Gallagher Fiduciary Advisors LLC acquired a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 15,091 shares of the company's stock, valued at approximately $1,226,000.
Several other large investors have also bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Coca-Cola Consolidated in the second quarter worth approximately $26,229,118,000. Legal & General Group Plc bought a new stake in shares of Coca-Cola Consolidated during the second quarter valued at approximately $1,978,267,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Coca-Cola Consolidated in the 2nd quarter worth approximately $1,591,427,000. GQG Partners LLC purchased a new position in Coca-Cola Consolidated in the 2nd quarter worth approximately $1,494,498,000. Finally, Deutsche Bank AG bought a new position in Coca-Cola Consolidated in the 2nd quarter valued at approximately $1,346,125,000. 48.24% of the stock is owned by hedge funds and other institutional investors.
Coca-Cola Consolidated Stock Up 2.0%
Shares of COKE stock opened at $196.53 on Wednesday. The company has a 50 day moving average price of $185.35 and a 200-day moving average price of $186.58. Coca-Cola Consolidated, Inc. has a 52 week low of $110.60 and a 52 week high of $219.65. The firm has a market capitalization of $13.08 billion, a PE ratio of 26.07 and a beta of 0.55.
Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.83 earnings per share for the quarter. Coca-Cola Consolidated had a net margin of 7.15% and a negative return on equity of 1,041.59%. The company had revenue of $2.05 billion for the quarter.
Coca-Cola Consolidated Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Friday, July 24th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, July 24th. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. Coca-Cola Consolidated's payout ratio is currently 13.26%.
Analyst Ratings Changes
Several brokerages have commented on COKE. Weiss Ratings reiterated a "buy (b)" rating on shares of Coca-Cola Consolidated in a research note on Wednesday, June 24th. Wall Street Zen downgraded Coca-Cola Consolidated from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Coca-Cola Consolidated presently has a consensus rating of "Buy".
Read Our Latest Analysis on COKE
Coca-Cola Consolidated Company Profile
(
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.
Read More
Want to see what other hedge funds are holding COKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report).
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