Caitlin John LLC Buys 8,784 Shares of Coca-Cola Consolidated, Inc. $COKE

Key Points

• Caitlin John LLC increased its stock holdings in Coca-Cola Consolidated by 2,185.1% in Q2, now owning 9,186 shares valued at $1,026,000.
• Other institutional investors also significantly boosted their positions in Coca-Cola Consolidated, with Diversified Trust Co increasing by 900.0% and Jones Financial by 265,541.3%.
• Coca-Cola Consolidated's stock was recently upgraded from a "hold" to a "buy" rating by Wall Street Zen, indicating positive market sentiment.

Caitlin John LLC lifted its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 2,185.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,186 shares of the company's stock after acquiring an additional 8,784 shares during the quarter. Caitlin John LLC's holdings in Coca-Cola Consolidated were worth $1,026,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in COKE. GAMMA Investing LLC boosted its position in shares of Coca-Cola Consolidated by 668.1% during the second quarter. GAMMA Investing LLC now owns 1,037 shares of the company's stock worth $116,000 after buying an additional 902 shares during the period. U.S. Capital Wealth Advisors LLC boosted its stake in shares of Coca-Cola Consolidated by 663.1% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 19,000 shares of the company's stock worth $2,121,000 after acquiring an additional 16,510 shares during the period. Farther Finance Advisors LLC lifted its holdings in Coca-Cola Consolidated by 1,314.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,828 shares of the company's stock worth $316,000 after purchasing an additional 2,628 shares during the last quarter. UMB Bank n.a. lifted its holdings in Coca-Cola Consolidated by 658.6% during the 2nd quarter. UMB Bank n.a. now owns 660 shares of the company's stock worth $74,000 after purchasing an additional 573 shares during the last quarter. Finally, Wright Investors Service Inc. lifted its holdings in Coca-Cola Consolidated by 812.6% during the 2nd quarter. Wright Investors Service Inc. now owns 3,121 shares of the company's stock worth $348,000 after purchasing an additional 2,779 shares during the last quarter. Institutional investors own 48.24% of the company's stock.

Coca-Cola Consolidated Price Performance

NASDAQ:COKE traded up $1.75 during trading hours on Monday, hitting $114.97. 886,135 shares of the company's stock traded hands, compared to its average volume of 588,854. The business's fifty day simple moving average is $116.16 and its two-hundred day simple moving average is $127.26. Coca-Cola Consolidated, Inc. has a 52 week low of $105.21 and a 52 week high of $146.09. 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 firm has a market cap of $9.99 billion, a P/E ratio of 17.15 and a beta of 0.76.

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

Coca-Cola Consolidated Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Friday, July 25th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, July 25th. This represents a $1.00 annualized dividend and a yield of 0.9%. Coca-Cola Consolidated's dividend payout ratio is 14.93%.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Coca-Cola Consolidated from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th.

About Coca-Cola Consolidated

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.