CSM Advisors LLC Buys New Stake in Coca-Cola Consolidated, Inc. $COKE

CSM Advisors LLC bought a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,360 shares of the company’s stock, valued at approximately $263,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. CW Advisors LLC raised its stake in shares of Coca-Cola Consolidated by 5.4% during the first quarter. CW Advisors LLC now owns 194 shares of the company’s stock valued at $262,000 after purchasing an additional 10 shares in the last quarter. Resona Asset Management Co. Ltd. increased its stake in Coca-Cola Consolidated by 2.7% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 455 shares of the company’s stock valued at $614,000 after buying an additional 12 shares during the period. SBI Securities Co. Ltd. increased its stake in Coca-Cola Consolidated by 10.8% during the 1st quarter. SBI Securities Co. Ltd. now owns 164 shares of the company’s stock valued at $221,000 after buying an additional 16 shares during the period. Kovitz Investment Group Partners LLC raised its position in shares of Coca-Cola Consolidated by 1.9% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 952 shares of the company’s stock worth $1,285,000 after buying an additional 18 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in shares of Coca-Cola Consolidated by 58.3% in the 1st quarter. Allworth Financial LP now owns 57 shares of the company’s stock worth $79,000 after acquiring an additional 21 shares during the period. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Performance

Shares of NASDAQ COKE opened at $152.28 on Wednesday. The stock’s fifty day simple moving average is $124.67 and its 200 day simple moving average is $125.27. The stock has a market capitalization of $13.23 billion, a price-to-earnings ratio of 21.68 and a beta of 0.69. 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 52-week low of $105.21 and a 52-week high of $154.44.

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

Coca-Cola Consolidated Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Friday, October 24th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, October 24th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is presently 14.25%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Wall Street Zen upgraded shares of Coca-Cola Consolidated from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Weiss Ratings upgraded Coca-Cola Consolidated from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Coca-Cola Consolidated currently has a consensus 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.