Coca-Cola Consolidated, Inc. $COKE Shares Purchased by Nisa Investment Advisors LLC

Key Points

• Nisa Investment Advisors increased its stake in Coca‑Cola Consolidated by 1,508.8% in Q4, buying an additional 16,898 shares to hold 18,018 shares worth $2.76 million.
• Multiple other institutions (including Envestnet, JPMorgan and Natixis) also materially boosted positions, leaving institutional and hedge fund ownership at about 48.24% of the float.
• Coca‑Cola Consolidated trades with a market cap of $12.96 billion and a P/E of 28.56, reported $2.11 EPS last quarter, and pays an annualized dividend of $1.00 (≈0.5% yield).

Nisa Investment Advisors LLC boosted its stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 1,508.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,018 shares of the company's stock after buying an additional 16,898 shares during the quarter. Nisa Investment Advisors LLC's holdings in Coca-Cola Consolidated were worth $2,762,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of COKE. CWM LLC increased its position in shares of Coca-Cola Consolidated by 209.4% during the third quarter. CWM LLC now owns 13,378 shares of the company's stock worth $1,567,000 after purchasing an additional 9,054 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Coca-Cola Consolidated by 320.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 82,171 shares of the company's stock valued at $9,627,000 after purchasing an additional 62,645 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Coca-Cola Consolidated by 11.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 244,805 shares of the company's stock valued at $28,681,000 after purchasing an additional 24,278 shares in the last quarter. Hsbc Holdings PLC boosted its stake in Coca-Cola Consolidated by 663.7% during the 2nd quarter. Hsbc Holdings PLC now owns 24,889 shares of the company's stock worth $2,778,000 after purchasing an additional 21,630 shares during the last quarter. Finally, Natixis Advisors LLC boosted its stake in Coca-Cola Consolidated by 122.1% during the 3rd quarter. Natixis Advisors LLC now owns 107,106 shares of the company's stock worth $12,548,000 after purchasing an additional 58,890 shares during the last quarter. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Consolidated Stock Performance

Shares of Coca-Cola Consolidated stock opened at $194.69 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.26 and a quick ratio of 0.97. The stock's 50 day simple moving average is $183.60 and its 200-day simple moving average is $157.83. The stock has a market cap of $12.96 billion, a P/E ratio of 28.56 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 posted its quarterly earnings results on Wednesday, February 18th. The company reported $2.11 EPS for the quarter. Coca-Cola Consolidated had a return on equity of 66.42% and a net margin of 7.89%.The firm had revenue of $1.90 billion during the quarter.

Coca-Cola Consolidated Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 6th. Shareholders of record on Friday, January 23rd were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. Coca-Cola Consolidated's dividend payout ratio (DPR) is 14.66%.

Analysts Set New Price Targets

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

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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