202,915 Shares in Coca-Cola Consolidated, Inc. $COKE Acquired by Van Hulzen Asset Management LLC

Van Hulzen Asset Management LLC bought a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 202,915 shares of the company's stock, valued at approximately $16,491,000. Coca-Cola Consolidated comprises 1.2% of Van Hulzen Asset Management LLC's investment portfolio, making the stock its 21st largest position. Van Hulzen Asset Management LLC owned approximately 0.30% of Coca-Cola Consolidated at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Veratis Advisors Inc. bought a new stake in Coca-Cola Consolidated during the second quarter worth approximately $260,000. Wood Tarver Financial Group LLC bought a new position in shares of Coca-Cola Consolidated in the second quarter valued at $322,000. Front Street Capital Management Inc. acquired a new stake in shares of Coca-Cola Consolidated during the 2nd quarter valued at $395,000. Peak Asset Management LLC acquired a new stake in shares of Coca-Cola Consolidated during the 2nd quarter valued at $911,000. Finally, Fiduciary Financial Advisors bought a new stake in shares of Coca-Cola Consolidated during the 2nd quarter worth $621,000. 48.24% of the stock is currently owned by institutional investors.

Coca-Cola Consolidated Price Performance

COKE stock opened at $192.60 on Tuesday. Coca-Cola Consolidated, Inc. has a 52-week low of $110.60 and a 52-week high of $219.65. The company's 50 day simple moving average is $185.14 and its 200-day simple moving average is $186.25. The firm has a market capitalization of $12.82 billion, a P/E ratio of 25.54 and a beta of 0.55.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $2.83 EPS for the quarter. Coca-Cola Consolidated had a net margin of 7.15% and a negative return on equity of 1,041.59%. The business had revenue of $2.05 billion during the quarter.

Coca-Cola Consolidated Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on COKE shares. Weiss Ratings restated a "buy (b)" rating on shares of Coca-Cola Consolidated in a report on Wednesday, June 24th. Wall Street Zen lowered Coca-Cola Consolidated from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy".

Coca-Cola Consolidated Profile

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.

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.

Add As Preferred Source