Silvant Capital Management LLC acquired a new position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 5,209 shares of the company’s stock, valued at approximately $423,000.
Several other large investors have also modified their holdings of COKE. Ascentis Independent Advisors acquired a new stake in Coca-Cola Consolidated during the 1st quarter worth $31,000. Torren Management LLC purchased a new stake in Coca-Cola Consolidated in the fourth quarter valued at $29,000. Morse Asset Management Inc acquired a new position in Coca-Cola Consolidated in the fourth quarter valued at $31,000. Ballast Advisors LLC acquired a new position in Coca-Cola Consolidated in the first quarter valued at $38,000. Finally, Quarry LP purchased a new position in shares of Coca-Cola Consolidated during the third quarter worth about $25,000. Institutional investors and hedge funds own 48.24% of the company’s stock.
Coca-Cola Consolidated Price Performance
Shares of Coca-Cola Consolidated stock opened at $189.10 on Friday. The firm’s fifty day simple moving average is $185.00 and its 200-day simple moving average is $185.77. The stock has a market capitalization of $12.59 billion, a price-to-earnings ratio of 25.08 and a beta of 0.55. Coca-Cola Consolidated, Inc. has a 12 month low of $110.60 and a 12 month high of $219.65.
Coca-Cola Consolidated Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Friday, July 24th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, July 24th. Coca-Cola Consolidated’s dividend payout ratio is presently 13.26%.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on the company. Wall Street Zen cut Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a research report 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 research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.
Check Out Our Latest Stock Report on COKE
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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