11,698 Shares of Coca-Cola Consolidated, Inc. $COKE Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. bought a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,698 shares of the company's stock, valued at approximately $2,214,000.

Several other institutional investors also recently bought and sold shares of the business. Fortitude Family Office LLC lifted its holdings in shares of Coca-Cola Consolidated by 544.5% during the 3rd quarter. Fortitude Family Office LLC now owns 709 shares of the company's stock worth $134,000 after acquiring an additional 599 shares during the period. Mezzasalma Advisors LLC boosted its position in shares of Coca-Cola Consolidated by 53.0% in the third quarter. Mezzasalma Advisors LLC now owns 30,890 shares of the company's stock worth $5,847,000 after acquiring an additional 10,695 shares during the last quarter. RHS Financial LLC boosted its position in shares of Coca-Cola Consolidated by 5.6% in the third quarter. RHS Financial LLC now owns 1,558 shares of the company's stock worth $295,000 after acquiring an additional 83 shares during the last quarter. Affinity Capital Advisors LLC grew its holdings in Coca-Cola Consolidated by 4.0% in the third quarter. Affinity Capital Advisors LLC now owns 1,458 shares of the company's stock valued at $286,000 after purchasing an additional 56 shares during the period. Finally, Sax Wealth Advisors LLC purchased a new stake in Coca-Cola Consolidated in the third quarter valued at approximately $371,000. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on COKE. Wall Street Zen lowered shares of Coca-Cola Consolidated from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Weiss Ratings raised shares of Coca-Cola Consolidated from a "buy (b)" rating to a "buy (b+)" rating in a research note on Friday, October 16th. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock has an average rating of "Buy".

Coca-Cola Consolidated Price Performance

Coca-Cola Consolidated stock opened at $209.69 on Thursday. Coca-Cola Consolidated, Inc. has a 12-month low of $126.00 and a 12-month high of $219.65. The company has a market capitalization of $13.96 billion, a price-to-earnings ratio of 24.25 and a beta of 0.55. The firm's fifty day moving average price is $194.14 and its 200 day moving average price is $188.17.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last issued its quarterly earnings data 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 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 will be paid on Friday, November 6th. Investors of record on Friday, October 23rd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, October 23rd. Coca-Cola Consolidated's payout ratio is 13.26%.

Coca-Cola Consolidated Company Profile

Coca-Cola Consolidated, Inc is the largest Coca-Cola bottler in the United States. Based in Charlotte, North Carolina, the company produces, sells, markets and distributes a broad portfolio of nonalcoholic beverages for The Coca-Cola Company and other brand owners.

Its products include Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Sprite, Fanta, DASANI, smartwater, POWERADE, Minute Maid and fairlife, along with other soft drinks, water, sports drinks, juices, dairy beverages and emerging beverage brands.

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