Coca-Cola Consolidated, Inc. $COKE Shares Bought by Farther Finance Advisors LLC

Key Points

• Farther Finance Advisors LLC significantly increased its holdings in Coca-Cola Consolidated by 1,314.0% during the second quarter, acquiring an additional 2,628 shares, bringing its total to 2,828 shares valued at $316,000.
• Other institutional investors also made significant purchases, with UMB Bank n.a. increasing its stake by 658.6% and Diversified Trust Co growing its position by 900.0% in the same period.
• Coca-Cola Consolidated reported $2.24 earnings per share for the last quarter and has declared a quarterly dividend of $0.25, which reflects an annual yield of 0.9% and a low dividend payout ratio of 14.93%.

Farther Finance Advisors LLC raised its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 1,314.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,828 shares of the company's stock after purchasing an additional 2,628 shares during the period. Farther Finance Advisors LLC's holdings in Coca-Cola Consolidated were worth $316,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in COKE. UMB Bank n.a. increased its holdings in shares of Coca-Cola Consolidated by 658.6% in the 2nd quarter. UMB Bank n.a. now owns 660 shares of the company's stock valued at $74,000 after acquiring an additional 573 shares during the last quarter. Wright Investors Service Inc. grew its stake in Coca-Cola Consolidated by 812.6% during the 2nd quarter. Wright Investors Service Inc. now owns 3,121 shares of the company's stock worth $348,000 after buying an additional 2,779 shares during the last quarter. Diversified Trust Co grew its stake in Coca-Cola Consolidated by 900.0% during the 2nd quarter. Diversified Trust Co now owns 1,462,487 shares of the company's stock worth $163,287,000 after buying an additional 1,316,233 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Coca-Cola Consolidated by 879.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 16,232 shares of the company's stock worth $1,911,000 after buying an additional 14,574 shares during the last quarter. Finally, Atticus Wealth Management LLC grew its stake in shares of Coca-Cola Consolidated by 900.0% in the second quarter. Atticus Wealth Management LLC now owns 3,000 shares of the company's stock worth $335,000 after purchasing an additional 2,700 shares in the last quarter. 48.24% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Consolidated Stock Performance

COKE opened at $116.34 on Tuesday. The firm has a market capitalization of $10.11 billion, a P/E ratio of 17.36 and a beta of 0.76. The stock's 50 day moving average price is $116.42 and its two-hundred day moving average price is $126.73. 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, Inc. has a 12-month low of $105.21 and a 12-month high of $146.09.

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

Coca-Cola Consolidated Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Friday, July 25th were given a $0.25 dividend. The ex-dividend date was Friday, July 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.9%. Coca-Cola Consolidated's dividend payout ratio (DPR) is currently 14.93%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Coca-Cola Consolidated from a "hold" rating to a "buy" rating in a report on Saturday, July 26th.

Coca-Cola Consolidated Company 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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