YANKCOM Partnership Purchases New Position in The Coca-Cola Company (NYSE:KO)

YANKCOM Partnership purchased a new stake in The Coca-Cola Company (NYSE:KO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,975 shares of the company’s stock, valued at approximately $185,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Brookstone Capital Management raised its position in shares of Coca-Cola by 2.8% in the third quarter. Brookstone Capital Management now owns 81,458 shares of the company’s stock valued at $5,854,000 after buying an additional 2,216 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of Coca-Cola during the 3rd quarter valued at $338,000. CWM LLC increased its position in shares of Coca-Cola by 9.4% in the third quarter. CWM LLC now owns 434,719 shares of the company’s stock worth $31,239,000 after purchasing an additional 37,483 shares during the period. Hexagon Capital Partners LLC raised its stake in Coca-Cola by 1.2% in the third quarter. Hexagon Capital Partners LLC now owns 16,865 shares of the company’s stock valued at $1,212,000 after purchasing an additional 208 shares in the last quarter. Finally, Wedmont Private Capital raised its stake in Coca-Cola by 4.2% in the third quarter. Wedmont Private Capital now owns 44,557 shares of the company’s stock valued at $3,075,000 after purchasing an additional 1,813 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on KO. 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. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $69.00 price target on shares of Coca-Cola in a research note on Thursday. Morgan Stanley dropped their price target on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. Barclays dropped 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, JPMorgan Chase & Co. decreased their target price on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Coca-Cola has an average rating of “Moderate Buy” and a consensus target price of $72.19.

Coca-Cola Stock Performance

NYSE:KO opened at $63.37 on Friday. The stock’s 50-day moving average is $62.56 and its 200-day moving average is $66.34. The Coca-Cola Company has a 1-year low of $57.93 and a 1-year high of $73.53. The stock has a market cap of $272.96 billion, a P/E ratio of 26.18, a price-to-earnings-growth ratio of 3.56 and a beta of 0.61. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53.

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.