Almanack Investment Partners LLC. Buys 7,459 Shares of The Coca-Cola Company (NYSE:KO)

Almanack Investment Partners LLC. increased its stake in The Coca-Cola Company (NYSE:KO) by 87.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,966 shares of the company’s stock after buying an additional 7,459 shares during the period. Almanack Investment Partners LLC.’s holdings in Coca-Cola were worth $994,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in Coca-Cola during the 3rd quarter valued at about $338,000. CWM LLC boosted its position in shares of Coca-Cola by 9.4% in the 3rd quarter. CWM LLC now owns 434,719 shares of the company’s stock worth $31,239,000 after purchasing an additional 37,483 shares in the last quarter. Watts Gwilliam & Co. LLC purchased a new stake in shares of Coca-Cola in the 3rd quarter worth approximately $683,000. Worth Asset Management LLC bought a new position in Coca-Cola during the 3rd quarter valued at approximately $205,000. Finally, Stolper Co raised its stake in Coca-Cola by 0.4% during the third quarter. Stolper Co now owns 100,810 shares of the company’s stock valued at $7,244,000 after buying an additional 355 shares during the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Trading Up 0.8 %

Shares of KO stock opened at $63.84 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53. The Coca-Cola Company has a 12-month low of $57.93 and a 12-month high of $73.53. The stock’s 50-day moving average price is $62.54 and its 200-day moving average price is $66.32. The stock has a market capitalization of $275.03 billion, a price-to-earnings ratio of 26.38, a price-to-earnings-growth ratio of 3.56 and a beta of 0.61.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on KO shares. JPMorgan Chase & Co. reduced their price target on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday, January 28th. Royal Bank of Canada reissued an “outperform” rating and set a $69.00 price target on shares of Coca-Cola in a report on Thursday. TD Cowen raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Wednesday, January 8th. Wells Fargo & Company reduced their price target on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Finally, UBS Group cut their target price on shares of Coca-Cola from $82.00 to $72.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $72.19.

Coca-Cola Company Profile

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.