First Command Advisory Services Inc. Acquires 845 Shares of Coca-Cola Consolidated, Inc. $COKE

First Command Advisory Services Inc. grew its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 804.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 950 shares of the company’s stock after purchasing an additional 845 shares during the quarter. First Command Advisory Services Inc.’s holdings in Coca-Cola Consolidated were worth $106,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of COKE. Diversified Trust Co boosted its stake in shares of Coca-Cola Consolidated by 900.0% in the 2nd quarter. Diversified Trust Co now owns 1,462,487 shares of the company’s stock valued at $163,287,000 after purchasing an additional 1,316,233 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in Coca-Cola Consolidated by 265,541.3% during the 1st quarter. Jones Financial Companies Lllp now owns 502,062 shares of the company’s stock worth $677,784,000 after buying an additional 501,873 shares during the period. Truist Financial Corp raised its holdings in Coca-Cola Consolidated by 902.4% during the 2nd quarter. Truist Financial Corp now owns 289,493 shares of the company’s stock worth $32,322,000 after buying an additional 260,612 shares during the period. Vaughan Nelson Investment Management L.P. raised its holdings in Coca-Cola Consolidated by 548.0% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 226,905 shares of the company’s stock worth $25,334,000 after buying an additional 191,887 shares during the period. Finally, Kintegral Advisory LLC acquired a new stake in Coca-Cola Consolidated during the 2nd quarter worth approximately $20,649,000. Institutional investors own 48.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on COKE shares. Wall Street Zen upgraded shares of Coca-Cola Consolidated from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Weiss Ratings upgraded shares of Coca-Cola Consolidated from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Coca-Cola Consolidated Price Performance

NASDAQ COKE opened at $128.17 on Tuesday. The company has a quick ratio of 1.78, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. Coca-Cola Consolidated, Inc. has a 12-month low of $105.21 and a 12-month high of $146.09. The company has a market capitalization of $11.14 billion, a PE ratio of 19.12 and a beta of 0.70. The firm’s 50 day moving average is $120.72 and its 200-day moving average is $125.67.

Coca-Cola Consolidated Announces Dividend

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

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.