Coca-Cola Consolidated's (COKE) "Buy (B-)" Rating Reiterated at Weiss Ratings

Key Points

• Coca-Cola Consolidated's stock maintains a strong "Buy (B-)" rating from Weiss Ratings, emphasizing confidence in the company's performance.
• Recently, Wall Street Zen upgraded Coca-Cola Consolidated from a "hold" to a "buy" rating, contributing to an overall average rating of "buy" for the stock.
• The company's recent quarterly earnings reported a revenue of $1.86 billion with earnings per share at $2.24, showcasing a solid net margin of 8.43%.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report)'s stock had its "buy (b-)" rating restated by stock analysts at Weiss Ratings in a report released on Friday,Weiss Ratings reports.

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

Coca-Cola Consolidated Stock Down 0.0%

NASDAQ:COKE traded down $0.05 on Friday, reaching $127.66. 323,165 shares of the stock traded hands, compared to its average volume of 478,020. The company has a market capitalization of $11.09 billion, a price-to-earnings ratio of 19.05 and a beta of 0.70. The company has a current ratio of 2.04, a quick ratio of 1.78 and a debt-to-equity ratio of 0.88. The company's fifty day simple moving average is $120.47 and its 200 day simple moving average is $125.82. Coca-Cola Consolidated has a 12 month low of $105.21 and a 12 month high of $146.09.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported $2.24 earnings per share for the quarter. The company 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 modified their holdings of COKE. Nomura Asset Management Co. Ltd. grew its holdings in shares of Coca-Cola Consolidated by 900.0% in the second quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the company's stock worth $26,000 after acquiring an additional 207 shares during the period. Newbridge Financial Services Group Inc. grew its stake 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 valued at $26,000 after purchasing an additional 207 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of 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 purchasing an additional 225 shares during the period. Rakuten Securities Inc. grew its stake in shares of Coca-Cola Consolidated by 1,646.7% during the 2nd quarter. Rakuten Securities Inc. now owns 262 shares of the company's stock valued at $29,000 after purchasing an additional 247 shares during the period. Finally, True Wealth Design LLC grew its stake in shares of Coca-Cola Consolidated by 25,200.0% during the 3rd quarter. True Wealth Design LLC now owns 253 shares of the company's stock valued at $30,000 after purchasing an additional 252 shares during the period. Institutional investors own 48.24% of the company's stock.

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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