I know why people like to see stock splits. But I am trying to understand why companies that are actively engaged in buying back stock would split their shares and double the outstanding count. Can anyone shed light on this? This does not have to be singled to KO, but since it is timely, I thought it would make sense on this board.
While thinking of KO though- had they been buying back stock to offset corporate stock options and pay packages?
Disclaimer-- I do not currently own any shares of KO or actively research the company. I saw the headline and started thinking about the topic. I apologize in advance if these details are blatantly obvious in their financials, but as I've said, I'm not active with KO.