Capital Square LLC Invests $759,000 in Coca-Cola Consolidated, Inc. $COKE

Capital Square LLC acquired a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKEFree Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 9,088 shares of the company’s stock, valued at approximately $759,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Coca-Cola Consolidated during the 2nd quarter worth approximately $26,229,118,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Coca-Cola Consolidated in the 2nd quarter valued at $1,591,427,000. GQG Partners LLC acquired a new stake in shares of Coca-Cola Consolidated during the second quarter worth $1,494,498,000. Deutsche Bank AG acquired a new stake in shares of Coca-Cola Consolidated during the second quarter worth $1,346,125,000. Finally, Vanguard Group Inc. raised its stake in Coca-Cola Consolidated by 6.4% during the fourth quarter. Vanguard Group Inc. now owns 5,686,058 shares of the company’s stock worth $871,673,000 after buying an additional 341,374 shares during the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on COKE. Wall Street Zen downgraded Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Read Our Latest Stock Analysis on COKE

Coca-Cola Consolidated Price Performance

NASDAQ:COKE opened at $189.10 on Monday. Coca-Cola Consolidated, Inc. has a twelve month low of $110.60 and a twelve month high of $219.65. The company has a fifty day moving average of $185.00 and a 200-day moving average of $185.99. The firm has a market capitalization of $12.59 billion, a P/E ratio of 25.08 and a beta of 0.55.

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

Coca-Cola Consolidated Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Friday, July 24th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, July 24th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. Coca-Cola Consolidated’s dividend payout ratio is 13.26%.

Coca-Cola Consolidated Company Profile

(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.

Further Reading

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

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