Geode Capital Management LLC Has $145.40 Million Stock Position in Coca-Cola Consolidated, Inc. $COKE

Geode Capital Management LLC boosted its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 882.9% during the second quarter, Holdings Channel reports. The fund owned 1,302,088 shares of the company’s stock after acquiring an additional 1,169,611 shares during the period. Geode Capital Management LLC’s holdings in Coca-Cola Consolidated were worth $145,398,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of COKE. Envestnet Asset Management Inc. increased its holdings in shares of Coca-Cola Consolidated by 18.0% in the first quarter. Envestnet Asset Management Inc. now owns 1,652 shares of the company’s stock valued at $2,231,000 after purchasing an additional 252 shares in the last quarter. Cerity Partners LLC boosted its position in Coca-Cola Consolidated by 217.6% in the 1st quarter. Cerity Partners LLC now owns 524 shares of the company’s stock valued at $707,000 after buying an additional 359 shares during the last quarter. CWM LLC increased its stake in shares of Coca-Cola Consolidated by 309.4% in the 1st quarter. CWM LLC now owns 782 shares of the company’s stock valued at $1,056,000 after buying an additional 591 shares during the period. Victory Capital Management Inc. raised its position in shares of Coca-Cola Consolidated by 33.2% during the first quarter. Victory Capital Management Inc. now owns 11,310 shares of the company’s stock worth $15,268,000 after acquiring an additional 2,821 shares during the last quarter. Finally, IFP Advisors Inc lifted its stake in shares of Coca-Cola Consolidated by 4.9% during the first quarter. IFP Advisors Inc now owns 1,398 shares of the company’s stock valued at $1,889,000 after acquiring an additional 65 shares during the period. 48.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on COKE. Wall Street Zen upgraded Coca-Cola Consolidated from a “hold” rating to a “buy” rating in a research 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 research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Coca-Cola Consolidated Trading Up 1.2%

NASDAQ:COKE opened at $161.53 on Wednesday. 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 1-year low of $105.21 and a 1-year high of $162.67. The firm has a market capitalization of $13.80 billion, a price-to-earnings ratio of 23.00 and a beta of 0.69. The business’s 50-day moving average price is $128.58 and its two-hundred day moving average price is $126.39.

Coca-Cola Consolidated Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Friday, October 24th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, October 24th. This represents a $1.00 annualized dividend and a yield of 0.6%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is presently 14.25%.

About Coca-Cola Consolidated

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.