Onyx Bridge Wealth Group LLC Sells 258 Shares of The Coca-Cola Company (NYSE:KO)

Onyx Bridge Wealth Group LLC lowered its holdings in shares of The Coca-Cola Company (NYSE:KO) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,737 shares of the company’s stock after selling 258 shares during the period. Onyx Bridge Wealth Group LLC’s holdings in Coca-Cola were worth $357,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of KO. Hara Capital LLC bought a new stake in Coca-Cola during the third quarter worth about $35,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in Coca-Cola during the third quarter worth about $36,000. Retirement Wealth Solutions LLC purchased a new position in Coca-Cola in the fourth quarter worth about $37,000. MilWealth Group LLC purchased a new position in Coca-Cola in the fourth quarter worth about $40,000. Finally, MidAtlantic Capital Management Inc. purchased a new position in Coca-Cola in the third quarter worth about $43,000. Institutional investors own 70.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on KO. Piper Sandler decreased their target price on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. JPMorgan Chase & Co. 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 report on Tuesday, January 28th. UBS Group decreased their target price on shares of Coca-Cola from $82.00 to $72.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft raised shares of Coca-Cola from a “hold” rating to a “buy” rating and lifted their target price for the stock from $68.00 to $70.00 in a report on Thursday, December 12th. Finally, Truist Financial lifted 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. Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Coca-Cola presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.19.

Coca-Cola Stock Performance

Shares of NYSE KO opened at $63.37 on Friday. The firm has a 50 day moving average of $62.56 and a 200 day moving average of $66.34. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53. The firm has a market capitalization of $272.96 billion, a price-to-earnings ratio of 26.18, a price-to-earnings-growth ratio of 3.56 and a beta of 0.61. The Coca-Cola Company has a 12-month low of $57.93 and a 12-month high of $73.53.

About Coca-Cola

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.