h3>About Coca-Cola</h3>
Founded in 1886, Atlanta-headquartered Coca-Cola is the world's largest nonalcoholic beverage company, with a strong portfolio of 200 brands covering key categories including carbonated soft drinks, water, sports, energy, juice, and coffee. Together with bottlers and distribution partners, the company sells finished beverage products bearing Coca-Cola and licensed brands through retailers and food-service locations in more than 200 countries and regions globally. Coca-Cola generates around two thirds of its total revenue overseas, with a significant portion from emerging economies in Latin America and Asia-Pacific.
Having examined the options trading patterns of Coca-Cola, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Present Market Standing of Coca-Cola</h3>
<ul>
<li>Trading volume stands at 12,677,698, with KO's price down by -0.56%, positioned at $71.33.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 28 days.</li>
</ul>
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Coca-Cola options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Market Whales and Their Recent Bets on Coca-Cola Options

Deep-pocketed investors have adopted a bullish approach towards Coca-Cola (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in KO usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for Coca-Cola. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 60% leaning bullish and 20% bearish. Among these notable options, 2 are puts, totaling $68,412, and 8 are calls, amounting to $357,313.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $50.0 to $85.0 for Coca-Cola over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Coca-Cola's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Coca-Cola's whale activity within a strike price range from $50.0 to $85.0 in the last 30 days. 
<h3>Coca-Cola Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726772749_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>KO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$14.05</td>
<td>$13.95</td>
<td>$13.95</td>
<td>$57.50</td>
<td>$73.9K</td>
<td>2.2K</td>
<td style="text-align: right;">161</td>
</tr>
<tr>
<td>KO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$2.01</td>
<td>$1.99</td>
<td>$2.01</td>
<td>$72.50</td>
<td>$62.9K</td>
<td>7.5K</td>
<td style="text-align: right;">428</td>
</tr>
<tr>
<td>KO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$11.5</td>
<td>$11.45</td>
<td>$11.5</td>
<td>$60.00</td>
<td>$59.8K</td>
<td>9.7K</td>
<td style="text-align: right;">292</td>
</tr>
<tr>
<td>KO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$11.55</td>
<td>$11.5</td>
<td>$11.55</td>
<td>$60.00</td>
<td>$46.2K</td>
<td>9.7K</td>
<td style="text-align: right;">336</td>
</tr>
<tr>
<td>KO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$14.75</td>
<td>$13.55</td>
<td>$13.65</td>
<td>$85.00</td>
<td>$38.2K</td>
<td>16</td>
<td style="text-align: right;">28</td>
</tr>
</tbody>
</table>

<h3>About Coca-Cola</h3>
Founded in 1886, Atlanta-headquartered Coca-Cola is the world's largest nonalcoholic beverage company, with a strong portfolio of 200 brands covering key categories including carbonated soft drinks, water, sports, energy, juice, and coffee. Together with bottlers and distribution partners, the company sells finished beverage products bearing Coca-Cola and licensed brands through retailers and food-service locations in more than 200 countries and regions globally. Coca-Cola generates around two thirds of its total revenue overseas, with a significant portion from emerging economies in Latin America and Asia-Pacific.
Having examined the options trading patterns of Coca-Cola, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Present Market Standing of Coca-Cola</h3>
<ul>
<li>Trading volume stands at 7,598,639, with KO's price down by -1.37%, positioned at $70.77.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 33 days.</li>
</ul>
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Coca-Cola with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Coca-Cola Unusual Options Activity

The Coca-Cola Company and Bacardi Limited today announced an agreement to debut BACARDÍ rum and Coca-Cola as a ready-to-drink (RTD) pre-mixed cocktail.
This press release features multimedia. View the full release here: <a href="https://www.businesswire.com/news/home/20240917932386/en/">https://www.businesswire.com/news/home/20240917932386/en/</a>
BACARDÍ rum and Coca-Cola ready-to-drink (RTD) pre-mixed cocktail (Photo: Business Wire)
BACARDÍ Mixed with Coca-Cola RTD will be available in several markets around the world, with the initial launch planned for select European markets and Mexico in 2025.

The Coca-Cola Company And Bacardi Limited Announce Plans To Debut BACARDÍ & Coca-Cola Ready-To-Drink Cocktail, The Initial Launch Planned For Select European Markets And Mexico In 2025

Americans receiving <a href="https://www.benzinga.com/personal-finance/24/09/40800774/gen-xs-looming-retirement-crisis-is-worse-than-they-realize-expert-compares-it-to-being-handed-a">Social Security payments</a> may see less of an increase next year, according to a nonprofit group that represents senior citizens.
The Social Security Administration is poised to announce its yearly cost of living adjustment (COLA) for payments to 71 million Americans in the middle of next month, effective in January 2025. The government agency handed out a 3.2% increase for this year last October.
The Senior Citizens League expects a 2.5% increase for next year, based on inflation falling from 2.9% in July to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40815794/fed-is-all-clear-for-launch-on-cutting-rates-as-inflation-falls-to-lowest-point-in-">2.5% in August</a>.
By law, the annual inflation adjustment is based on the average inflation during July, August, and September&nbsp;as measured by the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).
Read Also: <a href="https://www.benzinga.com/personal-finance/24/09/40817544/report-warns-of-16-500-annual-social-security-benefit-cut-for-dual-income-couples-by-2033">Report Warns of $16,500 Annual Social Security Benefit Cut for Dual-Income Couples by 2033</a>
The Bureau of Labor Statistics averages the CPI-W for these three months and then compares it with the same time frame from the previous year. The percentage difference between the two is the COLA, payable for checks received in January 2025. 
The league says the expected 2.5% increase will not be enough for seniors to meet the higher cost of living. 
Nearly 80% of senior households report that their monthly budget for essential items like food, housing, and prescription drugs had increased over the last 12 months, according to a 2024 survey taken by the organization. Almost two-thirds &#8212; 63% &#8212; say they&#8217;re worried that their income won&#8217;t be enough to cover these basic costs in the coming months.
&#8220;Ensuring that seniors have enough to feed and house themselves with dignity is a major reason why we advocate for a minimum COLA of 3%,&#8221; said Shannon Benton, the league&#8217;s executive&nbsp;director.&nbsp;
She said about two-thirds of seniors rely on Social Security for more than half of their monthly income, and 28% depend on it entirely.
Retirement Stocks
Dividend-yielding, retirement-oriented stocks, typically selected for their risk-averse nature, experienced mixed performance by midday trading on Monday.
<ul>
<li>Coca-Cola Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) gained 0.92% to $72.06.</li>
<li>Anhueser Busch InBev (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BUD#NYSE">BUD</a>) slipped 0.41% to $64.63.</li>
<li>Dominion Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/D#NYSE">D</a>) rose 1.07% to $58.78.</li>
<li>Microsoft Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>) slipped 0.19% to $429.78.</li>
</ul>
Retirement ETFs
Exchange-traded funds that are well suited for retirement trended upward on Monday.
<ul>
<li>Vanguard High Dividend Yield ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VYM#NYSE">VYM</a>) rose 0.41%.</li>
<li>IShares MSCI EAFE ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFA#NYSE">EFA</a>) gained 0.34%.</li>
<li>Vanguard Total World Stock ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VT#NYSE">VT</a>) edged up 0.53%.</li>
<li>IShares Cohen &amp; Steers REIT ETF ((BATS: <a class="ticker" href="https://www.benzinga.com/stock/icf#BATS">ICF</a>) went up 0.20%.</li>
<li>Vanguard Total Bond Market ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BND#NASDAQ">BND</a>) inched up 0.21%.</li>
</ul>
Retirement Plan Stocks
Financial service firms that offer retirement plans were also on the upswing on Monday.
<ul>
<li>The Charles Schwab Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) picked up 2.5% to $63.67.</li>
<li>Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) gained 1.89% to $53.78.</li>
<li>JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) gained 1.47% to $201.33.</li>
</ul>
Read Now: 
<ul>
<li><a href="https://www.benzinga.com/personal-finance/24/09/40695081/we-should-not-just-be-dependent-upon-the-payroll-tax-to-fund-social-security-says-retirement-exp">&#8216;We Should Not Just Be Dependent Upon The Payroll Tax&#8217; To Fund Social Security, Says Retirement Expert Teresa Ghilarducci</a></li>
</ul>
Photo: Shutterstock

iShares Trusthen & Steers Realty Majors Index Fund

MSFT

SCHW

Social Security Payments Set For 2.5% Increase Next Year; Retirement-Oriented Dividend Stocks Like Coca-Cola, Wells Fargo See Gains

Wells Fargo analyst Chris Carey maintains Coca-Cola (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) with a Overweight and raises the price target from $73 to $78.

Wells Fargo Maintains Overweight on Coca-Cola, Raises Price Target to $78

High-rolling investors have positioned themselves bearish on Coca-Cola (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in KO often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 13 options trades for Coca-Cola. This is not a typical pattern.
The sentiment among these major traders is split, with 38% bullish and 53% bearish. Among all the options we identified, there was one put, amounting to $93,125, and 12 calls, totaling $959,708.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $65.0 to $77.5 for Coca-Cola over the recent three months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Coca-Cola's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Coca-Cola's substantial trades, within a strike price spectrum from $65.0 to $77.5 over the preceding 30 days.
<h3>Coca-Cola Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726079539_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>KO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$3.4</td>
<td>$3.3</td>
<td>$3.39</td>
<td>$67.50</td>
<td>$256.8K</td>
<td>9.7K</td>
<td>1.0K</td>
</tr>
<tr>
<td>KO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$3.35</td>
<td>$3.25</td>
<td>$3.25</td>
<td>$70.00</td>
<td>$245.7K</td>
<td>9.0K</td>
<td>811</td>
</tr>
<tr>
<td>KO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$7.45</td>
<td>$7.35</td>
<td>$7.45</td>
<td>$77.50</td>
<td>$93.1K</td>
<td>319</td>
<td>125</td>
</tr>
<tr>
<td>KO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$0.47</td>
<td>$0.42</td>
<td>$0.47</td>
<td>$71.00</td>
<td>$69.0K</td>
<td>6.9K</td>
<td>1.6K</td>
</tr>
<tr>
<td>KO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/04/24</td>
<td>$1.45</td>
<td>$1.25</td>
<td>$1.45</td>
<td>$70.00</td>
<td>$65.2K</td>
<td>73</td>
<td>181</td>
</tr>
</tbody>
</table>

<h3>About Coca-Cola</h3>
Founded in 1886, Atlanta-headquartered Coca-Cola is the world's largest nonalcoholic beverage company, with a strong portfolio of 200 brands covering key categories including carbonated soft drinks, water, sports, energy, juice, and coffee. Together with bottlers and distribution partners, the company sells finished beverage products bearing Coca-Cola and licensed brands through retailers and food-service locations in more than 200 countries and regions globally. Coca-Cola generates around two thirds of its total revenue overseas, with a significant portion from emerging economies in Latin America and Asia-Pacific.
Following our analysis of the options activities associated with Coca-Cola, we pivot to a closer look at the company's own performance.
<h3>Coca-Cola's Current Market Status</h3>
<ul>
<li>With a trading volume of 5,775,299, the price of KO is down by -0.94%, reaching $70.88.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 41 days from now.</li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Coca-Cola with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Looking At Coca-Cola's Recent Unusual Options Activity

CFRA analyst Garrett Nelson downgrades Coca-Cola (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) from Buy to Hold.

Downgrades

CFRA Downgrades Coca-Cola to Hold

PepsiCo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) is making waves in the stock market as its shares recently formed a bullish technical pattern known as a <a href="https://www.benzinga.com/topic/golden-cross">Golden Cross</a>.
Golden Cross Signals Bullish Momentum: This is when the stock&#8217;s 50-day moving average crosses above its 200-day moving average, signaling potential upward momentum.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="632" height="463" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05111521/Screenshot-2024-09-05-at-6.37.36-PM.png" alt="" class="wp-image-532331" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05111521/Screenshot-2024-09-05-at-6.37.36-PM.png 632w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05111521/Screenshot-2024-09-05-at-6.37.36-PM-300x220.png 300w" sizes="(max-width: 632px) 100vw, 632px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090524&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
Pepsi's stock is trading at $178.52, comfortably above both its 50-day and 200-day simple moving averages of $170.43 and $170.21, respectively, making this a textbook bullish indicator.
After a 2.77% rise over the past year and a 3.51% year-to-date gain, PepsiCo stock's performance has lagged the broader S&amp;P 500, which climbed 15.9% YTD. However, Pepsi&#8217;s Golden Cross suggests that it could be gearing up for a stronger rally in the months ahead. The stock also sits 3.2% below its 52-week high of $183.41, which it hit in May, offering investors a potential opportunity to buy at a favorable price.
Read Also: <a href="https://www.benzinga.com/markets/24/09/40714664/coca-cola-hits-all-time-new-high-as-nvidia-loses-279b-jolts-and-beige-book-ahead">Coca-Cola Hits All Time New High As Nvidia Loses $279B, Jolts And Beige Book Ahead</a>
<h2 class="wp-block-heading">PepsiCo: A Dividend King's Resilience In Uncertain Times</h2>
Despite recent volatility, with PepsiCo trading below its 50-day moving average since mid-July, the Golden Cross shows that the tide may be turning. 
Investors looking to build a position in a &#8220;<a href="https://www.benzinga.com/quote/PEP/dividends">Dividend King</a>&#8221; like PepsiCo should pay attention to the stock&#8217;s technical strength.
PepsiCo has a market cap of $245.16 billion and is renowned for its global brands like Pepsi, Lay&#8217;s, and Gatorade. As a mega-cap stock, it offers stability in turbulent markets, along with a solid 3.04% dividend yield that has increased for 52 consecutive years. 
In today's uncertain economic environment, that dividend history makes PepsiCo particularly attractive to long-term investors.
While rival Coca-Cola Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) has outperformed Pepsi on a year-to-date basis, Pepsi's recent bullish signals indicate that it's worth keeping on your radar.
With the stock in correction territory and technical indicators signaling bullish momentum, now looks like a great time to take a sip of this market leader.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/08/40401143/pepsico-faces-legal-heat-gatorade-protein-bars-criticized-for-excessive-sugar">PepsiCo Faces Legal Heat: Gatorade Protein Bars Criticized For Excessive Sugar</a></li>
</ul>
Image: Unsplash

Long Ideas

Technicals

Signals

PepsiCo's Golden Opportunity: Soda Giant Lags S&P 500, But Shows Bullish Momentum

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer said KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) is a buy, adding that it is an &#8220;excellent firm, I've known them for years and years and years, and they have delivered <a href="https://www.benzinga.com/quote/KKR/news">time and time again.&#8221;</a>
KKR said it will launch its tender offer for the common shares and <a href="https://www.benzinga.com/markets/equities/24/08/40227904/kkr-to-support-fuji-soft-privatization-bid-report">share options of Fuji Soft</a>.
Moderna, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) is a &#8220;problem,&#8221; Cramer said. &#8220;They should be making money. They should have been able to do more with the money they had. They have not succeeded, they are losing money hand-over-fist. They have got to clean that up, or that stock is not going to rally.&#8221;
On Tuesday, the Medicines and Healthcare Products Regulatory Agency (MHRA) approved Moderna's updated COVID-19 vaccine, which targets the JN.1 variant of SARS-CoV-2.
&#8220;Give it a chance to come down,&#8221; Cramer said when asked about Lumen Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUMN#NYSE">LUMN</a>). &#8220;It's a parabolic move, parabolic moves always destined to come down.&#8221;
On Sept. 3, Lumen announced exchange offers for unsecured notes of Lumen and Level 3.
The &#8220;Mad Money&#8221; host said Oklo Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>) is a company that is again losing so much money &#8220;hand-over-fist I can't even look at it.&#8221;
On Aug. 13, Oklo reported a quarterly loss of $5.17 per share, versus a year-ago loss of 6 cents per share.
&#8220;Here's the problem with Coca-Cola (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>): Straight up, way too far, way too fast,&#8221; Cramer said. &#8220;Doesn't work for me, let it come in.&#8221;
On Aug. 27, Morgan Stanley analyst Dara Mohsenian maintained Coca-Cola with an Overweight rating and raised the price target from $70 to $78.
Price Action:
<ul>
<li>Moderna shares fell 0.6% to settle at $72.49 on Wednesday.</li>
<li>Oklo shares gained 4.1% to close at $5.82.</li>
<li>KKR shares fell 0.5% to close at $117.67 during Wednesday's session.</li>
<li>Lumen Technologies shares rose 14.2% to settle at $5.38 on Wednesday.</li>
<li>Coca-Cola shares fell 0.6% to settle at $72.56 during the session.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/09/40720418/wall-streets-most-accurate-analysts-weigh-in-on-3-energy-stocks-with-over-7-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Energy Stocks With Over 7% Dividend Yields</a></li>
</ul>
Image Courtesy of Oklo, Inc.

LUMN

MRNA

OKLO

Jim Cramer: Oklo Is Losing Money 'Hand-Over-Fist,' But This Private Equity Stock Is A Buy

To gain an edge, this is what you need to know today.
<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2024/09/2024-09-04_08h31_58-1.png" alt="" style="width:624px" /></figure>
<h3 class="wp-block-heading">Generating High Risk Adjusted Returns</h3>
Please <a href="https://thearorareport.com/chart-analysis-stock-market-risk-adjusted-returns-coca-cola-all-time-high-ko-nvda-mc-09042024">click here</a> for an enlarged chart of Coca-Cola Company stock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) and Nvidia stock (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>). KO chart is in the top pane. NVDA chart is in the bottom pane.
Note the following:
<ul>
<li>This article is about the big picture, not an individual stock. The charts of KO and NVDA stocks are being used to illustrate the point.</li>
<li>The chart shows that KO stock hit an all time high.</li>
<li>On the same day KO stock hit an all time high, NVDA lost a record $279B. This was the worst day for NVDA ever.</li>
<li>As full disclosure, KO is in the ZYX Buy portfolio that surrounds the core Model Portfolio. NVDA is in the core Model Portfolio.</li>
<li>The chart shows that while NVDA has not only fallen but has been very volatile, KO has gone straight up in a smooth manner.&nbsp; KO stock is an illustration of a high risk adjusted return, whereas there is high risk in NVDA stock at this time.</li>
<li>Having KO and NVDA in the portfolio, from a risk perspective, is an illustration of how to structure a portfolio for high risk adjusted returns to maximize the wealth you generate over your lifetime.</li>
<li>KO is an example of the strategy of buying a great company when it is temporarily hit due to market misperception.  Members of The Arora Report had an opportunity to buy KO stock at a cheap price when KO was hit in sympathy with Pepsi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>).  PEP was hit on concerns of the impact of weight loss drugs.  Of course, as a reader of The Arora Report, you knew that Pepsi has a very large snack business.  For KO, the snack business is not important.  This simple piece of knowledge provided an opportunity to buy KO at a good price.  Note, PEP stock has not done well, but KO stock has done superbly.  PEP stock is not in The Arora Report portfolio.
<ul>
<li>Members of The Arora Report get to diversify by strategies – The Arora Report uses over 50 different strategies.&nbsp; The easiest way to diversify by strategies is to follow the Model Portfolios and other signals.&nbsp; Diversification by strategies gives investors a big edge.&nbsp; Diversification by strategies is unique to The Arora Report.</li>
</ul>
</li>
<li>The chart shows that volume is on the high side during KO's rise.&nbsp; This indicates conviction.</li>
<li>RSI on the chart shows that KO is overbought. Overbought stocks tend to pullback.&nbsp; The pullback is often a buying opportunity.&nbsp; As full disclosure, there will be a post in The Arora Report&#8217;s ZYX&nbsp;Buy with a new buy zone for those not in KO stock.</li>
<li>On August 30, just before the recent drop in NVDA stock, the Arora call was to add to NVDA hedge.&nbsp; So far, that call has proven spot on.</li>
<li>The Arora Report members had some idea of what was coming Nvidia's way yesterday morning before the market open.&nbsp; We wrote in the Morning Capsule:</li>
</ul>
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">In the early trade, stocks are being sold on concern about the carry trade.&nbsp; In a carry trade, investors borrow in yen to invest in stocks in the U.S., primarily in AI stocks.
</blockquote>
<ul>
<li>NVDA stock has fallen for two reasons:
<ul>
<li>Concern about the carry trade</li>
<li>It appears that there may have been a leak about the U.S. government sending subpoenas to Nvidia and other companies as part of an antitrust probe.</li>
</ul>
</li>
<li>Here is another example of properly diversifying a portfolio.&nbsp; As NVDA stock falls on concerns about the carry trade, the yen ETF position represented by FXY in ZYX Allocation benefits if carry trade blows up.</li>
<li>In <a href="https://blog.thearorareport.com/smci-090324/">yesterday's Morning Capsule</a> we wrote:</li>
</ul>
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">ISM Manufacturing Index will be released at 10am ET and may be market moving.
</blockquote>
<ul>
<li>The consensus is 47.5.</li>
<li>The prevailing wisdom among smart money is that a weaker number will mean weaker earnings and thus it will be negative for the stock market.</li>
<li>ISM Manufacturing Index came at 47.2 vs. 47.5 consensus.&nbsp; This weaker number triggered smart money selling as The Arora Report had predicted.&nbsp; In addition to the concern about carry trade, this ISM data was the real reason for the stock market sell off yesterday.</li>
<li>JOLTS job opening data will be released at 10am ET and may be market moving.</li>
<li>The Fed's Beige Book will be released at 2pm ET and may also be market moving.</li>
<li>In the early trade, there is selling in anticipation of the momo crowd getting margin calls.&nbsp; Adding to the selling pressure is that momo crowd accounts that focus only on buying call options on AI stocks such as NVDA are suffering very heavy losses.</li>
<li>As an actionable item, the sum total of the foregoing is in the protection band, which strikes the optimum balance between various crosscurrents. &nbsp; Please scroll down to see the protection band. The protection band is one of the large number of unique edges that are available to members of The Arora Report.</li>
</ul>
<h3 class="wp-block-heading">Magnificent Seven Money Flows</h3>
In the early trade, money flows are negative in Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Nvidia, Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), Meta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), and Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>).
In the early trade, money flows are negative in S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Nasdaq 100 ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>).
<h3 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h3>
The momo crowd is selling stocks in the early trade.&nbsp; Smart money is inactive in the early trade. (Smart money sold yesterday near the top.)
Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling.&nbsp; Over a long period of time, investors come out ahead by adopting smart money's ways.&nbsp; The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money.
<h3 class="wp-block-heading">Gold</h3>
The momo crowd is selling gold in the early trade.&nbsp; Smart money is inactive in the early trade.
For longer-term, please see gold and silver ratings.
<h3 class="wp-block-heading">Oil</h3>
The momo crowd is selling oil in the early trade.&nbsp; Smart money is inactive in the early trade.
For longer-term, please see oil ratings.
<h3 class="wp-block-heading">Bitcoin</h3>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is seeing selling.
<h3 class="wp-block-heading">Markets</h3>
Our very, very short-term early stock market indicator is negative but can turn positive as the market is getting oversold in the very short term.&nbsp; This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades.
Interest rates and bonds are range bound.
The dollar is weaker.
Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens.
Gold futures are at $2519, silver futures are at $28.42, and oil futures are at $69.90.
S&amp;P 500 futures are trading at 5523 as of this writing.&nbsp; S&amp;P 500 futures resistance levels are 5622, 5748, and 5926: support levels are 5500, 5400, and 5256.
DJIA futures are down 4 points.
<h3 class="wp-block-heading">Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding 23% &#8211; 39% in cash or Treasury bills or allocated to short-term tactical trades; and short to medium-term hedges of 4% &#8211; 7%, and short term hedges of 4% &#8211; 7%. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp; The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<h3 class="wp-block-heading">Traditional 60/40 Portfolio</h3>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.

$BTC

AAPL

AMZN

GOOG

NVDA

TSLA

Coca-Cola Hits All Time New High As Nvidia Loses $279B, Jolts And Beige Book Ahead

Investors with a lot of money to spend have taken a bullish stance on Coca-Cola (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with KO, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 12 uncommon options trades for Coca-Cola.
This isn't normal.
The overall sentiment of these big-money traders is split between 41% bullish and 33%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $87,303, and 10 are calls, for a total amount of $359,874.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $55.0 and $75.0 for Coca-Cola, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Coca-Cola's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Coca-Cola's significant trades, within a strike price range of $55.0 to $75.0, over the past month.
<h3>Coca-Cola Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725380129_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>KO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$6.15</td>
<td>$6.05</td>
<td>$6.1</td>
<td>$67.50</td>
<td>$58.4K</td>
<td>7.6K</td>
<td>241</td>
</tr>
<tr>
<td>KO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$18.1</td>
<td>$18.0</td>
<td>$18.0</td>
<td>$55.00</td>
<td>$45.0K</td>
<td>52</td>
<td>25</td>
</tr>
<tr>
<td>KO</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$0.91</td>
<td>$0.9</td>
<td>$0.9</td>
<td>$70.00</td>
<td>$45.0K</td>
<td>1.2K</td>
<td>509</td>
</tr>
<tr>
<td>KO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$0.6</td>
<td>$0.5</td>
<td>$0.59</td>
<td>$57.50</td>
<td>$42.3K</td>
<td>3.0K</td>
<td>1.0K</td>
</tr>
<tr>
<td>KO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$6.1</td>
<td>$6.0</td>
<td>$6.0</td>
<td>$70.00</td>
<td>$40.8K</td>
<td>15.8K</td>
<td>68</td>
</tr>
</tbody>
</table>

<h3>About Coca-Cola</h3>
Founded in 1886, Atlanta-headquartered Coca-Cola is the world's largest nonalcoholic beverage company, with a strong portfolio of 200 brands covering key categories including carbonated soft drinks, water, sports, energy, juice, and coffee. Together with bottlers and distribution partners, the company sells finished beverage products bearing Coca-Cola and licensed brands through retailers and food-service locations in more than 200 countries and regions globally. Coca-Cola generates around two thirds of its total revenue overseas, with a significant portion from emerging economies in Latin America and Asia-Pacific.
In light of the recent options history for Coca-Cola, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Present Market Standing of Coca-Cola</h3>
<ul>
<li>With a volume of 5,072,839, the price of KO is up 0.67% at $72.95. </li>
<li>RSI indicators hint that the underlying stock may be overbought.</li>
<li>Next earnings are expected to be released in 49 days.</li>
</ul>
<h3>What Analysts Are Saying About Coca-Cola</h3>
In the last month, 1 experts released ratings on this stock with an average target price of $78.0.
<ul>
<li>An analyst from Morgan Stanley persists with their Overweight rating on Coca-Cola, maintaining a target price of $78. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Coca-Cola with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Coca-Cola Options Trading: A Deep Dive into Market Sentiment

Billionaire investor Warren Buffett may have had one of the best birthday presents ever: The company he has led for decades passed the $1 trillion market capitalization milestone several days <a href="https://www.benzinga.com/top-stories/24/08/40604676/warren-buffetts-berkshire-hathaway-breaks-1-trillion-poll-points-to-big-pharma-not-tech-as-next-cont">before his 94th birthday. </a>
Berkshire Hathaway Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>)(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) became the first non-technology, U.S. based company to join the elite trillion-dollar club on Wednesday, Aug. 28, further solidifying Buffett&#8217;s status as one of the top investors of all time.
The milestone for Buffett&#8217;s firm, where he remains chairman and CEO, is one of many during this storied career. Here&#8217;s a look at a small portion of the great highlights of Buffett&#8217;s life, with one highlight for each decade the &#8220;Oracle of Omaha&#8221; lived in.
1930: Buffett was<a href="https://www.biography.com/business-figure/warren-buffett" target="_blank" rel="noreferrer noopener"> born</a> Aug. 30, 1930. His father Howard was a former stockbroker. This would have a huge influence on Buffett's decision to get involved in the business.
1940:&nbsp;Buffett <a href="https://www.benzinga.com/news/22/04/26775821/warren-buffett-life-lessons-first-stock-purchase-at-11-1">purchased his first stock </a>at the age of 11. The purchase was for three shares of&nbsp;Cities Service Preferred, a natural gas company. Buffett bought the shares at $38 only to see them soon drop to $27 each. He waited until they hit $40 to sell for a profit. Shares later hit $200 each, which Buffett has since cited as a lesson on patience in investing.
1950: Despite his growing wealth, Buffett has <a href="https://www.forbes.com/profile/warren-buffett/#1da0b5394639" target="_blank" rel="noreferrer noopener">lived</a> in the same house in Omaha, Nebraska since 1958. The home was purchased for $31,500. Adjusted for <a href="https://www.usinflationcalculator.com/" target="_blank" rel="noreferrer noopener">inflation</a>, that would be the equivalent of over $333,192 today.
1960:&nbsp;By the year 1965, Buffett had&nbsp;<a href="https://www.benzinga.com/general/education/23/03/31279710/if-you-invested-1-000-in-berkshire-hathaway-when-warren-buffett-did-heres-how-much-youd-have-no" target="_blank" rel="noreferrer noopener">assumed control of&nbsp;</a>textiles company Berkshire Hathaway, thanks to acquiring 49%. He became a director of the company and worked on gaining full control and also diversifying the company away from textiles.
1970:&nbsp;Buffett became the author of the&nbsp;<a href="https://www.berkshirehathaway.com/letters/letters.html" target="_blank" rel="noreferrer noopener">annual Berkshire Hathaway letters</a>&nbsp;in the 1970s. These letters are considered must-reads for investors and every year, what Buffett writes to shareholders is analyzed with great detail. The letters include explanations for investments or why assets were sold. The letters also include life lessons and memorable quotes from the "Oracle of Omaha."
1980:&nbsp;In 1988, Buffett&nbsp;<a href="https://www.benzinga.com/general/education/23/08/33908338/if-you-invested-1-000-in-coca-cola-stock-when-warren-buffett-did-heres-how-much-youd-have-today" target="_blank" rel="noreferrer noopener">started accumulating shares</a>&nbsp;of&nbsp;Coca-Cola&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) for Berkshire Hathaway. After several large purchases, Berkshire Hathaway owned 7% of the company, worth $1.02 billion. Buffett has a long history with Coca-Cola, once selling bottles for a penny profit. Berkshire Hathaway still owns 400 million shares of KO, worth around $28.8&nbsp;billion.
1990:&nbsp;Geico Insurance&nbsp;has been one of the biggest pieces for Berkshire Hathaway since it&nbsp;<a href="https://www.latimes.com/archives/la-xpm-1995-08-26-fi-39039-story.html" target="_blank" rel="noreferrer noopener">acquired</a>&nbsp;full control in the 1990s. Berkshire completed the acquisition of the insurance company by purchasing the remaining 49% stake it didn&#8217;t previously own.
Buffett had been an investor in Geico shares dating back to 1951.&nbsp;Benjamin Graham,&nbsp;Buffett's mentor and professor, was once the chairman of Geico. The insurance company is forever linked to two of the most well-known investors.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent082924">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
2000:&nbsp;The 2000s represented a great period of fortune and giving for Buffett. In 2008, he became the richest man in the world, with&nbsp;<a href="https://www.forbes.com/2008/03/05/buffett-worlds-richest-cx_mm_0229buffetrichest.html#278740a03180" target="_blank" rel="noreferrer noopener">Forbes</a>&nbsp;valuing his wealth at $62 billion. Buffett took over the top spot from&nbsp;Microsoft&nbsp;founder&nbsp;Bill Gates, who had held the number one position for thirteen consecutive years. Buffett pledged in 2006 to give away the majority of his wealth after his death. 
2010: Berkshire Hathaway <a href="https://www.benzinga.com/general/education/23/08/33864608/if-you-invested-1-000-in-apple-stock-when-warren-buffett-bought-shares-heres-how-much-youd-have" target="_blank" rel="noreferrer noopener">started buying</a> stock in Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) in 2016. Buffett has since admitted he wishes he would have bought shares earlier.
"It's probably the best business I know in the world," Buffett told CNBC. Berkshire bought shares of Apple again throughout the decade to make it one of the biggest pieces of its investment portfolio.
"I don't think of Apple as a stock. I think of it as a third business," Buffett told CNBC, referring to Apple being the company's third-biggest holding behind Geico and railroad interests.
While Berkshire Hathaway <a href="https://www.benzinga.com/top-stories/24/08/40165638/warren-buffetts-apple-sell-off-echoes-chevron-move-what-it-means-for-investors">has sold some</a> of its Apple stock in recent years, the stock remains the largest holding the stock portfolio of the company with 400 million shares valued at $91.9 billion.
2020: Buffett imparted an investor lesson when he <a href="https://markets.businessinsider.com/news/stocks/warren-buffett-sold-big-4-airlines-stocks-already-recovered-2020-5-1029237218#" target="_blank" rel="noreferrer noopener">sold</a> his stake in the big four airlines. A longtime vocal non-supporter of buying airline stocks, he sold his stake worth around $7 billion at a loss.
He ditched his stakes in American Airlines (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>), Delta Air Lines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), Southwest Airlines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) and United Airlines (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) believing passenger numbers would not recover after the pandemic. He also cited carriers could be left with too many planes and would be hurt financially due to government loans.
This article was previously published by Benzinga and has been updated.
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Image: Shutterstock, edited via Canva

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High-rolling investors have positioned themselves bearish on Coca-Cola (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in KO often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 9 options trades for Coca-Cola. This is not a typical pattern.
The sentiment among these major traders is split, with 22% bullish and 66% bearish. Among all the options we identified, there was one put, amounting to $192,884, and 8 calls, totaling $294,016.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $60.0 to $77.5 for Coca-Cola over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
In terms of liquidity and interest, the mean open interest for Coca-Cola options trades today is 4441.62 with a total volume of 1,046.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Coca-Cola's big money trades within a strike price range of $60.0 to $77.5 over the last 30 days.
<h3>Coca-Cola Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724869838_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>KO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$6.45</td>
<td>$6.35</td>
<td>$6.45</td>
<td>$77.50</td>
<td>$192.8K</td>
<td>6</td>
<td style="text-align: right;">300</td>
</tr>
<tr>
<td>KO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$2.94</td>
<td>$2.89</td>
<td>$2.94</td>
<td>$69.00</td>
<td>$54.9K</td>
<td>274</td>
<td style="text-align: right;">210</td>
</tr>
<tr>
<td>KO</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$5.55</td>
<td>$4.4</td>
<td>$5.0</td>
<td>$67.50</td>
<td>$50.0K</td>
<td>8.2K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>KO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$13.2</td>
<td>$12.9</td>
<td>$12.95</td>
<td>$60.00</td>
<td>$45.3K</td>
<td>846</td>
<td style="text-align: right;">68</td>
</tr>
<tr>
<td>KO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$5.45</td>
<td>$5.35</td>
<td>$5.38</td>
<td>$70.00</td>
<td>$35.5K</td>
<td>17.6K</td>
<td style="text-align: right;">69</td>
</tr>
</tbody>
</table>

<h3>About Coca-Cola</h3>
Founded in 1886, Atlanta-headquartered Coca-Cola is the world's largest nonalcoholic beverage company, with a strong portfolio of 200 brands covering key categories including carbonated soft drinks, water, sports, energy, juice, and coffee. Together with bottlers and distribution partners, the company sells finished beverage products bearing Coca-Cola and licensed brands through retailers and food-service locations in more than 200 countries and regions globally. Coca-Cola generates around two thirds of its total revenue overseas, with a significant portion from emerging economies in Latin America and Asia-Pacific.
After a thorough review of the options trading surrounding Coca-Cola, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Coca-Cola's Current Market Status</h3>
<ul>
<li>With a trading volume of 6,868,091, the price of KO is down by -0.02%, reaching $71.48.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 55 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for Coca-Cola</h3>
In the last month, 1 experts released ratings on this stock with an average target price of $78.0.
<ul>
<li>An analyst from Morgan Stanley persists with their Overweight rating on Coca-Cola, maintaining a target price of $78. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Coca-Cola options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Smart Money Is Betting Big In Coca-Cola Options

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
<ul>
<li>Truist Securities raised the price target for AvalonBay Communities, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVB#NYSE">AVB</a>) from $213 to $230. Truist Securities analyst Michael Lewis maintained a Hold rating. AvalonBay Communities shares fell 0.8% to close at $219.92 on Monday. <a href="https://www.benzinga.com/quote/AVB/analyst-ratings">See how other analysts view this stock.</a></li>
<li>HC Wainwright &amp; Co. lowered the price target for Versus Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VS#NASDAQ">VS</a>) from $2 to $1.5. HC Wainwright &amp; Co. analyst Scott Buck maintained a Neutral rating. Versus Systems shares fell 4.3% to close at $1.35 on Monday.<a href="https://www.benzinga.com/quote/VS/analyst-ratings"> See how other analysts view this stock.</a></li>
<li>Roth MKM raised Coterra Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTRA#NYSE">CTRA</a>) price target from $25 to $29. Roth MKM analyst Leo Mariani upgraded the stock from Neutral to Buy. Coterra Energy shares gained 0.2% to close at $24.20 on Monday. <a href="https://www.benzinga.com/quote/CTRA/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Citigroup cut the price target for The Hershey Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) from $195 to $182. Citigroup analyst Thomas Palmer downgraded the stock from Neutral to Sell. Hershey shares gained 0.04% to close at $196.41 on Monday. <a href="https://www.benzinga.com/quote/HSY/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Bernstein raised Twilio Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWLO#NYSE">TWLO</a>) price target from $68 to $70. Bernstein analyst Peter Weed maintained a Market Perform rating. Twilio shares fell 0.2% to close at $60.67 on Monday. <a href="https://www.benzinga.com/quote/TWLO/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Keybanc raised Cogent Communications Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>) price target from $80 to $90. Keybanc analyst Brandon Nispel maintained an Overweight rating. Cogent Communications shares fell 0.2% to close at $72.81 on Monday. <a href="https://www.benzinga.com/quote/AVB/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Needham increased the price target for Napco Security Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NSSC#NASDAQ">NSSC</a>) from $52 to $57. Needham analyst James Ricchiuti maintained a Buy rating. Napco Security shares fell 14.6% to close at $47.38 on Monday. <a href="https://www.benzinga.com/quote/NSSC/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley boosted The Coca-Cola Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) price target from $70 to $78. Morgan Stanley analyst Dara Mohsenian maintained an Overweight rating. Coca-Cola shares gained 1.5% to close at $70.84 on Monday.<a href="https://www.benzinga.com/quote/KO/analyst-ratings"> See how other analysts view this stock.</a></li>
<li>Benchmark raised Frontier Communications Parent, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FYBR#NASDAQ">FYBR</a>) price target from $35 to $37. Benchmark analyst Matthew Harrigan maintained a Buy rating. Frontier Communications shares rose 2.9% to close at $29.46 on Monday. <a href="https://www.benzinga.com/quote/FYBR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Evercore ISI Group raised Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) price target from $710 to $750. Evercore ISI Group analyst Mark Mahaney maintained an Outperform rating. Netflix shares rose 0.3% to close at $688.44 on Monday. <a href="https://www.benzinga.com/quote/NFLX/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
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<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="522" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/27083103/image-266-1024x522.png" alt="" class="wp-image-516014" style="width:618px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/27083103/image-266-1024x522.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/27083103/image-266-300x153.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/27083103/image-266-768x392.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/27083103/image-266.png 1327w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>

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Morgan Stanley analyst Dara Mohsenian maintains Coca-Cola (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) with a Overweight and raises the price target from $70 to $78.

Morgan Stanley Maintains Overweight on Coca-Cola, Raises Price Target to $78

As soon as Democratic nominee Kamala Harris promised to <a href="https://www.benzinga.com/news/24/08/40387906/kamala-harris-plans-historic-federal-ban-on-corporate-price-gouging-in-food-and-grocery-industries">ban price-gouging on groceries</a> (if she were elected U.S. President in November), the blowback from critics was loud and fierce. 
But such laws, which put a floor and a ceiling on consumer goods and services through government mandate, are not new.
For example, President Franklin D. Roosevelt signed into law the Emergency Price Control Act of 1942 to curb inflation during World War II. It was enacted on Jan. 30, 1942 and expired on June 30,1947, <a href="https://www.loc.gov/item/uscode1940-006050a010/">according</a> to the Library of Congress.
Almost 30 years later, President Richard Nixon issued an executive order in 1971 that put a 90-day freeze on wages and prices, following the Economic Stabilization Act of 1970, <a href="https://www.cato.org/commentary/remembering-nixons-wage-price-controls">according</a> to the Cato Institute.
Read Also: <a href="https://feeds2.benzinga.com/personal-finance/24/08/40508841/oleary-on-harris-price-control-plan-thats-beyond-crazy-it-didnt-work-in-the-70s-it-wont-work-now">O&#8217;Leary On Harris&#8217; Price Control Plan: &#8216;That&#8217;s Beyond Crazy&#8217; – It Didn&#8217;t Work In The &#8217;70s, It Won&#8217;t Work Now</a>
There are countless other instances of governments imposing such legislation as far back as the days of the Roman Empire, <a href="https://cdn.mises.org/Forty%20Centuries%20of%20Wage%20and%20Price%20Controls%20How%20Not%20to%20Fight%20Inflation_2.pdf">according</a> to &#8220;Forty Centuries of Wages and Price Controls.&#8221;
Harris presented the price-gouging ban a week ago at <a href="https://www.benzinga.com/news/24/08/40387906/kamala-harris-plans-historic-federal-ban-on-corporate-price-gouging-in-food-and-grocery-industries">a campaign rally</a> in North Carolina. The plan includes sharper scrutiny on potential mergers between supermarkets and food producers, which leads to higher grocery prices as expenses are passed onto consumers.
Grocer association gave the proposal <a href="https://www.benzinga.com/news/24/08/40467624/harris-price-gouging-plan-faces-pushback-from-grocers-hurting-from-the-same-inflationary-pressure-as">the cold shoulder</a>. They argue that they face the same inflationary pressures that consumers do.
When enacted, price control legislation significantly impacts sectors that have a handful of dominant players, such as soda production, tire manufacture, wireless communications and retail.
Price Action: Soda producers saw gains and losses by Friday&#8217;s mid-afternoon trading.
<ul>
<li>The Coca-Cola Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) dipped 0.19% to $69.20</li>
<li>PepsiCo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) declined 0.60% to $174.69</li>
<li>Unilver PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UL#NYSE">UL</a>) gained 1.42% to $63.41</li>
</ul>
Tire makers also went in both directions on Wall Street on Friday.
<ul>
<li>The Goodyear Tire &amp; Rubber Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GT#NASDAQ">GT</a>) jumped 5.12% to $8.93</li>
<li>Bridgestone Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BRDCY#OTC">BRDCY</a>) gained 1.37% to $20.01</li>
<li>Group Michelin (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MGDDY#OTC">MGDDY</a>) slipped 0.81% to $19.54</li>
</ul>
Wireless communications providers trended upward. 
<ul>
<li>Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) gained 0.69% to $41.15</li>
<li>AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) went up 0.82% to $19.67</li>
<li>T-Mobile US, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) rose 0.73% to $197.88</li>
</ul>
Retailers also had a positive day into Friday&#8217;s mid-afternoon trading.
<ul>
<li>Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) improved 0.19% to $75.43</li>
<li>Amazon.com, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) rose 0.47% to $176.96</li>
<li>Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) climbed 0.68% to $157.88</li>
</ul>
Read Now: 
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<li><a href="https://www.benzinga.com/news/24/08/40430000/donald-trump-takes-one-point-lead-over-kamala-harris-in-new-national-poll-has-slim-lead-in-key-swing">Donald Trump Takes One-Point Lead Over Kamala Harris In New National Poll, Has Slim Lead In Key Swing State</a></li>
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Looking for a correction in wave {iv} to be near completion to the resume higher and complete higher degree wave 3, ideally at 80$.

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Dividend stocks provide reliable income streams, favorable tax rates, stability during economic downturns, and the potential for long-term portfolio growth. In this context, retirees may want to consider dividend-paying stocks like Coca-Cola (KO), Consolidated Edison (ED), and T. Rowe Price Group (TROW). Keep reading... Dividend stocks provide a reliable income stream essential for retirees seeking steady cash flow. Taxed at lower rates than ordinary income, they help reduce overall tax liability. With regular payments and the potential for growing dividends, companies with a consistent dividend history often demonstrate greater stability and resilience during economic downturns.
Therefore, retirees seeking consistent income might consider quality dividend stocks such as The Coca-Cola Company (<a href="https://stocknews.com/stock/KO/">KO</a>), Consolidated Edison, Inc. (<a href="https://stocknews.com/stock/ED/">ED</a>), and T. Rowe Price Group, Inc. (<a href="https://stocknews.com/stock/TROW/">TROW</a>).
Rising Middle East tensions and uncertainty over rate cuts are increasing demand for safe-haven assets like the U.S. dollar, highlighting geopolitical risks. In this environment, dividend stocks stand out for their resilience during market fluctuations, offering a reliable cushion against potential losses and a strong potential for long-term portfolio growth.
On the other hand, strong U.S. jobs data reveals the largest jump in nonfarm payrolls in six months, along with a lower unemployment rate and robust wage growth. The U.S. 10-year Treasury yield surpassed 4%, boosting market sentiment. Meanwhile, the Federal Reserve is anticipated to cut interest rates by <a href="https://www.reuters.com/markets/currencies/dollar-roll-after-us-jobs-data-middle-east-flare-up-2024-10-07/">25 basis points</a>, potentially providing further economic support.
Hence, dividend stocks across sectors like beverages, utilities, and asset management offer portfolio diversification while reinvesting dividends can compound returns, providing retirees with enhanced long-term financial security. Considering these conducive trends, let's analyze the fundamental aspects of the three dividend picks.
The Coca-Cola Company (<a href="https://stocknews.com/stock/KO/">KO</a>) 
KO manufactures, markets, and sells various non-alcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors, water, sports, coffee, tea, juice, value-added dairy, plant-based beverages, and other beverages.
On September 17, 2024, KO and Bacardi Limited announced plans to launch a BACARDÍ rum and Coca-Cola ready-to-drink pre-mixed cocktail in 2025. The initial rollout will be in select European markets and Mexico.
On August 8, 2024, KO's Fanta and Warner Bros. Pictures announced a global partnership, launching a limited-edition Beetlejuice-inspired Fanta flavor ahead of the movie "Beetlejuice Beetlejuice," releasing in September. The special edition flavor will be available in over 50 markets with exclusive access to themed experiences.
In terms of the trailing-12-month Return on Total Assets, KO's 10.52% is 151.6% higher than the 4.18% industry average. Its 32.08% trailing-12-month <a href="https://www.investopedia.com/terms/e/ebitda-margin.asp">EBITDA margin</a> is 144.7% higher than the 13.11% industry average. Also, its 4.37% trailing-12-month Capex/Sales is 35.2% higher than the 3.23% industry average.
KO has paid dividends for 61 consecutive years.  Its annual dividend is $1.94, which translates to a yield of 2.76% at the current share price. Its four-year average dividend yield is 2.97%. Moreover, the company's dividend payouts have increased at a CAGR of 4.7% over the past three years.
KO's net operating revenues for the second quarter ended June 28, 2024, increased 3.3% year-over-year to $12.36 billion. Similarly, its operating income was $2.63 billion, up 9.6% year-over-year. The company's non-GAAP net income amounted to $3.62 billion, a 6.8% increase from the previous year. Additionally, the company's non-GAAP EPS grew 7.7% year-over-year to $0.84.
Street expects KO's EPS for the quarter ended September 30, 2024, to increase marginally year-over-year to $0.75.  Its revenue for the quarter ending March 31, 2025, is expected to rise 3.2% year-over-year to $11.59 billion. It surpassed the consensus EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 29.9% to close the last trading session at $69.01.
KO's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect strong prospects. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It is ranked #20 out of 35 stocks in the B-rated <a href="https://stocknews.com/category/beverages/">Beverages</a> industry. It has a B grade for Stability and Quality. <a href="https://stocknews.com/stock/KO/">Click here</a> to see KO's ratings for Growth, Value, Momentum, and Sentiment.
Consolidated Edison, Inc. (<a href="https://stocknews.com/stock/ED/">ED</a>)
ED and its subsidiaries engage in regulated electric, gas, and steam delivery businesses. It provides electric services to approximately 3.70 million customers in New York City and Westchester County; gas services to about 1.10 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam services to around 1,530 customers in parts of Manhattan.
On July 18, 2024, ED declared a quarterly dividend of 83 cents per share on its common stock, payable on September 16, 2024, to shareholders of record as of August 14, 2024.
In terms of the trailing-12-month gross profit margin, ED's 52.50% is 17% higher than the 44.89% industry average. Its 4.43% trailing-12-month Return on Total Capital is 10% higher than the 4.03% industry average. Also, its 0.22x trailing-12-month asset turnover ratio is 3.7% higher than the 0.22x industry average.
ED pays an annual dividend of $3.32, which translates to a yield of 3.22% at the current share price. Its four-year average dividend yield is 3.67%. In addition, the company's dividend payouts have increased at a CAGR of 2.2% over the past three years. ED has paid dividends for the past 49 years.
In the second quarter ended June 30, 2024, ED's total operating revenues increased by 10.5% year-over-year to $3.22 billion. During the same period, the company's adjusted earnings were $203 million, or $0.59 per share.
For the quarter ended September 30, 2024, ED's EPS and revenue are expected to increase 1.1% and 5% year-over-year to $1.64 and $4.06 billion, respectively. ED surpassed the Street EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 17.1% to close the last trading session at $101.14.
ED's robust outlook is reflected in its POWR Ratings. ED has a B grade for Momentum. Within the <a href="https://stocknews.com/category/utilities-domestic/">Utilities - Domestic</a> industry, it is ranked #11 out of 59 stocks. To see ED's ratings for Growth, Value, Stability, Sentiment, and Quality ratings, <a href="https://stocknews.com/stock/ED/">click here</a>.
Rowe Price Group, Inc. (<a href="https://stocknews.com/stock/TROW/">TROW</a>)
TROW is a publicly owned investment manager. The firm provides services to individuals, institutional investors, retirement plans, financial intermediaries, and other institutions. It launches and manages equity and fixed-income mutual funds and invests in public equity and fixed-income markets globally. The firm employs both fundamental and quantitative analysis, using a bottom-up approach.
On September 10, 2024, TROW launched Personalized Retirement Manager (PRM), an industry-first service combining target date strategies with full personalization. PRM uses personal data to create tailored asset allocations, helping participants achieve better retirement outcomes, and can be selected as a Qualified Default Investment Alternative (QDIA) by plan sponsors.
In terms of the trailing-12-month Return on Common Equity, TROW's 19.77% is 90.8% higher than the 10.36% industry average. Its 26.35% trailing-12-month levered FCF margin is 45.8% higher than the 18.07% industry average. In addition, its 0.53x trailing-12-month asset turnover ratio is 145.5% higher than the industry average of 0.22x.
TROW's annualized dividend of $4.96 per share translates to a dividend yield of 4.57% on the current share price. Its four-year average yield is 3.97%. Its dividend payouts have increased at a CAGR of 6.1% over the past three years. Also, TROW has paid dividends for 37 consecutive years.
During the second quarter that ended on June 30, 2024, TROW's net revenues increased 7.6% year-over-year to $1.73 billion. Its adjusted net operating income grew 9.8% from the prior year to $654.90 million. Similarly, the company's adjusted net income attributable to TROW and adjusted EPS were $519.70 million and $2.26, up 11.4% and 11.9%, respectively, from the prior year's quarter.
Analysts expect TROW's EPS for the quarter ended September 30, 2024, to increase 6% year-over-year to $2.30. Its revenue for the same quarter is expected to grow 9.9% year-over-year to $1.84 billion. It surpassed the consensus EPS estimates in three of the trailing four quarters. TROW's stock has gained 4.7% over the past year to close the last trading session at $106.63.
TROW's strong fundamentals are reflected in its POWR Ratings. It has a B grade for Quality. Within the <a href="https://stocknews.com/category/asset-management/">Asset Management</a> industry, it is ranked #15 out of 47 stocks. To access TROW's grades for Growth, Value, Momentum, Stability, and Sentiment, <a href="https://stocknews.com/stock/TROW/">click here</a>.
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KO shares were trading at $69.07 per share on Tuesday afternoon, up $0.06 (+0.09%). Year-to-date, KO has gained 19.88%, versus a 21.47% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/ko-ed-trow-3-dividend-stocks-for-retirees-seeking-consistent-income/>3 Dividend Stocks for Retirees Seeking Consistent Income</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Dividend Stocks for Retirees Seeking Consistent Income

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