Coca-Cola Consolidated, Inc. $COKE Shares Acquired by Vest Financial LLC

Key Points

• Vest Financial LLC increased its stake in Coca‑Cola Consolidated (NASDAQ:COKE) by 60.8% in Q4 to 232,597 shares, representing about 0.27% ownership and valued at ~$35.66 million.
• Coca‑Cola Consolidated declared a quarterly dividend of $0.25 per share (annualized $1.00) payable May 8, with the record and ex‑dividend date on April 24, implying a yield of ~0.5%.
• The stock has a market capitalization of $12.90 billion, a P/E of 28.44 and a 52‑week range of $105.21–$219.65, and carries a consensus "Buy" rating after Weiss Ratings reissued a buy.

Vest Financial LLC grew its stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 60.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 232,597 shares of the company's stock after acquiring an additional 87,912 shares during the quarter. Vest Financial LLC owned about 0.27% of Coca-Cola Consolidated worth $35,657,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wealthfront Advisers LLC acquired a new stake in shares of Coca-Cola Consolidated during the 4th quarter worth about $275,000. Values First Advisors Inc. acquired a new stake in shares of Coca-Cola Consolidated during the 4th quarter worth about $833,000. Torren Management LLC acquired a new stake in shares of Coca-Cola Consolidated during the 4th quarter worth about $29,000. M&T Bank Corp acquired a new stake in shares of Coca-Cola Consolidated during the 4th quarter worth about $271,000. Finally, D.A. Davidson & CO. acquired a new stake in shares of Coca-Cola Consolidated during the 4th quarter worth about $227,000. 48.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Coca-Cola Consolidated Stock Performance

Shares of COKE opened at $193.86 on Tuesday. The stock has a 50-day simple moving average of $196.06 and a 200-day simple moving average of $167.06. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.97 and a current ratio of 1.26. The stock has a market capitalization of $12.90 billion, a PE ratio of 28.44 and a beta of 0.61. Coca-Cola Consolidated, Inc. has a 1 year low of $105.21 and a 1 year high of $219.65.

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

Coca-Cola Consolidated Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 24th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 24th. This represents a $1.00 annualized dividend and a yield of 0.5%. 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.

Want to see what other hedge funds are holding COKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.