84,473 Shares in Coca-Cola Consolidated, Inc. $COKE Purchased by Simplicity Wealth LLC

Key Points

• Simplicity Wealth LLC purchased 84,473 shares of Coca-Cola Consolidated during the second quarter, valued at approximately $6.87 million and representing about 0.13% of the company.
• Institutional investors and hedge funds own 48.24% of Coca-Cola Consolidated, while the stock recently traded at $189.11, with a 12-month range of $110.60 to $219.65.
• Coca-Cola Consolidated reported quarterly revenue of $2.05 billion and earnings of $2.83 per share, and paid a quarterly dividend of $0.25. Analysts maintain a consensus “Buy” rating, although Wall Street Zen downgraded the stock to “Hold.”

Simplicity Wealth LLC purchased a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 84,473 shares of the company's stock, valued at approximately $6,865,000. Simplicity Wealth LLC owned approximately 0.13% of Coca-Cola Consolidated at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bessemer Group Inc. boosted its position in shares of Coca-Cola Consolidated by 19.1% during the 1st quarter. Bessemer Group Inc. now owns 331 shares of the company's stock valued at $63,000 after purchasing an additional 53 shares in the last quarter. Beacon Pointe Advisors LLC grew its stake in shares of Coca-Cola Consolidated by 2.6% in the 4th quarter. Beacon Pointe Advisors LLC now owns 2,842 shares of the company's stock worth $436,000 after purchasing an additional 72 shares during the last quarter. Wealthfront Advisers LLC grew its stake in shares of Coca-Cola Consolidated by 4.1% in the 1st quarter. Wealthfront Advisers LLC now owns 1,869 shares of the company's stock worth $358,000 after purchasing an additional 73 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Coca-Cola Consolidated by 8.9% in the 4th quarter. UMB Bank n.a. now owns 951 shares of the company's stock worth $146,000 after purchasing an additional 78 shares in the last quarter. Finally, Private Advisor Group LLC raised its holdings in shares of Coca-Cola Consolidated by 2.2% in the 3rd quarter. Private Advisor Group LLC now owns 4,297 shares of the company's stock worth $503,000 after purchasing an additional 94 shares in the last quarter. 48.24% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Consolidated Price Performance

Shares of NASDAQ COKE opened at $189.11 on Monday. Coca-Cola Consolidated, Inc. has a 12 month low of $110.60 and a 12 month high of $219.65. The company has a market cap of $12.59 billion, a price-to-earnings ratio of 25.08 and a beta of 0.55. The business has a fifty day simple moving average of $184.81 and a 200-day simple moving average of $184.70.

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

Coca-Cola Consolidated Dividend Announcement

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

Analysts Set New Price Targets

COKE has been the subject of a number of research reports. Wall Street Zen cut shares of Coca-Cola Consolidated from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Coca-Cola Consolidated in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Coca-Cola Consolidated 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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