Bard Associates Inc. purchased a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE – Free Report) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 3,979 shares of the company’s stock, valued at approximately $325,000.
Several other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Coca-Cola Consolidated during the 2nd quarter valued at $26,229,118,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Coca-Cola Consolidated in the 2nd quarter worth about $1,591,427,000. Deutsche Bank AG purchased a new position in shares of Coca-Cola Consolidated during the 2nd quarter worth about $1,346,125,000. B. Metzler seel. Sohn & Co. AG bought a new position in Coca-Cola Consolidated during the 2nd quarter valued at about $272,683,000. Finally, Commerzbank Aktiengesellschaft FI purchased a new position in shares of Coca-Cola Consolidated during the second quarter valued at approximately $147,857,000. Hedge funds and other institutional investors own 48.24% of the company’s stock.
Coca-Cola Consolidated Price Performance
COKE opened at $189.10 on Friday. The company’s 50 day simple moving average is $185.00 and its two-hundred day simple moving average is $185.77. The firm has a market capitalization of $12.59 billion, a price-to-earnings ratio of 25.08 and a beta of 0.55. Coca-Cola Consolidated, Inc. has a 1-year low of $110.60 and a 1-year high of $219.65.
Coca-Cola Consolidated Announces Dividend
The business also recently declared 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. The ex-dividend date of this dividend was Friday, July 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. Coca-Cola Consolidated’s dividend payout ratio is 13.26%.
Analyst Upgrades and Downgrades
COKE has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Wednesday, June 24th. Wall Street Zen downgraded Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy”.
Get Our Latest Stock Report on Coca-Cola Consolidated
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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