128,460 Shares in Coca-Cola Consolidated, Inc. $COKE Purchased by First National Bank of Omaha

Key Points

• First National Bank of Omaha acquired 128,460 shares of Coca-Cola Consolidated during the second quarter, worth approximately $10.5 million and representing about 0.19% of the company.
• Institutional ownership remains significant at 48.24%, with Vanguard and several other investment firms increasing their positions in Coca-Cola Consolidated.
• COKE holds a consensus “Buy” rating; the company reported quarterly EPS of $2.83 on $2.05 billion in revenue and pays a $0.25 quarterly dividend, yielding approximately 0.5%.

First National Bank of Omaha acquired a new position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 128,460 shares of the company's stock, valued at approximately $10,491,000. First National Bank of Omaha owned approximately 0.19% of Coca-Cola Consolidated at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Coca-Cola Consolidated by 6.4% during the 4th quarter. Vanguard Group Inc. now owns 5,686,058 shares of the company's stock worth $871,673,000 after purchasing an additional 341,374 shares during the last quarter. Horizon Investments LLC raised its position in shares of Coca-Cola Consolidated by 1,655,666.7% in the fourth quarter. Horizon Investments LLC now owns 49,673 shares of the company's stock valued at $7,602,000 after buying an additional 49,670 shares during the last quarter. Vest Financial LLC raised its position in shares of Coca-Cola Consolidated by 60.8% in the fourth quarter. Vest Financial LLC now owns 232,597 shares of the company's stock valued at $35,657,000 after buying an additional 87,912 shares during the last quarter. James Investment Research Inc. lifted its stake in shares of Coca-Cola Consolidated by 62.2% in the fourth quarter. James Investment Research Inc. now owns 22,412 shares of the company's stock worth $3,436,000 after buying an additional 8,593 shares in the last quarter. Finally, Argyle Capital Partners LLC purchased a new position in shares of Coca-Cola Consolidated in the second quarter worth about $479,000. Institutional investors and hedge funds own 48.24% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on COKE shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Coca-Cola Consolidated in a research note on Wednesday, June 24th. Wall Street Zen lowered shares of Coca-Cola Consolidated from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy".

Coca-Cola Consolidated Price Performance

NASDAQ:COKE opened at $188.64 on Wednesday. The company's 50-day moving average is $185.03 and its two-hundred day moving average is $185.23. Coca-Cola Consolidated, Inc. has a 1-year low of $110.60 and a 1-year high of $219.65. The firm has a market capitalization of $12.56 billion, a price-to-earnings ratio of 25.02 and a beta of 0.55.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $2.83 earnings per share (EPS) for the quarter. The business had revenue of $2.05 billion during 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Friday, July 24th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date was Friday, July 24th. Coca-Cola Consolidated's dividend payout ratio is presently 13.26%.

About Coca-Cola Consolidated

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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