2,261 Shares in Coca-Cola Consolidated, Inc. $COKE Purchased by Gallacher Capital Management LLC

Key Points

• Gallacher Capital Management LLC has invested approximately $252,000 in Coca-Cola Consolidated, acquiring 2,261 shares during the 2nd quarter.
• Other institutional investors, including Victory Capital Management and Jones Financial Companies, have also recently increased their holdings in Coca-Cola Consolidated, reflecting heightened interest in the company.
• Coca-Cola Consolidated's latest earnings report showed $2.24 earnings per share and a revenue of $1.86 billion, along with a recently announced quarterly dividend of $0.25 per share.

Gallacher Capital Management LLC acquired a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,261 shares of the company's stock, valued at approximately $252,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its position in Coca-Cola Consolidated by 33.2% in the first quarter. Victory Capital Management Inc. now owns 11,310 shares of the company's stock worth $15,268,000 after purchasing an additional 2,821 shares during the period. Bank of New York Mellon Corp lifted its position in Coca-Cola Consolidated by 4.4% in the first quarter. Bank of New York Mellon Corp now owns 60,812 shares of the company's stock worth $82,097,000 after purchasing an additional 2,545 shares during the period. Jones Financial Companies Lllp lifted its position in Coca-Cola Consolidated by 265,541.3% in the first quarter. Jones Financial Companies Lllp now owns 502,062 shares of the company's stock worth $677,784,000 after purchasing an additional 501,873 shares during the period. Two Sigma Advisers LP acquired a new stake in Coca-Cola Consolidated in the fourth quarter worth approximately $378,000. Finally, Edgestream Partners L.P. acquired a new stake in Coca-Cola Consolidated in the first quarter worth approximately $3,638,000. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Coca-Cola Consolidated Stock Up 1.2%

Shares of NASDAQ:COKE traded up $1.31 during midday trading on Friday, hitting $113.22. 2,553,324 shares of the stock were exchanged, compared to its average volume of 483,040. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.78 and a current ratio of 2.04. The company has a market capitalization of $9.84 billion, a PE ratio of 16.89 and a beta of 0.76. Coca-Cola Consolidated, Inc. has a 52-week low of $105.21 and a 52-week high of $146.09. The business's fifty day simple moving average is $116.11 and its two-hundred day simple moving average is $127.48.

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

Coca-Cola Consolidated Announces Dividend

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

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.