5,034 Shares in Coca-Cola Consolidated, Inc. $COKE Purchased by Requisite Capital Management LLC

Requisite Capital Management LLC bought a new position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKEFree Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,034 shares of the company’s stock, valued at approximately $412,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Focused Wealth Management Inc acquired a new position in shares of Coca-Cola Consolidated in the second quarter valued at approximately $305,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Coca-Cola Consolidated in the second quarter worth $1,591,427,000. Persistent Asset Partners Ltd bought a new position in Coca-Cola Consolidated in the 2nd quarter valued at about $74,000. OneDigital Investment Advisors LLC acquired a new position in Coca-Cola Consolidated during the second quarter valued at approximately $7,334,000. Finally, Bell Investment Advisors Inc acquired a new position in shares of Coca-Cola Consolidated during the 2nd quarter worth $471,000. Institutional investors and hedge funds own 48.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Wednesday, June 24th. Wall Street Zen cut Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Coca-Cola Consolidated presently has an average rating of “Buy”.

Read Our Latest Research Report on Coca-Cola Consolidated

Coca-Cola Consolidated Trading Down 1.5%

Shares of COKE stock opened at $186.21 on Tuesday. The firm has a fifty day simple moving average of $184.96 and a two-hundred day simple moving average of $184.96. The firm has a market capitalization of $12.39 billion, a PE ratio of 24.70 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 (NASDAQ:COKEGet Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $2.83 earnings per share for the quarter. The company had revenue of $2.05 billion for the quarter. Coca-Cola Consolidated had a net margin of 7.15% and a negative return on equity of 1,041.59%.

Coca-Cola Consolidated Announces Dividend

The company 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. The ex-dividend date 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 currently 13.26%.

Coca-Cola Consolidated 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.

See Also

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

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