Uniting Wealth Partners LLC purchased a new position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 34,687 shares of the company’s stock, valued at approximately $2,837,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp increased its stake in Coca-Cola Consolidated by 836.9% in the 2nd quarter. State Street Corp now owns 1,729,065 shares of the company’s stock valued at $193,050,000 after buying an additional 1,544,516 shares during the period. Norges Bank acquired a new stake in shares of Coca-Cola Consolidated in the 4th quarter worth $222,408,000. AQR Capital Management LLC lifted its stake in shares of Coca-Cola Consolidated by 1,270.8% in the 2nd quarter. AQR Capital Management LLC now owns 1,185,937 shares of the company’s stock worth $131,906,000 after acquiring an additional 1,099,421 shares during the period. First Trust Advisors LP lifted its stake in shares of Coca-Cola Consolidated by 42.1% in the 4th quarter. First Trust Advisors LP now owns 2,037,083 shares of the company’s stock worth $312,285,000 after acquiring an additional 603,513 shares during the period. Finally, ABN AMRO Bank N.V. purchased a new stake in shares of Coca-Cola Consolidated in the second quarter valued at about $47,608,000. 48.24% of the stock is currently owned by hedge funds and other institutional investors.
Coca-Cola Consolidated Stock Performance
Shares of COKE opened at $189.11 on Monday. Coca-Cola Consolidated, Inc. has a twelve month low of $110.60 and a twelve month high of $219.65. The firm has a market capitalization of $12.59 billion, a P/E ratio of 25.08 and a beta of 0.55. The firm’s 50-day moving average is $184.81 and its two-hundred day moving average is $184.70.
Coca-Cola Consolidated Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Friday, July 24th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Friday, July 24th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is presently 13.26%.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on COKE shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Wednesday, June 24th. Wall Street Zen downgraded shares of Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Coca-Cola Consolidated currently has an average rating of “Buy”.
Get Our Latest Report on Coca-Cola Consolidated
About Coca-Cola Consolidated
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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