Catalyst Investment Management LLC Makes New $573,000 Investment in Coca-Cola Consolidated, Inc. $COKE

Key Points

• Catalyst Investment Management purchased 7,055 shares of Coca-Cola Consolidated worth approximately $573,000, making the stock 0.5% of its portfolio. Institutional investors and hedge funds collectively own 48.24% of the company.
• Coca-Cola Consolidated reported quarterly revenue of $2.05 billion and earnings per share of $2.83. Its shares opened at $188.64, with a market capitalization of $12.56 billion.
• The company paid a quarterly dividend of $0.25 per share, equal to a $1.00 annualized payout and a 0.5% yield. Analysts maintain a consensus “Buy” rating, although Wall Street Zen downgraded the stock to “Hold.”

Catalyst Investment Management LLC bought a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,055 shares of the company's stock, valued at approximately $573,000. Coca-Cola Consolidated accounts for 0.5% of Catalyst Investment Management LLC's investment portfolio, making the stock its 27th biggest holding.

A number of other institutional investors also recently added to or reduced their stakes in COKE. Quarry LP acquired a new stake in Coca-Cola Consolidated in the 3rd quarter valued at $25,000. Advisory Services Network LLC bought a new stake in Coca-Cola Consolidated during the 3rd quarter worth about $25,000. J.Safra Asset Management Corp bought a new stake in shares of Coca-Cola Consolidated during the second quarter valued at approximately $26,000. Newbridge Financial Services Group Inc. increased its stake in shares of 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 buying an additional 207 shares during the period. Finally, Geneos Wealth Management Inc. raised 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 worth $28,000 after purchasing an additional 225 shares during the last quarter. 48.24% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Consolidated Stock Performance

Shares of COKE stock opened at $188.64 on Wednesday. The firm's 50-day moving average is $185.03 and its 200-day moving average is $185.23. The stock has a market cap of $12.56 billion, a price-to-earnings ratio of 25.02 and a beta of 0.55. 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 quarterly earnings data on Wednesday, August 5th. The company reported $2.83 earnings per share (EPS) for the quarter. Coca-Cola Consolidated had a negative return on equity of 1,041.59% and a net margin of 7.15%.The company had revenue of $2.05 billion during the quarter.

Coca-Cola Consolidated Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Friday, July 24th were given a dividend of $0.25 per share. The ex-dividend date was Friday, July 24th. This represents a $1.00 annualized dividend and a yield of 0.5%. Coca-Cola Consolidated's dividend payout ratio (DPR) is 13.26%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wall Street Zen cut shares of Coca-Cola Consolidated from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Weiss Ratings restated a "buy (b)" rating on shares of Coca-Cola Consolidated in a report on Wednesday, June 24th. 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".

About Coca-Cola Consolidated

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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