Heartland Bank & Trust Co purchased a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE – Free Report) in the 2nd quarter, HoldingsChannel reports. The fund purchased 13,815 shares of the company’s stock, valued at approximately $1,123,000.
Several other institutional investors have also recently bought and sold shares of COKE. Quarry LP purchased a new stake in shares of Coca-Cola Consolidated in the third quarter worth approximately $25,000. Advisory Services Network LLC bought a new stake in Coca-Cola Consolidated in the 3rd quarter worth about $25,000. J.Safra Asset Management Corp purchased a new stake in Coca-Cola Consolidated in the 2nd quarter valued at about $26,000. Newbridge Financial Services Group Inc. lifted its position in shares of Coca-Cola Consolidated by 900.0% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 230 shares of the company’s stock worth $26,000 after buying an additional 207 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its position in Coca-Cola Consolidated by 900.0% during 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 and hedge funds own 48.24% of the company’s stock.
Coca-Cola Consolidated Stock Up 0.8%
NASDAQ:COKE opened at $189.10 on Friday. The stock has a market cap of $12.59 billion, a P/E ratio of 25.08 and a beta of 0.55. The business’s 50-day moving average price is $185.00 and its two-hundred day moving average price is $185.77. Coca-Cola Consolidated, Inc. has a twelve month low of $110.60 and a twelve month high of $219.65.
Coca-Cola Consolidated Announces Dividend
The business also recently disclosed 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 of this dividend was Friday, July 24th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is 13.26%.
Analyst Ratings Changes
A number of research firms have recently weighed in on COKE. Wall Street Zen downgraded shares of Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy”.
Read Our Latest Report on COKE
Coca-Cola Consolidated Company 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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