Advisors Capital Management LLC purchased a new position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 825,093 shares of the company's stock, valued at approximately $67,055,000. Advisors Capital Management LLC owned about 1.24% of Coca-Cola Consolidated as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also added to or reduced their stakes in COKE. Ascentis Independent Advisors bought a new position in shares of Coca-Cola Consolidated during the 1st quarter worth approximately $31,000. Torren Management LLC bought a new position in shares of Coca-Cola Consolidated in the fourth quarter valued at approximately $29,000. Morse Asset Management Inc purchased a new stake in shares of Coca-Cola Consolidated during the fourth quarter valued at approximately $31,000. Ballast Advisors LLC purchased a new stake in shares of Coca-Cola Consolidated during the first quarter valued at approximately $38,000. Finally, Quarry LP bought a new stake in Coca-Cola Consolidated during the third quarter worth $25,000. 48.24% of the stock is owned by institutional investors.
Coca-Cola Consolidated Price Performance
Coca-Cola Consolidated stock opened at $187.60 on Friday. The firm has a market capitalization of $12.49 billion, a P/E ratio of 24.88 and a beta of 0.55. Coca-Cola Consolidated, Inc. has a one year low of $110.60 and a one year high of $219.65. The business has a fifty day moving average price of $184.97 and a 200-day moving average price of $185.75.
Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $2.83 EPS for the quarter. The business had revenue of $2.05 billion during 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 disclosed a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Friday, July 24th were paid a dividend of $0.25 per share. 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 payout ratio is currently 13.26%.
Analyst Ratings Changes
COKE has been the subject of a number of recent analyst reports. Weiss Ratings restated a "buy (b)" rating on shares of Coca-Cola Consolidated in a research note on Wednesday, June 24th. Wall Street Zen lowered shares of Coca-Cola Consolidated from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy".
Check Out Our Latest Analysis on COKE
Coca-Cola Consolidated Profile
(
Free Report)
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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