Focus Partners Advisor Solutions LLC Takes Position in Coca-Cola Consolidated, Inc. $COKE

Key Points

• Focus Partners Advisor Solutions LLC acquired 62,971 shares of Coca-Cola Consolidated during the second quarter, valued at approximately $5.1 million and representing about 0.09% ownership.
• Institutional investors and hedge funds own 48.24% of the company, while analyst sentiment remains positive with a consensus “Buy” rating despite Wall Street Zen downgrading the stock to “Hold.”
• Coca-Cola Consolidated reported quarterly revenue of $2.05 billion and earnings of $2.83 per share. Its stock opened at $189.11, and the company maintains a quarterly dividend of $0.25, equivalent to a 0.5% annual yield.

Focus Partners Advisor Solutions LLC acquired a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 62,971 shares of the company's stock, valued at approximately $5,118,000. Focus Partners Advisor Solutions LLC owned approximately 0.09% of Coca-Cola Consolidated as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Quarry LP bought a new position in Coca-Cola Consolidated in the 3rd quarter valued at about $25,000. Advisory Services Network LLC bought a new stake in shares of Coca-Cola Consolidated during the 3rd quarter worth about $25,000. Newbridge Financial Services Group Inc. lifted its stake in shares of Coca-Cola Consolidated by 900.0% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 230 shares of the company's stock worth $26,000 after acquiring an additional 207 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Coca-Cola Consolidated by 900.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 250 shares of the company's stock worth $28,000 after acquiring an additional 225 shares during the period. Finally, Rakuten Securities Inc. boosted its holdings in shares of Coca-Cola Consolidated by 1,646.7% in the second quarter. Rakuten Securities Inc. now owns 262 shares of the company's stock valued at $29,000 after acquiring an additional 247 shares in the last quarter. Institutional investors and hedge funds own 48.24% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Wall Street Zen lowered shares of Coca-Cola Consolidated from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Weiss Ratings restated a "buy (b)" rating on shares of Coca-Cola Consolidated in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy".

Coca-Cola Consolidated Stock Down 0.6%

NASDAQ:COKE opened at $189.11 on Friday. The business's 50-day moving average price is $184.81 and its 200 day moving average price is $184.46. Coca-Cola Consolidated, Inc. has a 52-week low of $110.60 and a 52-week high of $219.65. The firm has a market cap of $12.59 billion, a P/E ratio of 25.08 and a beta of 0.55.

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

Coca-Cola Consolidated Dividend Announcement

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

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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