Foundations Investment Advisors LLC Grows Stock Holdings in The Coca-Cola Company (NYSE:KO)

Foundations Investment Advisors LLC lifted its position in The Coca-Cola Company (NYSE:KO) by 17.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 63,763 shares of the company’s stock after buying an additional 9,517 shares during the period. Foundations Investment Advisors LLC’s holdings in Coca-Cola were worth $3,970,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Quarry LP acquired a new stake in Coca-Cola in the second quarter worth about $27,000. Hara Capital LLC acquired a new position in Coca-Cola during the 3rd quarter valued at approximately $35,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Coca-Cola in the third quarter worth $36,000. MidAtlantic Capital Management Inc. purchased a new position in Coca-Cola in the 3rd quarter worth $43,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Coca-Cola during the fourth quarter worth about $37,000. Institutional investors own 70.26% of the company’s stock.

Insider Buying and Selling

In related news, CEO James Quincey sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $64.03, for a total transaction of $6,403,000.00. Following the completion of the sale, the chief executive officer now directly owns 342,546 shares in the company, valued at approximately $21,933,220.38. The trade was a 22.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.97% of the company’s stock.

Analyst Upgrades and Downgrades

KO has been the topic of several research reports. UBS Group cut their price target on shares of Coca-Cola from $82.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Barclays reduced their target price on shares of Coca-Cola from $73.00 to $66.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Wells Fargo & Company decreased their target price 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. Truist Financial increased their price target on Coca-Cola from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Morgan Stanley decreased their price objective on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $72.07.

Coca-Cola Stock Performance

NYSE:KO opened at $63.84 on Tuesday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 1.06. The stock has a market capitalization of $275.03 billion, a PE ratio of 26.38, a P/E/G ratio of 3.38 and a beta of 0.61. The Coca-Cola Company has a fifty-two week low of $57.93 and a fifty-two week high of $73.53. The company has a fifty day moving average of $62.62 and a two-hundred day moving average of $66.41.

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.