TrinityBridge Ltd Takes Position in Coca-Cola Consolidated, Inc. $COKE

TrinityBridge Ltd purchased a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKEFree Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 235,742 shares of the company’s stock, valued at approximately $19,151,000. TrinityBridge Ltd owned 0.35% of Coca-Cola Consolidated as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of COKE. Quarry LP bought a new position in Coca-Cola Consolidated in the 3rd quarter valued at $25,000. Advisory Services Network LLC bought a new stake in shares of Coca-Cola Consolidated during the third quarter worth $25,000. J.Safra Asset Management Corp bought a new stake in shares of Coca-Cola Consolidated during the second quarter worth $26,000. Newbridge Financial Services Group Inc. boosted its stake in shares of Coca-Cola Consolidated by 900.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 230 shares of the company’s stock valued at $26,000 after purchasing an additional 207 shares during the period. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Coca-Cola Consolidated by 900.0% during the second quarter. Geneos Wealth Management Inc. now owns 250 shares of the company’s stock valued at $28,000 after purchasing an additional 225 shares during the period. 48.24% of the stock is owned by institutional investors.

Coca-Cola Consolidated Stock Up 0.4%

COKE opened at $187.60 on Friday. The stock’s fifty day moving average is $184.97 and its two-hundred day moving average is $185.75. The company has a market capitalization of $12.49 billion, a P/E ratio of 24.88 and a beta of 0.55. Coca-Cola Consolidated, Inc. has a 52 week low of $110.60 and a 52 week high of $219.65.

Coca-Cola Consolidated (NASDAQ:COKEGet Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $2.83 earnings per share for the quarter. Coca-Cola Consolidated had a negative return on equity of 1,041.59% and a net margin of 7.15%.The business had revenue of $2.05 billion during the quarter.

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 issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, July 24th. Coca-Cola Consolidated’s payout ratio is presently 13.26%.

Wall Street Analyst Weigh In

COKE has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy”.

Get Our Latest Stock Report on Coca-Cola Consolidated

About Coca-Cola Consolidated

(Free Report)

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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Institutional Ownership by Quarter for Coca-Cola Consolidated (NASDAQ:COKE)

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