Reliant Investment Partners LLC acquired a new position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE – Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,088 shares of the company’s stock, valued at approximately $332,000.
Several other institutional investors have also added to or reduced their stakes in COKE. Vanguard Group Inc. raised its stake in shares of Coca-Cola Consolidated by 6.4% during the 4th quarter. Vanguard Group Inc. now owns 5,686,058 shares of the company’s stock worth $871,673,000 after purchasing an additional 341,374 shares in the last quarter. Catalyst Investment Management LLC bought a new position in shares of Coca-Cola Consolidated in the second quarter valued at $573,000. Horizon Investments LLC grew its stake in shares of Coca-Cola Consolidated by 1,655,666.7% in the fourth quarter. Horizon Investments LLC now owns 49,673 shares of the company’s stock valued at $7,602,000 after buying an additional 49,670 shares in the last quarter. Vest Financial LLC increased its holdings in Coca-Cola Consolidated by 60.8% during the fourth quarter. Vest Financial LLC now owns 232,597 shares of the company’s stock worth $35,657,000 after buying an additional 87,912 shares during the last quarter. Finally, James Investment Research Inc. increased its holdings in Coca-Cola Consolidated by 62.2% during the fourth quarter. James Investment Research Inc. now owns 22,412 shares of the company’s stock worth $3,436,000 after buying an additional 8,593 shares during the last quarter. 48.24% of the stock is owned by institutional investors.
Analyst Ratings Changes
COKE has been the topic of several analyst reports. Wall Street Zen lowered 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 report on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy”.
Coca-Cola Consolidated Trading Up 0.4%
Shares of NASDAQ COKE opened at $187.60 on Friday. The company has a market capitalization of $12.49 billion, a P/E ratio of 24.88 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. The stock has a 50 day moving average of $184.97 and a 200-day moving average of $185.75.
Coca-Cola Consolidated (NASDAQ:COKE – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $2.83 earnings per share for the quarter. Coca-Cola Consolidated had a negative return on equity of 1,041.59% and a net margin of 7.15%.The business had revenue of $2.05 billion for the quarter.
Coca-Cola Consolidated Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Friday, July 24th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Friday, July 24th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is currently 13.26%.
Coca-Cola Consolidated Profile
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.
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