Callan Family Office LLC Acquires 3,813 Shares of Coca-Cola Consolidated, Inc. $COKE

Key Points

• Callan Family Office LLC significantly increased its holdings in Coca-Cola Consolidated, acquiring an additional 3,813 shares, bringing its total to 4,050 shares valued at approximately $452,000.
• The company reported a quarterly earnings per share of $2.24 and generated revenue of $1.86 billion, with a return on equity of 44.91% and a net margin of 8.43%.
• Coca-Cola Consolidated declared a quarterly dividend of $0.25 per share, with an ex-dividend date set for October 24th, representing an annual yield of 0.8%.

Callan Family Office LLC lifted its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 1,608.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,050 shares of the company's stock after acquiring an additional 3,813 shares during the quarter. Callan Family Office LLC's holdings in Coca-Cola Consolidated were worth $452,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Linden Thomas Advisory Services LLC boosted its stake in shares of Coca-Cola Consolidated by 3.5% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 265 shares of the company's stock worth $358,000 after acquiring an additional 9 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of Coca-Cola Consolidated by 0.3% during the 1st quarter. State of Alaska Department of Revenue now owns 3,973 shares of the company's stock worth $5,363,000 after acquiring an additional 10 shares during the period. HBK Sorce Advisory LLC boosted its stake in shares of Coca-Cola Consolidated by 2.9% during the 1st quarter. HBK Sorce Advisory LLC now owns 357 shares of the company's stock worth $481,000 after acquiring an additional 10 shares during the period. Monument Capital Management boosted its stake in shares of Coca-Cola Consolidated by 0.3% during the 1st quarter. Monument Capital Management now owns 3,955 shares of the company's stock worth $5,339,000 after acquiring an additional 10 shares during the period. Finally, CW Advisors LLC boosted its stake in shares of Coca-Cola Consolidated by 5.4% during the 1st quarter. CW Advisors LLC now owns 194 shares of the company's stock worth $262,000 after acquiring an additional 10 shares during the period. 48.24% of the stock is currently owned by institutional investors.

Coca-Cola Consolidated Price Performance

Shares of NASDAQ COKE opened at $126.70 on Wednesday. The stock has a market capitalization of $11.01 billion, a PE ratio of 18.90 and a beta of 0.70. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.78. The business has a fifty day moving average price of $117.97 and a two-hundred day moving average price of $126.02. Coca-Cola Consolidated, Inc. has a fifty-two week low of $105.21 and a fifty-two week high of $146.09.

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

Coca-Cola Consolidated Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, October 24th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, October 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.8%. Coca-Cola Consolidated's payout ratio is 14.93%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on COKE. Wall Street Zen raised Coca-Cola Consolidated from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Weiss Ratings raised Coca-Cola Consolidated from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Coca-Cola Consolidated presently has an average rating of "Buy".

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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