The Coca-Cola Company (NYSE:KO) Shares Acquired by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC lifted its stake in The Coca-Cola Company (NYSE:KO) by 17.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 63,763 shares of the company’s stock after purchasing an additional 9,517 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Coca-Cola were worth $3,970,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in KO. Parsons Capital Management Inc. RI raised its stake in Coca-Cola by 390.3% during the fourth quarter. Parsons Capital Management Inc. RI now owns 118,162 shares of the company’s stock worth $7,357,000 after purchasing an additional 94,060 shares during the period. Heartland Bank & Trust Co increased its holdings in shares of Coca-Cola by 15.1% during the 4th quarter. Heartland Bank & Trust Co now owns 9,411 shares of the company’s stock worth $586,000 after buying an additional 1,236 shares during the last quarter. James Hambro & Partners LLP raised its position in shares of Coca-Cola by 2.7% during the 4th quarter. James Hambro & Partners LLP now owns 1,311,170 shares of the company’s stock valued at $81,666,000 after buying an additional 34,917 shares during the period. Mount Yale Investment Advisors LLC lifted its holdings in Coca-Cola by 44.8% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 14,656 shares of the company’s stock valued at $912,000 after acquiring an additional 4,535 shares during the last quarter. Finally, Ridgecrest Wealth Partners LLC grew its position in Coca-Cola by 0.6% in the fourth quarter. Ridgecrest Wealth Partners LLC now owns 29,758 shares of the company’s stock worth $1,853,000 after acquiring an additional 177 shares during the period. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Coca-Cola Price Performance

Shares of NYSE KO opened at $63.84 on Tuesday. The Coca-Cola Company has a 1-year low of $57.93 and a 1-year high of $73.53. The company has a market cap of $275.03 billion, a price-to-earnings ratio of 26.38, a price-to-earnings-growth ratio of 3.38 and a beta of 0.61. 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 stock’s 50-day moving average is $62.62 and its two-hundred day moving average is $66.41.

Insider Activity at Coca-Cola

In other Coca-Cola news, CEO James Quincey sold 100,000 shares of Coca-Cola stock in a transaction dated 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 of the company’s stock, valued at $21,933,220.38. The trade was a 22.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.97% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on KO. Morgan Stanley decreased their price target on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. Truist Financial upped their target price on shares of Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Barclays dropped their price target on shares of Coca-Cola from $73.00 to $66.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Wells Fargo & Company decreased their price objective on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Finally, UBS Group lowered their price objective 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 research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $72.07.

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.