Universal Beteiligungs und Servicegesellschaft mbH Has $2.47 Million Stock Holdings in Coca-Cola Consolidated, Inc. $COKE

Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 1,535.1% in the 2nd quarter, Holdings Channel reports. The firm owned 22,090 shares of the company’s stock after acquiring an additional 20,739 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Coca-Cola Consolidated were worth $2,466,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. increased its stake in shares of Coca-Cola Consolidated by 18.0% in the 1st 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 during the last quarter. Avantax Advisory Services Inc. boosted its stake in Coca-Cola Consolidated by 18.5% in the first quarter. Avantax Advisory Services Inc. now owns 237 shares of the company’s stock valued at $319,000 after buying an additional 37 shares in the last quarter. Cetera Investment Advisers grew its position in Coca-Cola Consolidated by 1.6% in the first quarter. Cetera Investment Advisers now owns 1,806 shares of the company’s stock valued at $2,439,000 after acquiring an additional 28 shares during the last quarter. Assetmark Inc. grew its position in Coca-Cola Consolidated by 2.0% in the first quarter. Assetmark Inc. now owns 1,845 shares of the company’s stock valued at $2,491,000 after acquiring an additional 36 shares during the last quarter. Finally, LPL Financial LLC raised its stake in Coca-Cola Consolidated by 3.8% during the first quarter. LPL Financial LLC now owns 5,324 shares of the company’s stock worth $7,187,000 after acquiring an additional 197 shares in the last quarter. 48.24% of the stock is currently owned by institutional investors.

Coca-Cola Consolidated Trading Up 0.1%

Shares of COKE stock opened at $161.75 on Tuesday. The firm has a market capitalization of $13.82 billion, a P/E ratio of 23.03 and a beta of 0.69. Coca-Cola Consolidated, Inc. has a twelve month low of $105.21 and a twelve month high of $166.21. The company has a quick ratio of 1.78, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. The stock’s fifty day simple moving average is $131.80 and its 200 day simple moving average is $127.66.

Coca-Cola Consolidated Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, 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. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average 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.