Visionary Wealth Advisors purchased a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 100,644 shares of the company's stock, valued at approximately $8,179,000. Visionary Wealth Advisors owned approximately 0.15% of Coca-Cola Consolidated at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Cullen Capital Management LLC purchased a new stake in Coca-Cola Consolidated during the 2nd quarter worth approximately $722,000. Whalen Wealth Management Inc. purchased a new position in shares of Coca-Cola Consolidated in the second quarter valued at approximately $866,000. Dearborn Partners LLC purchased a new position in shares of Coca-Cola Consolidated in the second quarter valued at approximately $3,690,000. Trail Ridge Investment Advisors LLC acquired a new stake in shares of Coca-Cola Consolidated in the second quarter worth approximately $324,000. Finally, Ames National Corp acquired a new stake in shares of Coca-Cola Consolidated in the second quarter worth approximately $374,000. 48.24% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts recently commented on COKE shares. Wall Street Zen downgraded Coca-Cola Consolidated from a "buy" rating to a "hold" rating in a research note 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 research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy".
Read Our Latest Analysis on Coca-Cola Consolidated
Coca-Cola Consolidated Trading Up 1.9%
Shares of NASDAQ COKE opened at $192.60 on Tuesday. The stock has a market cap of $12.82 billion, a PE ratio of 25.54 and a beta of 0.55. Coca-Cola Consolidated, Inc. has a 12-month low of $110.60 and a 12-month high of $219.65. The company has a 50-day moving average of $185.14 and a 200 day moving average of $186.25.
Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $2.83 earnings per share for the quarter. The business had revenue of $2.05 billion for the quarter. Coca-Cola Consolidated had a net margin of 7.15% and a negative return on equity of 1,041.59%.
Coca-Cola Consolidated Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Friday, July 24th were issued 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 dividend payout ratio (DPR) is currently 13.26%.
About Coca-Cola Consolidated
(
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Coca-Cola Consolidated, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Coca-Cola Consolidated wasn't on the list.
While Coca-Cola Consolidated currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
