Coca-Cola Consolidated, Inc. $COKE Shares Acquired by James Investment Research Inc.

James Investment Research Inc. increased its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 62.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,412 shares of the company's stock after purchasing an additional 8,593 shares during the quarter. James Investment Research Inc.'s holdings in Coca-Cola Consolidated were worth $3,436,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in COKE. Quarry LP acquired a new stake in shares of Coca-Cola Consolidated during the third quarter worth $25,000. Advisory Services Network LLC acquired a new position in shares of Coca-Cola Consolidated in the 3rd quarter valued at about $25,000. Root Financial Partners LLC bought a new stake in shares of Coca-Cola Consolidated during the 3rd quarter valued at about $26,000. Smartleaf Asset Management LLC grew its position in shares of Coca-Cola Consolidated by 175.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 220 shares of the company's stock valued at $26,000 after buying an additional 140 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. raised its stake in Coca-Cola Consolidated by 900.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 230 shares of the company's stock worth $26,000 after acquiring an additional 207 shares during the period. Institutional investors and hedge funds own 48.24% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a "buy (b)" rating on shares of Coca-Cola Consolidated in a report on Friday, March 27th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Coca-Cola Consolidated presently has a consensus rating of "Buy".

Coca-Cola Consolidated Price Performance

Coca-Cola Consolidated stock opened at $195.59 on Monday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.97 and a current ratio of 1.26. Coca-Cola Consolidated, Inc. has a one year low of $105.21 and a one year high of $219.65. The company has a 50-day simple moving average of $195.42 and a 200-day simple moving average of $166.57. The firm has a market capitalization of $13.02 billion, a P/E ratio of 28.69 and a beta of 0.61.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $2.11 earnings per share for the quarter. The firm had revenue of $1.90 billion for the quarter. Coca-Cola Consolidated had a net margin of 7.89% and a return on equity of 66.42%.

Coca-Cola Consolidated Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 24th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, April 24th. Coca-Cola Consolidated's payout ratio is 14.66%.

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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