8,547 Shares in Coca-Cola Consolidated, Inc. $COKE Purchased by OneAscent Wealth Management LLC

OneAscent Wealth Management LLC acquired a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,547 shares of the company’s stock, valued at approximately $954,000.

A number of other large investors also recently bought and sold shares of COKE. Linden Thomas Advisory Services LLC lifted its position in shares of Coca-Cola Consolidated by 3.5% during the first quarter. Linden Thomas Advisory Services LLC now owns 265 shares of the company’s stock valued at $358,000 after buying an additional 9 shares during the last quarter. CW Advisors LLC raised its stake in Coca-Cola Consolidated by 5.4% in the 1st quarter. CW Advisors LLC now owns 194 shares of the company’s stock worth $262,000 after acquiring an additional 10 shares during the last quarter. Resona Asset Management Co. Ltd. raised its stake in shares of Coca-Cola Consolidated by 2.7% in the first quarter. Resona Asset Management Co. Ltd. now owns 455 shares of the company’s stock worth $614,000 after purchasing an additional 12 shares during the last quarter. SBI Securities Co. Ltd. lifted its holdings in Coca-Cola Consolidated by 10.8% in the first quarter. SBI Securities Co. Ltd. now owns 164 shares of the company’s stock valued at $221,000 after acquiring an additional 16 shares during the period. Finally, Kovitz Investment Group Partners LLC lifted its holdings in Coca-Cola Consolidated by 1.9% in the first quarter. Kovitz Investment Group Partners LLC now owns 952 shares of the company’s stock valued at $1,285,000 after acquiring an additional 18 shares during the period. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Up 0.6%

Coca-Cola Consolidated stock opened at $135.61 on Friday. The firm has a market capitalization of $11.78 billion, a P/E ratio of 19.31 and a beta of 0.69. The company has a current ratio of 2.04, a quick ratio of 1.78 and a debt-to-equity ratio of 0.88. Coca-Cola Consolidated, Inc. has a twelve month low of $105.21 and a twelve month high of $146.09. The stock’s fifty day simple moving average is $122.99 and its 200-day simple moving average is $125.29.

Coca-Cola Consolidated (NASDAQ:COKE) last released its earnings results on Wednesday, October 29th. The company reported $2.06 earnings per share for the quarter. The firm had revenue of $1.89 billion for the quarter. Coca-Cola Consolidated had a net margin of 8.66% and a return on equity of 44.03%.

Coca-Cola Consolidated Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, October 24th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, October 24th. Coca-Cola Consolidated’s payout ratio is 14.25%.

Analysts Set New Price Targets

COKE has been the topic of a number of research analyst reports. Weiss Ratings raised shares of Coca-Cola Consolidated from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Wall Street Zen upgraded Coca-Cola Consolidated from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Coca-Cola Consolidated has a consensus rating of “Buy”.

Coca-Cola Consolidated Profile

Coca-Cola Consolidated, Inc, together with its subsidiaries, manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages; and still beverages, including energy products, as well as noncarbonated beverages comprising bottled water, ready to drink coffee and tea, enhanced water, juices, and sports drinks.