Brandywine Trust Co. Invests $868,000 in Coca-Cola Consolidated, Inc. $COKE

Brandywine Trust Co. bought a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,682 shares of the company's stock, valued at approximately $868,000. Coca-Cola Consolidated accounts for approximately 0.1% of Brandywine Trust Co.'s portfolio, making the stock its 20th biggest holding.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quarry LP acquired a new position in Coca-Cola Consolidated during the third quarter worth $25,000. Advisory Services Network LLC purchased a new stake in shares of Coca-Cola Consolidated in the 3rd quarter worth about $25,000. J.Safra Asset Management Corp acquired a new stake in Coca-Cola Consolidated in the 2nd quarter valued at about $26,000. Newbridge Financial Services Group Inc. grew its stake 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 acquiring an additional 207 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings 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 acquiring an additional 225 shares in the last quarter. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on COKE. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Coca-Cola Consolidated in a report on Wednesday, June 24th. Wall Street Zen cut shares of Coca-Cola Consolidated from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Coca-Cola Consolidated currently has a consensus rating of "Buy".

Coca-Cola Consolidated Trading Up 1.9%

Coca-Cola Consolidated stock opened at $192.60 on Tuesday. The stock has a market cap of $12.82 billion, a PE ratio of 25.54 and a beta of 0.55. The stock has a 50-day moving average price of $185.14 and a 200 day moving average price of $186.25. 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 released its earnings results on Wednesday, August 5th. The company reported $2.83 earnings per share (EPS) for the quarter. The company had revenue of $2.05 billion for 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 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 dividend yield of 0.5%. Coca-Cola Consolidated's dividend payout ratio is presently 13.26%.

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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