Pacific Wealth Strategies Group Inc. Has $1.39 Million Stock Holdings in The Coca-Cola Company (NYSE:KO)

Pacific Wealth Strategies Group Inc. grew its stake in shares of The Coca-Cola Company (NYSE:KO) by 1.6% during the 4th quarter, Holdings Channel reports. The firm owned 22,385 shares of the company’s stock after buying an additional 357 shares during the period. Coca-Cola comprises about 1.0% of Pacific Wealth Strategies Group Inc.’s investment portfolio, making the stock its 26th biggest position. Pacific Wealth Strategies Group Inc.’s holdings in Coca-Cola were worth $1,394,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hara Capital LLC bought a new position in shares of Coca-Cola in the 3rd quarter valued at about $35,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Coca-Cola during the 3rd quarter worth approximately $36,000. Retirement Wealth Solutions LLC bought a new position in Coca-Cola during the fourth quarter worth $37,000. MilWealth Group LLC bought a new position in shares of Coca-Cola in the fourth quarter valued at about $40,000. Finally, MidAtlantic Capital Management Inc. bought a new stake in shares of Coca-Cola during the 3rd quarter worth about $43,000. Institutional investors own 70.26% of the company’s stock.

Coca-Cola Stock Up 0.8 %

Shares of NYSE KO opened at $63.84 on Friday. The Coca-Cola Company has a 1 year low of $57.93 and a 1 year high of $73.53. 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 firm has a market cap of $275.03 billion, a PE ratio of 26.38, a price-to-earnings-growth ratio of 3.55 and a beta of 0.61. The company has a 50 day simple moving average of $62.53 and a 200 day simple moving average of $66.31.

Analyst Upgrades and Downgrades

KO has been the topic of a number of recent research reports. Piper Sandler lowered their target price on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Royal Bank of Canada restated an “outperform” rating and set a $69.00 target price on shares of Coca-Cola in a research report on Thursday. TD Cowen raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Wednesday, January 8th. UBS Group reduced their target price on Coca-Cola from $82.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Finally, Truist Financial raised their target price on shares of Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Coca-Cola presently has a consensus rating of “Moderate Buy” and an average target price of $72.19.

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.