Accel Wealth Management Has $269,000 Stock Position in Coca-Cola Consolidated, Inc. $COKE

Key Points

• Accel Wealth Management increased its stake in Coca-Cola Consolidated by 856% during Q2, bringing their total holdings to 2,409 shares valued at $269,000.
• Multiple hedge funds, including Wayfinding Financial LLC and Semmax Financial Advisors, have also recently invested in Coca-Cola Consolidated, indicating strong institutional interest in the stock.
• Coca-Cola Consolidated reported $2.24 earnings per share for Q2, with revenues of $1.86 billion and a quarterly dividend of $0.25 per share.

Accel Wealth Management lifted its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 856.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,409 shares of the company's stock after purchasing an additional 2,157 shares during the quarter. Accel Wealth Management's holdings in Coca-Cola Consolidated were worth $269,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Wayfinding Financial LLC bought a new stake in shares of Coca-Cola Consolidated during the 1st quarter worth $46,000. Semmax Financial Advisors Inc. bought a new stake in Coca-Cola Consolidated in the 1st quarter valued at $50,000. Allworth Financial LP boosted its holdings in Coca-Cola Consolidated by 58.3% in the 1st quarter. Allworth Financial LP now owns 57 shares of the company's stock valued at $79,000 after purchasing an additional 21 shares during the period. Fifth Third Bancorp lifted its holdings in shares of Coca-Cola Consolidated by 40.9% during the 1st quarter. Fifth Third Bancorp now owns 62 shares of the company's stock worth $84,000 after acquiring an additional 18 shares during the period. Finally, Spire Wealth Management lifted its holdings in shares of Coca-Cola Consolidated by 115.6% during the 1st quarter. Spire Wealth Management now owns 69 shares of the company's stock worth $92,000 after acquiring an additional 37 shares during the period. Institutional investors and hedge funds own 48.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on COKE shares. Wall Street Zen upgraded shares of Coca-Cola Consolidated from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Weiss Ratings reissued a "hold (c+)" rating on shares of Coca-Cola Consolidated in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of "Hold".

Coca-Cola Consolidated Trading Up 1.1%

COKE opened at $120.65 on Monday. Coca-Cola Consolidated, Inc. has a twelve month low of $105.21 and a twelve month high of $146.09. The company has a 50-day simple moving average of $116.69 and a 200 day simple moving average of $126.37. The company has a quick ratio of 1.78, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $10.48 billion, a price-to-earnings ratio of 18.00 and a beta of 0.70.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $2.24 earnings per share for the quarter. The business had revenue of $1.86 billion during the quarter. Coca-Cola Consolidated had a net margin of 8.43% and a return on equity of 44.91%.

Coca-Cola Consolidated Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Friday, July 25th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, July 25th. Coca-Cola Consolidated's dividend payout ratio is currently 14.93%.

Coca-Cola Consolidated Profile

Coca-Cola Consolidated, Inc, together with its subsidiaries, manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages; and still beverages, including energy products, as well as noncarbonated beverages comprising bottled water, ready to drink coffee and tea, enhanced water, juices, and sports drinks.

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