Bank of Montreal Can Grows Stock Position in Coca-Cola Consolidated, Inc. $COKE

Bank of Montreal Can increased its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 6,157.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,533 shares of the company’s stock after acquiring an additional 74,326 shares during the period. Bank of Montreal Can owned about 0.09% of Coca-Cola Consolidated worth $8,433,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. OLD Point Trust & Financial Services N A boosted its position in Coca-Cola Consolidated by 900.0% in the 2nd quarter. OLD Point Trust & Financial Services N A now owns 280 shares of the company’s stock worth $31,000 after purchasing an additional 252 shares in the last quarter. Harbour Investments Inc. lifted its stake in shares of Coca-Cola Consolidated by 1,071.4% in the 2nd quarter. Harbour Investments Inc. now owns 328 shares of the company’s stock valued at $37,000 after purchasing an additional 300 shares during the period. Beacon Capital Management LLC boosted its holdings in Coca-Cola Consolidated by 905.0% during the second quarter. Beacon Capital Management LLC now owns 402 shares of the company’s stock worth $45,000 after buying an additional 362 shares in the last quarter. Sound Income Strategies LLC grew its position in Coca-Cola Consolidated by 905.0% during the second quarter. Sound Income Strategies LLC now owns 402 shares of the company’s stock valued at $45,000 after buying an additional 362 shares during the period. Finally, Semmax Financial Advisors Inc. purchased a new position in Coca-Cola Consolidated in the first quarter valued at $50,000. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Coca-Cola Consolidated Trading Up 1.6%

Shares of COKE opened at $137.78 on Monday. Coca-Cola Consolidated, Inc. has a 12-month low of $105.21 and a 12-month high of $146.09. The firm has a market capitalization of $11.97 billion, a P/E ratio of 19.62 and a beta of 0.69. The firm has a 50-day moving average price of $123.40 and a 200 day moving average price of $125.12. The company has a current ratio of 2.04, a quick ratio of 1.78 and a debt-to-equity ratio of 0.88.

Coca-Cola Consolidated (NASDAQ:COKE) last released its quarterly earnings data on Wednesday, October 29th. The company reported $2.06 EPS for the quarter. Coca-Cola Consolidated had a return on equity of 44.03% and a net margin of 8.66%.The firm had revenue of $1.89 billion for the quarter.

Coca-Cola Consolidated Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Friday, October 24th were issued a $0.25 dividend. The ex-dividend date was Friday, October 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. Coca-Cola Consolidated’s payout ratio is 14.25%.

Coca-Cola Consolidated Company 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.