Gould Asset Management LLC CA bought a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,157 shares of the company’s stock, valued at approximately $419,000.
Other large investors have also modified their holdings of the company. Ascentis Independent Advisors acquired a new stake in shares of Coca-Cola Consolidated during the first quarter worth $31,000. Torren Management LLC acquired a new position in Coca-Cola Consolidated in the 4th quarter valued at $29,000. Morse Asset Management Inc acquired a new position in Coca-Cola Consolidated in the 4th quarter valued at $31,000. Ballast Advisors LLC purchased a new position in Coca-Cola Consolidated during the 1st quarter worth $38,000. Finally, Quarry LP purchased a new position in Coca-Cola Consolidated during the 3rd quarter worth $25,000. Hedge funds and other institutional investors own 48.24% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on COKE. Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Wednesday, June 24th. Wall Street Zen cut shares of Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Coca-Cola Consolidated has an average rating of “Buy”.
Coca-Cola Consolidated Price Performance
Shares of NASDAQ:COKE opened at $189.11 on Monday. The firm has a market capitalization of $12.59 billion, a price-to-earnings ratio of 25.08 and a beta of 0.55. The business’s 50 day simple moving average is $184.81 and its 200-day simple moving average is $184.70. Coca-Cola Consolidated, Inc. has a 12 month low of $110.60 and a 12 month high of $219.65.
Coca-Cola Consolidated (NASDAQ:COKE – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $2.83 earnings per share for the quarter. The firm had revenue of $2.05 billion during the quarter. Coca-Cola Consolidated had a negative return on equity of 1,041.59% and a net margin of 7.15%.
Coca-Cola Consolidated Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Friday, July 24th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, July 24th. This represents a $1.00 annualized dividend and a yield of 0.5%. Coca-Cola Consolidated’s dividend payout ratio is 13.26%.
Coca-Cola Consolidated Company Profile
Founded in 1902 and headquartered in Charlotte, North Carolina, Coca-Cola Consolidated, Inc is the largest independent bottler of Coca-Cola products in the United States. The company manufactures, sells and distributes a broad portfolio of sparkling and still beverages under exclusive agreements with The Coca-Cola Company. Its brand lineup includes Coca-Cola, Diet Coke, Sprite and Fanta, as well as noncarbonated offerings such as Minute Maid juices, Gold Peak teas, Dasani water, Powerade sports drinks and vitaminwater.
Coca-Cola Consolidated’s operations span 14 states and the District of Columbia across the Southeastern, South Central and Mid-Atlantic regions.
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