Advisors Preferred LLC Cuts Stake in The Coca-Cola Company (NYSE:KO)

Advisors Preferred LLC reduced its position in The Coca-Cola Company (NYSE:KO) by 8.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,917 shares of the company’s stock after selling 626 shares during the quarter. Advisors Preferred LLC’s holdings in Coca-Cola were worth $428,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Kingsview Wealth Management LLC grew its holdings in shares of Coca-Cola by 2.0% during the fourth quarter. Kingsview Wealth Management LLC now owns 74,676 shares of the company’s stock valued at $4,649,000 after buying an additional 1,491 shares during the last quarter. Apollon Wealth Management LLC boosted its holdings in Coca-Cola by 27.4% in the fourth quarter. Apollon Wealth Management LLC now owns 133,355 shares of the company’s stock valued at $8,303,000 after purchasing an additional 28,672 shares during the last quarter. Almanack Investment Partners LLC. boosted its holdings in Coca-Cola by 87.7% in the fourth quarter. Almanack Investment Partners LLC. now owns 15,966 shares of the company’s stock valued at $994,000 after purchasing an additional 7,459 shares during the last quarter. Mezzasalma Advisors LLC boosted its holdings in Coca-Cola by 41.2% in the fourth quarter. Mezzasalma Advisors LLC now owns 6,756 shares of the company’s stock valued at $421,000 after purchasing an additional 1,972 shares during the last quarter. Finally, TFG Advisers LLC boosted its holdings in Coca-Cola by 2.0% in the fourth quarter. TFG Advisers LLC now owns 27,207 shares of the company’s stock valued at $1,694,000 after purchasing an additional 526 shares during the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Stock Up 0.8 %

KO stock opened at $63.84 on Friday. The firm has a 50-day moving average of $62.53 and a two-hundred day moving average of $66.31. The Coca-Cola Company has a 12 month low of $57.93 and a 12 month high of $73.53. 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 company has a market cap of $275.03 billion, a price-to-earnings ratio of 26.38, a PEG ratio of 3.55 and a beta of 0.61.

Analysts Set New Price Targets

KO has been the topic of several recent research reports. Barclays lowered their price target on shares of Coca-Cola from $73.00 to $66.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Royal Bank of Canada reiterated an “outperform” rating and issued a $69.00 price objective on shares of Coca-Cola in a research report on Thursday. Morgan Stanley decreased their price objective on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. Truist Financial upped their price objective on shares of Coca-Cola from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Piper Sandler decreased their price objective on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Coca-Cola currently has a consensus rating of “Moderate Buy” and an average price target 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.