Johnson Investment Counsel Inc. boosted its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 1,174.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,177 shares of the company's stock after purchasing an additional 28,731 shares during the period. Johnson Investment Counsel Inc.'s holdings in Coca-Cola Consolidated were worth $3,481,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Inspire Investing LLC grew its holdings in shares of Coca-Cola Consolidated by 973.5% during the 2nd quarter. Inspire Investing LLC now owns 2,512 shares of the company's stock worth $280,000 after acquiring an additional 2,278 shares during the period. Blue Trust Inc. boosted its position in shares of Coca-Cola Consolidated by 935.0% in the 2nd quarter. Blue Trust Inc. now owns 828 shares of the company's stock worth $92,000 after purchasing an additional 748 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Coca-Cola Consolidated by 1,311.9% in the 2nd quarter. IFP Advisors Inc now owns 19,739 shares of the company's stock worth $2,204,000 after purchasing an additional 18,341 shares in the last quarter. Callan Family Office LLC boosted its position in shares of Coca-Cola Consolidated by 1,608.9% in the 2nd quarter. Callan Family Office LLC now owns 4,050 shares of the company's stock worth $452,000 after purchasing an additional 3,813 shares in the last quarter. Finally, Maryland State Retirement & Pension System boosted its position in shares of Coca-Cola Consolidated by 900.0% in the 2nd quarter. Maryland State Retirement & Pension System now owns 2,820 shares of the company's stock worth $315,000 after purchasing an additional 2,538 shares in the last quarter. Hedge funds and other institutional investors own 48.24% of the company's stock.
Coca-Cola Consolidated Trading Up 1.0%
Shares of COKE stock opened at $124.48 on Monday. Coca-Cola Consolidated, Inc. has a 52-week low of $105.21 and a 52-week high of $146.09. 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 firm has a market capitalization of $10.82 billion, a PE ratio of 18.57 and a beta of 0.70. The stock has a fifty day simple moving average of $117.42 and a two-hundred day simple moving average of $126.07.
Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $2.24 earnings per share for the quarter. Coca-Cola Consolidated had a return on equity of 44.91% and a net margin of 8.43%.The firm had revenue of $1.86 billion during the quarter.
Coca-Cola Consolidated Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, October 24th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.8%. Coca-Cola Consolidated's dividend payout ratio is presently 14.93%.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the company. Weiss Ratings raised Coca-Cola Consolidated from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, October 8th. Wall Street Zen upgraded Coca-Cola Consolidated from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy".
View Our Latest Stock Report on Coca-Cola Consolidated
About Coca-Cola Consolidated
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding COKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report).

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