5,756 Shares in Coca-Cola Consolidated, Inc. $COKE Bought by One Wealth Advisors LLC

Key Points

• One Wealth Advisors initiated a position in Coca-Cola Consolidated by purchasing 5,756 shares worth approximately $468,000 during the second quarter. Institutional investors collectively own 48.24% of the company.
• Coca-Cola Consolidated reported quarterly revenue of $2.05 billion and earnings of $2.83 per share. Its stock recently traded at $189.11, down 0.6%, with a market capitalization of about $12.59 billion.
• The company paid a quarterly dividend of $0.25 per share, equivalent to a $1.00 annualized dividend and a 0.5% yield. Despite one analyst downgrade to “hold,” the stock retains a consensus “Buy” rating.

One Wealth Advisors LLC purchased a new position in 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 (SEC). The firm purchased 5,756 shares of the company's stock, valued at approximately $468,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COKE. Family Legacy Inc. bought a new position in shares of Coca-Cola Consolidated during the 2nd quarter worth about $6,580,000. Clearstead Trust LLC acquired a new stake in shares of Coca-Cola Consolidated in the 2nd quarter valued at about $934,000. Maridea Wealth Management LLC bought a new stake in Coca-Cola Consolidated in the 2nd quarter valued at about $677,000. Bridgewater Advisors Inc. bought a new stake in Coca-Cola Consolidated in the 2nd quarter valued at about $1,955,000. Finally, Handelsbanken Fonder AB increased its position in Coca-Cola Consolidated by 1.8% in the 2nd quarter. Handelsbanken Fonder AB now owns 17,130 shares of the company's stock valued at $3,270,000 after buying an additional 300 shares in the last quarter. 48.24% of the stock is owned by institutional investors.

Coca-Cola Consolidated Trading Down 0.6%

Coca-Cola Consolidated stock opened at $189.11 on Friday. 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 $12.59 billion, a price-to-earnings ratio of 25.08 and a beta of 0.55. The firm's fifty day moving average price is $184.81 and its two-hundred day moving average price is $184.46.

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 (EPS) for the quarter. The firm 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 Announces Dividend

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

Wall Street Analyst Weigh In

COKE has been the topic of several recent research reports. Weiss Ratings reiterated a "buy (b)" rating on shares of Coca-Cola Consolidated in a report 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, the stock presently has a consensus rating of "Buy".

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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