5 Best Beverage Stocks To Buy Now

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1. Coca-Cola Co 

Coca-Cola Co (NYSE: KO) is one of the biggest beverage companies in the world, with a market cap of $225 billion. Morgan Stanley analyst Dara Mohsenian recently said in a report that Coca-Cola will be one of the strongest post-COVID growth stories. The analyst has an Overweight rating for the stock. Wells Fargo also gave bullish comments for Coca-Cola stock, with a $62 price target. Wells Fargo analyst Chris Carey said the coronavirus pandemic caused a shift in consumer behaviors, but the demand never fell for Coca-Coca. Carey believes the company will reach back to its pre-pandemic growth levels by 2023.

Coca-Cola tops the 10 best beverage stocks to buy now list, as 60 hedge funds tracked by Insider Monkey are bullish on the stock, as of the end of the third quarter. These funds collectively own about $22 billion worth of Coke stock.

Please also see 10 Best High Dividend Stocks To Buy Now and 10 Best Cheap Stocks To Buy Now.

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