Leigh Baldwin & CO. LLC acquired a new position 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 and Exchange Commission (SEC). The fund acquired 5,777 shares of the company’s stock, valued at approximately $470,000.
Other large investors also recently made changes to their positions in the company. Osmosis Investment Management UK Ltd acquired a new stake in shares of Coca-Cola Consolidated in the second quarter valued at $16,768,000. Sanctuary Advisors LLC bought a new position in shares of Coca-Cola Consolidated in the second quarter valued at about $43,044,000. Covington Investment Advisors Inc. acquired a new position in Coca-Cola Consolidated during the 2nd quarter worth about $5,859,000. Saranac Partners Ltd acquired a new position in Coca-Cola Consolidated during the 2nd quarter worth about $597,000. Finally, Solstein Capital LLC bought a new stake in Coca-Cola Consolidated during the 2nd quarter worth about $291,000. Institutional investors own 48.24% of the company’s stock.
Coca-Cola Consolidated Price Performance
Shares of COKE opened at $189.10 on Monday. The stock’s fifty day simple moving average is $185.00 and its 200-day simple moving average is $185.99. The firm has a market capitalization of $12.59 billion, a PE 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 Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Friday, July 24th were paid a $0.25 dividend. This represents a $1.00 annualized dividend 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 (DPR) is 13.26%.
Analysts Set New Price Targets
Several equities research analysts have weighed in on the stock. Wall Street Zen cut shares of 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 note on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy”.
Check Out Our Latest Analysis 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.
Featured Articles
- Five stocks we like better than Coca-Cola Consolidated
- VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You?
- 3 Closed-End Funds to Maximize Dividend Payments
- Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy?
- $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over
Want to see what other hedge funds are holding COKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coca-Cola Consolidated, Inc. (NASDAQ:COKE – Free Report).
Receive News & Ratings for Coca-Cola Consolidated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola Consolidated and related companies with MarketBeat.com's FREE daily email newsletter.
