Cooper Haims Advisors LLC Buys New Shares in Coca-Cola Consolidated, Inc. $COKE

Key Points

• Cooper Haims Advisors purchased 5,845 shares of Coca-Cola Consolidated worth approximately $475,000 during the second quarter. Institutional investors collectively own 48.24% of the company.
• Coca-Cola Consolidated reported quarterly revenue of $2.05 billion and earnings of $2.83 per share. The stock recently traded at $196.53, up 2.0%, with a market capitalization of $13.08 billion.
• The company paid a quarterly dividend of $0.25 per share, equivalent to a $1.00 annualized payout and a 0.5% yield. Analyst sentiment remains positive, with a consensus “Buy” rating despite one recent downgrade to “Hold.”

Cooper Haims Advisors LLC purchased a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 5,845 shares of the company's stock, valued at approximately $475,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Coca-Cola Consolidated by 6.4% during the 4th quarter. Vanguard Group Inc. now owns 5,686,058 shares of the company's stock worth $871,673,000 after purchasing an additional 341,374 shares in the last quarter. Catalyst Investment Management LLC acquired a new position in shares of Coca-Cola Consolidated in the second quarter valued at $573,000. Horizon Investments LLC lifted its position in Coca-Cola Consolidated by 1,655,666.7% in the fourth quarter. Horizon Investments LLC now owns 49,673 shares of the company's stock worth $7,602,000 after purchasing an additional 49,670 shares during the period. Vest Financial LLC lifted its position in Coca-Cola Consolidated by 60.8% in the fourth quarter. Vest Financial LLC now owns 232,597 shares of the company's stock worth $35,657,000 after purchasing an additional 87,912 shares during the period. Finally, Argyle Capital Partners LLC acquired a new stake in Coca-Cola Consolidated during the second quarter worth $479,000. Institutional investors own 48.24% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on COKE shares. Wall Street Zen lowered shares of Coca-Cola Consolidated from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Coca-Cola Consolidated in a report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Coca-Cola Consolidated currently has a consensus rating of "Buy".

Coca-Cola Consolidated Trading Up 2.0%

COKE stock opened at $196.53 on Wednesday. Coca-Cola Consolidated, Inc. has a 1-year low of $110.60 and a 1-year high of $219.65. The business's 50 day moving average is $185.35 and its 200-day moving average is $186.58. The firm has a market cap of $13.08 billion, a P/E ratio of 26.07 and a beta of 0.55.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $2.83 EPS for the quarter. Coca-Cola Consolidated had a negative return on equity of 1,041.59% and a net margin of 7.15%.The business had revenue of $2.05 billion during the quarter.

Coca-Cola Consolidated Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Friday, July 24th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, July 24th. Coca-Cola Consolidated's payout ratio is currently 13.26%.

Coca-Cola Consolidated 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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