5,903 Shares in Coca-Cola Consolidated, Inc. $COKE Bought by Tiemann Investment Advisors LLC

Key Points

• Tiemann Investment Advisors purchased 5,903 shares of Coca-Cola Consolidated worth approximately $480,000, while institutional investors collectively own 48.24% of the stock.
• COKE reported quarterly earnings of $2.83 per share on $2.05 billion in revenue. The company also paid a quarterly dividend of $0.25 per share, equivalent to a 0.5% annualized yield.
• Shares opened at $186.21, compared with a 52-week range of $110.60 to $219.65. Analyst sentiment remains a consensus “Buy,” although one rating was recently downgraded to “Hold.”

Tiemann Investment Advisors LLC bought a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,903 shares of the company's stock, valued at approximately $480,000.

A number of other hedge funds also recently added to or reduced their stakes in COKE. Quarry LP bought a new position in shares of Coca-Cola Consolidated during the third quarter worth about $25,000. Advisory Services Network LLC acquired a new stake in shares of Coca-Cola Consolidated in the 3rd quarter worth about $25,000. J.Safra Asset Management Corp bought a new stake in Coca-Cola Consolidated in the 2nd quarter valued at about $26,000. Newbridge Financial Services Group Inc. lifted its position in Coca-Cola Consolidated by 900.0% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 230 shares of the company's stock valued at $26,000 after purchasing an additional 207 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in Coca-Cola Consolidated by 900.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 250 shares of the company's stock valued at $28,000 after purchasing an additional 225 shares during the period. 48.24% of the stock is currently owned by institutional investors.

Coca-Cola Consolidated Stock Performance

Shares of COKE opened at $186.21 on Tuesday. Coca-Cola Consolidated, Inc. has a one year low of $110.60 and a one year high of $219.65. The stock's fifty day moving average is $184.96 and its 200-day moving average is $184.96. The firm has a market capitalization of $12.39 billion, a price-to-earnings ratio of 24.70 and a beta of 0.55.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $2.83 earnings per share 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 business also recently declared a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Friday, July 24th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Friday, July 24th. Coca-Cola Consolidated's payout ratio is 13.26%.

Analysts Set New Price Targets

COKE has been the topic of several analyst reports. 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. Weiss Ratings reiterated a "buy (b)" rating on shares of Coca-Cola Consolidated in a research report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Coca-Cola Consolidated currently has a consensus rating of "Buy".

Coca-Cola Consolidated Company 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.

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