Foundations Investment Advisors LLC Buys 9,517 Shares of The Coca-Cola Company (NYSE:KO)

Foundations Investment Advisors LLC increased its position in The Coca-Cola Company (NYSE:KO - Free Report) by 17.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Magnolia Capital Advisors LLC bought a new stake in Coca-Cola in the second quarter valued at about $1,837,000. William B. Walkup & Associates Inc. bought a new stake in shares of Coca-Cola in the 2nd quarter valued at approximately $968,000. Wallace Advisory Group LLC raised its position in shares of Coca-Cola by 4.4% during the 2nd quarter. Wallace Advisory Group LLC now owns 7,446 shares of the company's stock valued at $474,000 after acquiring an additional 315 shares in the last quarter. Second Line Capital LLC lifted its stake in Coca-Cola by 18.5% during the second quarter. Second Line Capital LLC now owns 7,810 shares of the company's stock worth $501,000 after purchasing an additional 1,221 shares during the last quarter. Finally, Invst LLC boosted its holdings in Coca-Cola by 5.2% in the second quarter. Invst LLC now owns 33,324 shares of the company's stock worth $2,109,000 after purchasing an additional 1,645 shares during the period. 70.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Coca-Cola news, CEO James Quincey sold 100,000 shares of the 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 transaction, the chief executive officer now owns 342,546 shares in the company, valued at $21,933,220.38. This trade represents a 22.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.97% of the stock is currently owned by corporate insiders.

Coca-Cola Stock Down 2.4 %

Shares of Coca-Cola stock traded down $1.53 on Tuesday, hitting $62.34. 14,935,967 shares of the company traded hands, compared to its average volume of 16,871,191. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.53. The Coca-Cola Company has a 12-month low of $57.93 and a 12-month high of $73.53. The company has a 50-day moving average price of $62.66 and a 200 day moving average price of $66.42. The company has a market cap of $268.55 billion, a PE ratio of 25.76, a PEG ratio of 3.38 and a beta of 0.61.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on KO shares. Truist Financial increased their target price on shares of Coca-Cola from $70.00 to $80.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Piper Sandler cut their target price on shares of Coca-Cola from $74.00 to $73.00 and set an "overweight" rating on the stock in a report on Thursday, January 23rd. Barclays lowered their target price on 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 cut their price target on Coca-Cola from $75.00 to $70.00 and set an "overweight" rating on the stock in a report on Tuesday, January 7th. Finally, TD Cowen upgraded Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price objective for the company in a research note on Wednesday, January 8th. Two analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Coca-Cola has a consensus rating of "Moderate Buy" and a consensus price target of $71.93.

Coca-Cola 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.