JPMorgan Chase & Co. Acquires 24,278 Shares of Coca-Cola Consolidated, Inc. $COKE

Key Points

• JPMorgan Chase & Co. raised its stake in Coca‑Cola Consolidated by 11.0%, buying 24,278 shares to hold 244,805 shares (about 0.29% of the company) valued at roughly $28.68 million.
• Other institutions also increased holdings — notably Boston Partners now owns 2,089,876 shares (≈$233.3 million) — and institutional investors collectively control about 48.24% of COKE.
• Shares are trading down ~6.5% (opened $188.39); the company has a $12.54 billion market cap, a P/E of 27.64, and pays a $0.25 quarterly dividend ($1.00 annualized, ~0.5% yield).

JPMorgan Chase & Co. boosted its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 11.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 244,805 shares of the company's stock after purchasing an additional 24,278 shares during the quarter. JPMorgan Chase & Co. owned about 0.29% of Coca-Cola Consolidated worth $28,681,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of COKE. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Coca-Cola Consolidated by 8.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,251 shares of the company's stock worth $23,289,000 after buying an additional 1,385 shares during the last quarter. Boston Partners lifted its holdings in shares of Coca-Cola Consolidated by 942.2% in the 2nd quarter. Boston Partners now owns 2,089,876 shares of the company's stock valued at $233,345,000 after acquiring an additional 1,889,358 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Coca-Cola Consolidated by 915.6% in the second quarter. PNC Financial Services Group Inc. now owns 2,407 shares of the company's stock worth $269,000 after acquiring an additional 2,170 shares in the last quarter. Creative Planning increased its stake in Coca-Cola Consolidated by 868.2% during the second quarter. Creative Planning now owns 25,240 shares of the company's stock worth $2,818,000 after acquiring an additional 22,633 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in Coca-Cola Consolidated by 886.9% during the second quarter. Cetera Investment Advisers now owns 17,824 shares of the company's stock worth $1,990,000 after acquiring an additional 16,018 shares during the last quarter. Institutional investors own 48.24% of the company's stock.

Coca-Cola Consolidated Trading Down 6.5%

Shares of NASDAQ COKE opened at $188.39 on Tuesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.97 and a current ratio of 1.26. The business's 50 day moving average price is $176.88 and its 200-day moving average price is $154.10. Coca-Cola Consolidated, Inc. has a fifty-two week low of $105.21 and a fifty-two week high of $219.65. The company has a market cap of $12.54 billion, a price-to-earnings ratio of 27.64 and a beta of 0.60.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $2.11 earnings per share (EPS) for the quarter. The company had revenue of $1.90 billion during the quarter. Coca-Cola Consolidated had a return on equity of 66.42% and a net margin of 7.89%.

Coca-Cola Consolidated Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 6th. Stockholders of record on Friday, January 23rd were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, January 23rd. Coca-Cola Consolidated's dividend payout ratio (DPR) is 14.66%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a "buy (b)" rating on shares of Coca-Cola Consolidated in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy".

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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