Coca-Cola Consolidated (NASDAQ:COKE) Upgraded by Weiss Ratings to Buy (B-) Rating

Key Points

• Coca-Cola Consolidated was upgraded from a "hold" (C+) rating to a "buy" (B-) rating by Weiss Ratings, signaling increased confidence in the stock.
• The company's stock price increased by 0.1%, reaching $119.93, and has a market capitalization of $10.42 billion.
• Recent investor activity showed several large investors increasing their stakes in Coca-Cola Consolidated, with 48.24% of stock currently owned by institutional investors.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) was upgraded by Weiss Ratings from a "hold (c+)" rating to a "buy (b-)" rating in a research note issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen raised shares of Coca-Cola Consolidated from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Coca-Cola Consolidated has an average rating of "Buy".

Coca-Cola Consolidated Stock Up 0.1%

Coca-Cola Consolidated stock traded up $0.11 during trading hours on Wednesday, hitting $119.93. The stock had a trading volume of 356,850 shares, compared to its average volume of 655,186. The company has a quick ratio of 1.78, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $10.42 billion, a P/E ratio of 17.89 and a beta of 0.70. Coca-Cola Consolidated has a 12-month low of $105.21 and a 12-month high of $146.09. The stock's 50-day moving average price is $116.95 and its 200-day moving average price is $126.21.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $2.24 earnings per share (EPS) for the quarter. The business had revenue of $1.86 billion during the quarter. Coca-Cola Consolidated had a net margin of 8.43% and a return on equity of 44.91%.

Institutional Trading of Coca-Cola Consolidated

Several large investors have recently added to or reduced their stakes in COKE. UMB Bank n.a. grew its position in Coca-Cola Consolidated by 70.6% during the first quarter. UMB Bank n.a. now owns 87 shares of the company's stock valued at $117,000 after buying an additional 36 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Coca-Cola Consolidated by 27.4% in the first quarter. Farther Finance Advisors LLC now owns 200 shares of the company's stock worth $278,000 after purchasing an additional 43 shares during the period. Pallas Capital Advisors LLC bought a new position in shares of Coca-Cola Consolidated in the first quarter worth approximately $444,000. GAMMA Investing LLC boosted its position in shares of Coca-Cola Consolidated by 29.8% in the first quarter. GAMMA Investing LLC now owns 135 shares of the company's stock worth $182,000 after purchasing an additional 31 shares during the period. Finally, Fifth Third Bancorp boosted its position in shares of Coca-Cola Consolidated by 40.9% in the first quarter. Fifth Third Bancorp now owns 62 shares of the company's stock worth $84,000 after purchasing an additional 18 shares during the period. 48.24% of the stock is currently owned by institutional investors.

Coca-Cola Consolidated Company Profile

Coca-Cola Consolidated, Inc, together with its subsidiaries, manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages; and still beverages, including energy products, as well as noncarbonated beverages comprising bottled water, ready to drink coffee and tea, enhanced water, juices, and sports drinks.

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