IFP Advisors Inc Boosts Position in Coca-Cola Consolidated, Inc. $COKE

IFP Advisors Inc increased its stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 1,311.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,739 shares of the company's stock after buying an additional 18,341 shares during the period. IFP Advisors Inc's holdings in Coca-Cola Consolidated were worth $2,204,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Linden Thomas Advisory Services LLC grew its stake in Coca-Cola Consolidated by 3.5% in the first quarter. Linden Thomas Advisory Services LLC now owns 265 shares of the company's stock worth $358,000 after purchasing an additional 9 shares in the last quarter. State of Alaska Department of Revenue grew its stake in Coca-Cola Consolidated by 0.3% in the first quarter. State of Alaska Department of Revenue now owns 3,973 shares of the company's stock worth $5,363,000 after purchasing an additional 10 shares in the last quarter. HBK Sorce Advisory LLC grew its stake in Coca-Cola Consolidated by 2.9% in the first quarter. HBK Sorce Advisory LLC now owns 357 shares of the company's stock worth $481,000 after purchasing an additional 10 shares in the last quarter. Monument Capital Management grew its stake in Coca-Cola Consolidated by 0.3% in the first quarter. Monument Capital Management now owns 3,955 shares of the company's stock worth $5,339,000 after purchasing an additional 10 shares in the last quarter. Finally, CW Advisors LLC increased its position in Coca-Cola Consolidated by 5.4% during the 1st quarter. CW Advisors LLC now owns 194 shares of the company's stock valued at $262,000 after purchasing an additional 10 shares during the period. Institutional investors own 48.24% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Weiss Ratings raised shares of Coca-Cola Consolidated from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday. Wall Street Zen raised shares of Coca-Cola Consolidated from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy".

Coca-Cola Consolidated Stock Up 1.0%

NASDAQ:COKE opened at $124.48 on Friday. Coca-Cola Consolidated, Inc. has a fifty-two week low of $105.21 and a fifty-two week high of $146.09. The stock has a market capitalization of $10.82 billion, a P/E ratio of 18.57 and a beta of 0.70. 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's 50-day simple moving average is $117.42 and its 200-day simple moving average is $126.11.

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

Coca-Cola Consolidated Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, October 24th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.8%. Coca-Cola Consolidated's dividend payout ratio 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.

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