Intech Investment Management LLC Has $3.40 Million Stock Position in Coca-Cola Consolidated, Inc. $COKE

Intech Investment Management LLC boosted its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 1,031.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 30,404 shares of the company’s stock after buying an additional 27,716 shares during the period. Intech Investment Management LLC’s holdings in Coca-Cola Consolidated were worth $3,395,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. OLD Point Trust & Financial Services N A increased its stake 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 valued at $31,000 after buying an additional 252 shares during the last quarter. Harbour Investments Inc. raised its holdings in 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 acquiring an additional 300 shares during the period. Eukles Asset Management lifted its holdings in Coca-Cola Consolidated by 900.0% during the 2nd quarter. Eukles Asset Management now owns 340 shares of the company’s stock worth $38,000 after purchasing an additional 306 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Coca-Cola Consolidated by 2,442.9% in the second quarter. Parkside Financial Bank & Trust now owns 356 shares of the company’s stock valued at $40,000 after acquiring an additional 342 shares during the period. Finally, Beacon Capital Management LLC increased its holdings in shares of 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 purchasing an additional 362 shares during the period. Institutional investors and hedge funds own 48.24% of the company’s stock.

Analyst Upgrades and Downgrades

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

Coca-Cola Consolidated Trading Up 1.2%

NASDAQ COKE opened at $161.53 on Wednesday. Coca-Cola Consolidated, Inc. has a one year low of $105.21 and a one year high of $162.67. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.78. The business’s fifty day moving average is $128.58 and its 200-day moving average is $126.39. The stock has a market capitalization of $13.80 billion, a price-to-earnings ratio of 23.00 and a beta of 0.69.

Coca-Cola Consolidated Dividend Announcement

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

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.