Coca-Cola Consolidated, Inc. $COKE Shares Acquired by Stratos Wealth Partners LTD.

Key Points

• Stratos Wealth Partners LTD. significantly increased its holdings in Coca-Cola Consolidated, raising its ownership by 708.1% during the second quarter, now owning 5,471 shares valued at approximately $611,000.
• Other institutional investors also made notable increases in their positions, with Diversified Trust Co boosting its ownership by 900.0%, now holding 1,462,487 shares worth $163,287,000.
• Coca-Cola Consolidated recently announced a quarterly dividend of $0.25 per share, which will be paid to shareholders on November 7th, reflecting a 0.8% yield.

Stratos Wealth Partners LTD. lifted its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 708.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,471 shares of the company's stock after purchasing an additional 4,794 shares during the period. Stratos Wealth Partners LTD.'s holdings in Coca-Cola Consolidated were worth $611,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Diversified Trust Co increased its position in shares of Coca-Cola Consolidated by 900.0% during the second quarter. Diversified Trust Co now owns 1,462,487 shares of the company's stock worth $163,287,000 after purchasing an additional 1,316,233 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Coca-Cola Consolidated by 265,541.3% during the first quarter. Jones Financial Companies Lllp now owns 502,062 shares of the company's stock worth $677,784,000 after purchasing an additional 501,873 shares in the last quarter. Truist Financial Corp increased its position in shares of Coca-Cola Consolidated by 902.4% during the second quarter. Truist Financial Corp now owns 289,493 shares of the company's stock worth $32,322,000 after purchasing an additional 260,612 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Coca-Cola Consolidated by 548.0% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 226,905 shares of the company's stock worth $25,334,000 after purchasing an additional 191,887 shares in the last quarter. Finally, Boston Partners increased its position in shares of Coca-Cola Consolidated by 676.9% during the first quarter. Boston Partners now owns 200,518 shares of the company's stock worth $270,711,000 after purchasing an additional 174,709 shares in the last quarter. Institutional investors and hedge funds own 48.24% of the company's stock.

Coca-Cola Consolidated Stock Performance

Shares of COKE stock opened at $127.71 on Friday. The stock has a market capitalization of $11.10 billion, a PE ratio of 19.06 and a beta of 0.70. Coca-Cola Consolidated, Inc. has a 52-week low of $105.21 and a 52-week high of $146.09. The stock's 50-day moving average price is $120.18 and its 200 day moving average price is $125.83. The company has a quick ratio of 1.78, a current ratio of 2.04 and a debt-to-equity ratio of 0.88.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $2.24 earnings per share (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 Announces Dividend

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

Analyst Upgrades and Downgrades

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

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.

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