Coca-Cola Consolidated, Inc. $COKE Shares Bought by Harbour Investments Inc.

Harbour Investments Inc. lifted its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 1,071.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 328 shares of the company’s stock after purchasing an additional 300 shares during the period. Harbour Investments Inc.’s holdings in Coca-Cola Consolidated were worth $37,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Mowery & Schoenfeld Wealth Management LLC grew its stake in shares of Coca-Cola Consolidated by 900.0% in the 2nd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 740 shares of the company’s stock worth $83,000 after purchasing an additional 666 shares during the last quarter. Axxcess Wealth Management LLC grew its stake in shares of Coca-Cola Consolidated by 831.5% in the 2nd quarter. Axxcess Wealth Management LLC now owns 2,189 shares of the company’s stock worth $244,000 after purchasing an additional 1,954 shares during the last quarter. Kintegral Advisory LLC acquired a new position in shares of Coca-Cola Consolidated in the 2nd quarter worth approximately $20,649,000. Vest Financial LLC grew its stake in shares of Coca-Cola Consolidated by 1,146.4% in the 2nd quarter. Vest Financial LLC now owns 33,017 shares of the company’s stock worth $3,686,000 after purchasing an additional 30,368 shares during the last quarter. Finally, Yousif Capital Management LLC grew its stake in shares of Coca-Cola Consolidated by 848.3% in the 2nd quarter. Yousif Capital Management LLC now owns 13,513 shares of the company’s stock worth $1,509,000 after purchasing an additional 12,088 shares during the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Performance

COKE stock opened at $127.66 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.78 and a current ratio of 2.04. The stock has a market cap of $11.09 billion, a P/E ratio of 19.05 and a beta of 0.70. The firm has a 50 day simple moving average of $120.47 and a 200 day simple moving average of $125.82. Coca-Cola Consolidated, Inc. has a 52 week low of $105.21 and a 52 week high of $146.09.

Coca-Cola Consolidated (NASDAQ:COKE) last posted its quarterly earnings results on Thursday, July 24th. The company reported $2.24 EPS for the quarter. The business had revenue of $1.86 billion during the quarter. Coca-Cola Consolidated had a net margin of 8.43% and a return on equity of 44.91%.

Coca-Cola Consolidated Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, October 24th will be paid a $0.25 dividend. The ex-dividend date is Friday, October 24th. This represents a $1.00 dividend on an annualized basis and a yield of 0.8%. Coca-Cola Consolidated’s payout ratio is 14.93%.

Analyst Ratings Changes

Several brokerages have recently issued reports on COKE. Wall Street Zen raised shares of Coca-Cola Consolidated from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Coca-Cola Consolidated in a report on Friday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy”.

Coca-Cola Consolidated Profile

Coca-Cola Consolidated, Inc, together with its subsidiaries, manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages; and still beverages, including energy products, as well as noncarbonated beverages comprising bottled water, ready to drink coffee and tea, enhanced water, juices, and sports drinks.