First Nebraska Trust Co Invests $6.06 Million in Coca-Cola Consolidated, Inc. $COKE

Key Points

• First Nebraska Trust Co purchased 74,583 shares of Coca-Cola Consolidated worth approximately $6.06 million, giving it a 0.11% stake. Institutional investors and hedge funds collectively own 48.24% of the company.
• Coca-Cola Consolidated reported quarterly earnings of $2.83 per share on revenue of $2.05 billion, with a 7.15% net margin. The company also maintains a quarterly dividend of $0.25 per share, equivalent to a 0.5% yield.
• COKE shares opened at $189.10, compared with a 12-month range of $110.60 to $219.65. MarketBeat data shows a consensus “Buy” rating, although Wall Street Zen recently downgraded the stock to “Hold.”

First Nebraska Trust Co bought a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 74,583 shares of the company's stock, valued at approximately $6,061,000. First Nebraska Trust Co owned 0.11% of Coca-Cola Consolidated at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in COKE. Vanguard Group Inc. lifted its stake in shares of Coca-Cola Consolidated by 6.4% during the fourth 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 purchased a new stake in shares of Coca-Cola Consolidated in the second quarter worth about $573,000. Horizon Investments LLC grew its stake in shares of 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 valued at $7,602,000 after buying an additional 49,670 shares in the last quarter. Vest Financial LLC grew its stake in shares of Coca-Cola Consolidated by 60.8% in the fourth quarter. Vest Financial LLC now owns 232,597 shares of the company's stock valued at $35,657,000 after buying an additional 87,912 shares in the last quarter. Finally, James Investment Research Inc. raised its holdings in shares of Coca-Cola Consolidated by 62.2% during the 4th quarter. James Investment Research Inc. now owns 22,412 shares of the company's stock valued at $3,436,000 after buying an additional 8,593 shares during the period. Institutional investors and hedge funds own 48.24% of the company's stock.

Coca-Cola Consolidated Price Performance

Shares of COKE stock opened at $189.10 on Friday. Coca-Cola Consolidated, Inc. has a 12 month low of $110.60 and a 12 month high of $219.65. The firm has a market capitalization of $12.59 billion, a P/E ratio of 25.08 and a beta of 0.55. The company's fifty day moving average price is $185.00 and its two-hundred day moving average price is $185.77.

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

Coca-Cola Consolidated Announces Dividend

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

Wall Street Analysts Forecast Growth

COKE has been the topic of several recent research reports. Wall Street Zen lowered Coca-Cola Consolidated from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Coca-Cola Consolidated in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Coca-Cola Consolidated has a consensus rating of "Buy".

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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