Trivium Point Advisory LLC bought a new position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE – Free Report) during the second quarter, Holdings Channel.com reports. The firm bought 24,174 shares of the company’s stock, valued at approximately $1,965,000.
Several other hedge funds have also added to or reduced their stakes in the company. Quarry LP bought a new position in shares of Coca-Cola Consolidated in the 3rd quarter worth $25,000. Advisory Services Network LLC acquired a new stake in Coca-Cola Consolidated during the 3rd quarter worth approximately $25,000. J.Safra Asset Management Corp bought a new position in Coca-Cola Consolidated in the second quarter valued at approximately $26,000. Newbridge Financial Services Group Inc. lifted its stake in Coca-Cola Consolidated by 900.0% in the second quarter. Newbridge Financial Services Group Inc. now owns 230 shares of the company’s stock valued at $26,000 after buying an additional 207 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Coca-Cola Consolidated by 900.0% in the second quarter. Geneos Wealth Management Inc. now owns 250 shares of the company’s stock valued at $28,000 after buying an additional 225 shares during the period. Institutional investors own 48.24% of the company’s stock.
Coca-Cola Consolidated Price Performance
Shares of COKE opened at $189.11 on Monday. The firm has a market capitalization of $12.59 billion, a PE ratio of 25.08 and a beta of 0.55. The company’s 50-day moving average is $184.81 and its 200-day moving average is $184.70. Coca-Cola Consolidated, Inc. has a fifty-two week low of $110.60 and a fifty-two week high of $219.65.
Coca-Cola Consolidated Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Friday, July 24th were issued a dividend of $0.25 per share. 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 payout ratio is 13.26%.
Analyst Ratings Changes
A number of research firms recently issued reports on COKE. Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Consolidated in a report on Wednesday, June 24th. Wall Street Zen cut Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Coca-Cola Consolidated 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
- The Metals Company’s Big Bet Now Comes Down to a License
- OneSpaWorld Keeps Turning Cruise Demand Into Record Earnings
- Meta and Tesla Are Rebounding From Oversold Levels—Now What?
- AMG’s Alternatives Boom Powers Record Growth
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.
