denkapparat Operations GmbH Buys 2,364 Shares of Coca-Cola Consolidated, Inc. $COKE

denkapparat Operations GmbH increased its stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 1,206.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,560 shares of the company’s stock after buying an additional 2,364 shares during the period. denkapparat Operations GmbH’s holdings in Coca-Cola Consolidated were worth $286,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. KBC Group NV grew its holdings in shares of Coca-Cola Consolidated by 551.7% during the 2nd quarter. KBC Group NV now owns 1,499 shares of the company’s stock worth $167,000 after acquiring an additional 1,269 shares during the period. SBI Securities Co. Ltd. lifted its stake in shares of Coca-Cola Consolidated by 1,587.8% in the 2nd quarter. SBI Securities Co. Ltd. now owns 2,768 shares of the company’s stock valued at $309,000 after purchasing an additional 2,604 shares during the period. Boston Partners boosted its position in shares of Coca-Cola Consolidated by 942.2% during the second quarter. Boston Partners now owns 2,089,876 shares of the company’s stock valued at $233,345,000 after purchasing an additional 1,889,358 shares in the last quarter. Allworth Financial LP grew its stake in Coca-Cola Consolidated by 4,664.9% in the second quarter. Allworth Financial LP now owns 2,716 shares of the company’s stock worth $303,000 after purchasing an additional 2,659 shares during the period. Finally, Illinois Municipal Retirement Fund grew its stake in Coca-Cola Consolidated by 1,245.7% in the second quarter. Illinois Municipal Retirement Fund now owns 35,190 shares of the company’s stock worth $3,929,000 after purchasing an additional 32,575 shares during the period. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Stock Performance

COKE stock opened at $155.83 on Thursday. The stock’s 50 day simple moving average is $125.44 and its 200 day simple moving average is $125.49. 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, Inc. has a 12-month low of $105.21 and a 12-month high of $158.14. The stock has a market capitalization of $13.32 billion, a PE ratio of 22.19 and a beta of 0.69.

Coca-Cola Consolidated (NASDAQ:COKE) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $2.06 earnings per share for the quarter. The firm 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 business also recently declared a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Friday, October 24th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, October 24th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is presently 14.25%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on COKE shares. Weiss Ratings raised Coca-Cola Consolidated from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. 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. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

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.