Korea Investment CORP Buys New Position in Coca-Cola Consolidated, Inc. $COKE

Korea Investment CORP purchased a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKEFree Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,463,048 shares of the company’s stock, valued at approximately $200,172,000. Korea Investment CORP owned 3.70% of Coca-Cola Consolidated as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Quarry LP bought a new position in Coca-Cola Consolidated in the 3rd quarter worth $25,000. Advisory Services Network LLC bought a new stake in shares of Coca-Cola Consolidated during the 3rd quarter valued at about $25,000. J.Safra Asset Management Corp purchased a new position in shares of Coca-Cola Consolidated during the second quarter valued at about $26,000. Newbridge Financial Services Group Inc. increased its position in shares of Coca-Cola Consolidated by 900.0% during 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 during the period. Finally, Geneos Wealth Management Inc. boosted its position in Coca-Cola Consolidated by 900.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 250 shares of the company’s stock valued at $28,000 after acquiring an additional 225 shares in the last quarter. Institutional investors own 48.24% of the company’s stock.

Wall Street Analyst Weigh In

COKE has been the subject of several research reports. Wall Street Zen lowered Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Consolidated in a report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Coca-Cola Consolidated presently has a consensus rating of “Buy”.

Check Out Our Latest Report on COKE

Coca-Cola Consolidated Stock Performance

Shares of NASDAQ COKE opened at $189.10 on Friday. The company has a 50 day simple moving average of $185.00 and a two-hundred day simple moving average of $185.77. Coca-Cola Consolidated, Inc. has a fifty-two week low of $110.60 and a fifty-two week high of $219.65. The company 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 (NASDAQ:COKEGet Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $2.83 EPS for the quarter. The firm had revenue of $2.05 billion for the quarter. Coca-Cola Consolidated had a negative return on equity of 1,041.59% and a net margin of 7.15%.

Coca-Cola Consolidated Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Friday, July 24th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, July 24th. Coca-Cola Consolidated’s 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.

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

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