CocaCola Company (The) $KO Shares Sold by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC reduced its holdings in CocaCola Company (The) (NYSE:KO) by 57.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 88,323 shares of the company’s stock after selling 121,065 shares during the quarter. Foundations Investment Advisors LLC’s holdings in CocaCola were worth $5,858,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of KO. Norges Bank acquired a new position in CocaCola in the second quarter valued at approximately $3,846,270,000. Vanguard Group Inc. boosted its position in CocaCola by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 367,441,971 shares of the company’s stock valued at $25,996,519,000 after purchasing an additional 6,241,163 shares during the period. Laurel Wealth Advisors LLC grew its stake in CocaCola by 7,239.2% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 6,149,632 shares of the company’s stock worth $435,086,000 after buying an additional 6,065,840 shares during the last quarter. Assenagon Asset Management S.A. increased its position in CocaCola by 343.3% in the third quarter. Assenagon Asset Management S.A. now owns 4,486,096 shares of the company’s stock worth $297,518,000 after buying an additional 3,474,015 shares during the period. Finally, Schroder Investment Management Group increased its position in CocaCola by 28.7% in the second quarter. Schroder Investment Management Group now owns 11,713,984 shares of the company’s stock worth $828,764,000 after buying an additional 2,613,316 shares during the period. Institutional investors own 70.26% of the company’s stock.

Insider Activity at CocaCola

In related news, EVP Nancy Quan sold 31,625 shares of CocaCola stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $71.17, for a total transaction of $2,250,751.25. Following the transaction, the executive vice president directly owned 223,330 shares of the company’s stock, valued at $15,894,396.10. The trade was a 12.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Manuel Arroyo sold 139,689 shares of the company’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $70.80, for a total transaction of $9,889,981.20. Following the completion of the sale, the executive vice president directly owned 58,067 shares of the company’s stock, valued at $4,111,143.60. The trade was a 70.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 211,704 shares of company stock valued at $15,005,595 over the last 90 days. 0.97% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Wells Fargo & Company upped their price target on shares of CocaCola from $75.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Bank of America boosted their target price on shares of CocaCola from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, November 7th. UBS Group restated a “buy” rating on shares of CocaCola in a research note on Friday, December 5th. Barclays reissued an “overweight” rating on shares of CocaCola in a report on Thursday, October 23rd. Finally, Piper Sandler lifted their target price on CocaCola from $80.00 to $81.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company’s stock. According to MarketBeat, CocaCola currently has a consensus rating of “Buy” and a consensus target price of $79.69.

CocaCola Stock Performance

KO opened at $73.39 on Friday. The business has a 50 day moving average price of $70.83 and a two-hundred day moving average price of $69.46. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.21 and a quick ratio of 1.00. The company has a market capitalization of $315.70 billion, a price-to-earnings ratio of 24.30, a price-to-earnings-growth ratio of 3.75 and a beta of 0.39. CocaCola Company has a 1-year low of $62.35 and a 1-year high of $74.38.

CocaCola Profile

The Coca‑Cola Company (NYSE: KO) is a global beverage manufacturer, marketer and distributor best known for its flagship Coca‑Cola soda. Headquartered in Atlanta, Georgia, the company develops and sells concentrates, syrups and finished beverages across a broad portfolio of brands. Its product range spans sparkling soft drinks, bottled water, sports drinks, juices, ready‑to‑drink teas and coffees, and other still beverages, marketed under both global and regional brand names.

Coca‑Cola’s brand portfolio includes widely recognized names such as Coca‑Cola, Diet Coke, Coca‑Cola Zero Sugar, Sprite, Fanta, Minute Maid, Powerade and Dasani, and in recent years the company has expanded into the coffee and premium beverage categories through acquisitions such as Costa Coffee.