KBC Group NV Purchases 1,269 Shares of Coca-Cola Consolidated, Inc. $COKE

KBC Group NV boosted its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 551.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,499 shares of the company’s stock after purchasing an additional 1,269 shares during the period. KBC Group NV’s holdings in Coca-Cola Consolidated were worth $167,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its stake 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 acquiring an additional 252 shares during the last quarter. Cerity Partners LLC raised 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 purchasing an additional 359 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Coca-Cola Consolidated by 33.2% in the first quarter. Victory Capital Management Inc. now owns 11,310 shares of the company’s stock worth $15,268,000 after purchasing an additional 2,821 shares in the last quarter. IFP Advisors Inc grew its holdings 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 worth $1,889,000 after purchasing an additional 65 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Coca-Cola Consolidated during the first quarter worth $824,000. 48.24% of the stock is owned by institutional investors.

Coca-Cola Consolidated Stock Up 1.3%

Shares of NASDAQ COKE opened at $163.66 on Thursday. Coca-Cola Consolidated, Inc. has a 1 year low of $105.21 and a 1 year high of $164.91. The firm’s 50-day moving average is $129.43 and its 200-day moving average is $126.65. The company has a current ratio of 2.04, a quick ratio of 1.78 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $13.98 billion, a PE ratio of 23.30 and a beta of 0.69.

Coca-Cola Consolidated Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 7th. Shareholders 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 yield of 0.6%. The ex-dividend date of this dividend was Friday, October 24th. Coca-Cola Consolidated’s payout ratio is currently 14.25%.

Wall Street Analyst Weigh In

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