B. Metzler seel. Sohn & Co. AG Takes $272.68 Million Position in Coca-Cola Consolidated, Inc. $COKE

Key Points

• B. Metzler seel. Sohn & Co. AG acquired 3.36 million Coca-Cola Consolidated shares worth approximately $272.7 million, giving it a 5.04% stake and making COKE its seventh-largest portfolio holding.
• Other institutional investors also increased their positions, and institutions and hedge funds collectively own 48.24% of Coca-Cola Consolidated’s outstanding shares.
• COKE shares opened at $187.60, while analyst sentiment remained broadly positive with a consensus “Buy” rating. The company reported quarterly revenue of $2.05 billion and EPS of $2.83, and maintains a quarterly dividend of $0.25.

B. Metzler seel. Sohn & Co. AG acquired a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,355,276 shares of the company's stock, valued at approximately $272,683,000. Coca-Cola Consolidated makes up approximately 2.4% of B. Metzler seel. Sohn & Co. AG's portfolio, making the stock its 7th biggest position. B. Metzler seel. Sohn & Co. AG owned 5.04% of Coca-Cola Consolidated at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Coca-Cola Consolidated by 6.4% during the 4th quarter. Vanguard Group Inc. now owns 5,686,058 shares of the company's stock valued at $871,673,000 after buying an additional 341,374 shares during the last quarter. Catalyst Investment Management LLC bought a new stake in shares of Coca-Cola Consolidated in the second quarter worth $573,000. Horizon Investments LLC increased its stake in shares of Coca-Cola Consolidated by 1,655,666.7% in the fourth quarter. Horizon Investments LLC now owns 49,673 shares of the company's stock worth $7,602,000 after buying an additional 49,670 shares during the last quarter. Vest Financial LLC raised its holdings in Coca-Cola Consolidated by 60.8% in the fourth quarter. Vest Financial LLC now owns 232,597 shares of the company's stock valued at $35,657,000 after acquiring an additional 87,912 shares in the last quarter. Finally, James Investment Research Inc. raised its holdings in Coca-Cola Consolidated by 62.2% in the fourth quarter. James Investment Research Inc. now owns 22,412 shares of the company's stock valued at $3,436,000 after acquiring an additional 8,593 shares in the last quarter. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

COKE has been the topic of a number of research analyst reports. Weiss Ratings reiterated a "buy (b)" rating on shares of Coca-Cola Consolidated in a research note on Wednesday, June 24th. Wall Street Zen downgraded shares of Coca-Cola Consolidated from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. 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 Stock Up 0.4%

NASDAQ:COKE opened at $187.60 on Friday. The company has a market cap of $12.49 billion, a PE ratio of 24.88 and a beta of 0.55. The business's 50 day moving average is $184.97 and its two-hundred day moving average is $185.75. Coca-Cola Consolidated, Inc. has a 52 week low of $110.60 and a 52 week high of $219.65.

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 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 firm also recently disclosed 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 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Friday, July 24th. Coca-Cola Consolidated's payout ratio is currently 13.26%.

Coca-Cola Consolidated 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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