Advisors Preferred LLC Has $428,000 Stock Position in The Coca-Cola Company (NYSE:KO)

Advisors Preferred LLC lowered its holdings in shares of The Coca-Cola Company (NYSE:KO) by 8.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,917 shares of the company’s stock after selling 626 shares during the period. Advisors Preferred LLC’s holdings in Coca-Cola were worth $428,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Ferguson Shapiro LLC increased its holdings in Coca-Cola by 26.2% in the 3rd quarter. Ferguson Shapiro LLC now owns 12,191 shares of the company’s stock worth $876,000 after purchasing an additional 2,533 shares in the last quarter. Walker Financial Services Inc. increased its holdings in Coca-Cola by 5.6% in the 3rd quarter. Walker Financial Services Inc. now owns 28,181 shares of the company’s stock worth $2,025,000 after purchasing an additional 1,500 shares in the last quarter. Juncture Wealth Strategies LLC acquired a new stake in shares of Coca-Cola in the third quarter valued at about $320,000. LongView Wealth Management increased its stake in shares of Coca-Cola by 0.7% in the third quarter. LongView Wealth Management now owns 43,373 shares of the company’s stock valued at $3,117,000 after buying an additional 312 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Coca-Cola by 49.3% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 126,017 shares of the company’s stock valued at $9,054,000 after buying an additional 41,630 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised Coca-Cola from a “hold” rating to a “buy” rating and increased their price target for the company from $68.00 to $70.00 in a research note on Thursday, December 12th. Piper Sandler decreased their price target on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. TD Cowen raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Wednesday, January 8th. Barclays decreased their price target on Coca-Cola from $73.00 to $66.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $69.00 target price on shares of Coca-Cola in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $72.19.

Coca-Cola Stock Performance

Coca-Cola stock opened at $63.84 on Friday. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90. The Coca-Cola Company has a 1-year low of $57.93 and a 1-year high of $73.53. The firm has a market capitalization of $275.03 billion, a P/E ratio of 26.38, a price-to-earnings-growth ratio of 3.55 and a beta of 0.61. The company’s 50-day moving average is $62.53 and its 200 day moving average is $66.31.

About Coca-Cola

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.