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KO

Coca-Cola

$46.54

0.5 (1.09%)

15:00
03/26/19
03/26
15:00
03/26/19
15:00

Defensive option play opened in Coke as shares advance

Defensive option play opened in Coke as shares advance. The stock up 1% to $46.50 and 14K Nov 41 - 50 risk-reversals sold at 14c. The position (bought puts, sold calls) trades 14.8K and expresses a cautious eight-month outlook for the stock. It comes as shares move higher for a third day, gaining 2.2% since Thursday. Still, Coke shares remain well below levels seen before an earnings gap move in mid-February, when it dropped 8.4% to $45.59 on 2/14 after the results. November options capture the next earnings cycles in April, July and October.

  • 23

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KO Coca-Cola
$46.54

0.5 (1.09%)

03/12/19
BMOC
03/12/19
DOWNGRADE
Target $62
BMOC
Market Perform
Monster Beverage downgraded to Market Perform from Outperform at BMO Capital
BMO Capital analyst Amit Sharma downgraded Monster Beverage (MNST) to Market Perform from Outperform with an unchanged price target of $62. The stock closed yesterday up 58c to $61.19. Monster's current valuation, both absolute and relative to peers, "may be as good it gets," Sharma tells investors in a research note. Due to an "unfavorable" sales/product mix and emerging competition in the U.S. from Bang, as well as "disappointing" margin progression abroad, the analyst sees limited ability for the company to meaningfully exceed expectations and justify a higher valuation multiple. Red Bull is not following Monster on its recent price and also appears to be expanding its price cuts to the larger single-serve segment in Walmart (WMT), the analyst contends. Further, he points out that Bang is now capturing nearly 40% of energy drinks growth. Lastly, Sharma sees a "dwindling likelihood" of the "long-hoped-for" buyout of Monster Beverage by Coca-Cola (KO).
03/12/19
HSBC
03/12/19
DOWNGRADE
HSBC
Hold
Coca-Cola downgraded to Hold from Buy at HSBC
03/12/19
HSBC
03/12/19
DOWNGRADE
Target $50
HSBC
Hold
Coca-Cola downgraded to Hold on valuation, bottler challenges at HSBC
As previously reported, HSBC analyst Carlos Laboy downgraded Coca-Cola to Hold from Buy, stating that in "trying to grow the pie," Coke is being required to drive revenues with low-margin brands that may take years to scale up. If the "brands that pay the bills" hardly grow and the ones that grow aren't profitable enough, "convincing bottlers to believe" gets harder, said the analyst, who contends that "if the bottlers aren't happy, nobody's happy." The analyst, who also cites valuation given Coca-Cola's new flat EPS guidance, lowered his price target on Coke shares to $50 from $64.
03/12/19
03/12/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Boeing (BA) downgraded to Hold from Buy at Edward Jones. 2. Monster Beverage (MNST) downgraded to Market Perform from Outperform at BMO Capital with analyst Amit Sharma saying Monster's current valuation, both absolute and relative to peers, "may be as good it gets." 3. Coca-Cola (KO) downgraded to Hold from Buy at HSBC with analyst Carlos Laboy saying in "trying to grow the pie," Coke is being required to drive revenues with low-margin brands that may take years to scale up. 4. HP Enterprise (HPE) downgraded to Sell from Neutral at UBS with analyst John Roy saying the company's on-premises hardware sales are being pressured by the growth in public cloud, while the "stock is expecting better." 5. F5 Networks (FFIV) downgraded to Neutral from Overweight at JPMorgan with analyst Samik Chatterjee saying the "expensive" acquisition of NGINX is "tough to digest" given the integration and execution risk. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

GOLD

Barrick Gold

$12.12

-0.07 (-0.57%)

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SE

Sea Limited

$25.38

-0.42 (-1.63%)

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SE

Sea Limited

$25.38

-0.42 (-1.63%)

19:02
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SNE

Sony

$51.01

-1.195 (-2.29%)

18:48
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Sony aims to bolster cash flow to better compete in chips, games, NAR says »

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OOMA

Ooma

$14.49

-0.45 (-3.01%)

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$14.49

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CVI

CVR Energy

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PVH Corp.

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-0.21 (-2.21%)

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TREX

Trex Company

$61.44

2.38 (4.03%)

18:45
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  • 13

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CRMT

America's Car-Mart

$101.76

1.74 (1.74%)

18:34
05/21/19
05/21
18:34
05/21/19
18:34
Earnings
America's Car-Mart reports Q4 EPS $2.07, consensus $1.82 »

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JCOM

j2 Global

$87.23

0.75 (0.87%)

18:25
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j2 Global CFO sells 5.6K shares of common stock »

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NVS

Novartis

$82.38

0.36 (0.44%)

18:24
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Novartis CEO: We are entering an exciting growth phase for the company »

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EADSY

Airbus

$0.00

(0.00%)

18:20
05/21/19
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18:20
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Airbus in talks to find resolution to German arms export row, Reuters says »

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AGRO

Adecogro

$6.50

0.07 (1.09%)

18:19
05/21/19
05/21
18:19
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18:19
Earnings
Adecogro reports Q1 adjusted EBITDA $58.3M, down 5.9% from last year »

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GOOG

Alphabet

$1,149.14

10.81 (0.95%)

, GOOGL

Alphabet Class A

$1,154.26

8.98 (0.78%)

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GOOG

Alphabet

$1,149.14

10.81 (0.95%)

GOOGL

Alphabet Class A

$1,154.26

8.98 (0.78%)

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HAIN

Hain Celestial

$23.90

0.45 (1.92%)

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NTDOY

Nintendo

$0.00

(0.00%)

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URBN

Urban Outfitters

$27.01

0.05 (0.19%)

17:44
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GLD

SPDR Gold Shares

$120.34

-0.31 (-0.26%)

17:42
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SPDR Gold Shares holdings rise to 739.69MT from 736.17MT »

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ASCMA

Ascent Capital

$0.91

0.0502 (5.87%)

17:38
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Ascent Capital and Monitronics International announce restructuring support pact »

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TRS

TriMas

$30.33

0.39 (1.30%)

17:33
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TriMas VP Joshua Sherbin sells over $646K in company shares »

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SUNW

Sunworks

$0.71

-0.1024 (-12.65%)

17:33
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Syndicate
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LFUS

Littelfuse

$170.78

1.7 (1.01%)

, SMTC

Semtech

$44.74

0.36 (0.81%)

17:32
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17:32
Initiation
Littelfuse, Semtech, CTS Corporation, Vishay initiated  »

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LFUS

Littelfuse

$170.78

1.7 (1.01%)

SMTC

Semtech

$44.74

0.36 (0.81%)

CTS

CTS Corporation

$27.91

0.33 (1.20%)

VSH

Vishay

$16.43

0.37 (2.30%)

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GVA

Granite Construction

$41.46

0.5 (1.22%)

17:31
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  • 06

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OMC

Omnicom

$80.09

0.69 (0.87%)

17:30
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Breaking Syndicate news story on Omnicom »

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TTEC

TTEC Holdings

$38.68

0.51 (1.34%)

17:26
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TTEC Holdings EVP DeGhetto sells 35K shares of common stock »

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TDW

Tidewater

$24.80

0.31 (1.27%)

17:25
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Tidewater director Dick Fagerstal purchases almost $107K shares of company stock »

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  • 21

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PTCT

PTC Therapeutics

$40.07

2.67 (7.14%)

17:16
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