M. Kulyk & Associates LLC acquired a new position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 26,271 shares of the company's stock, valued at approximately $2,135,000.
Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Coca-Cola Consolidated by 6.4% in the fourth quarter. Vanguard Group Inc. now owns 5,686,058 shares of the company's stock worth $871,673,000 after purchasing an additional 341,374 shares in the last quarter. Horizon Investments LLC raised its holdings in Coca-Cola Consolidated by 1,655,666.7% during the fourth quarter. Horizon Investments LLC now owns 49,673 shares of the company's stock valued at $7,602,000 after buying an additional 49,670 shares in the last quarter. Vest Financial LLC raised its holdings in Coca-Cola Consolidated by 60.8% during the fourth quarter. Vest Financial LLC now owns 232,597 shares of the company's stock valued at $35,657,000 after buying an additional 87,912 shares in the last quarter. James Investment Research Inc. lifted its position in shares of Coca-Cola Consolidated by 62.2% in the fourth quarter. James Investment Research Inc. now owns 22,412 shares of the company's stock worth $3,436,000 after buying an additional 8,593 shares during the last quarter. Finally, Argyle Capital Partners LLC acquired a new stake in shares of Coca-Cola Consolidated in the second quarter worth about $479,000. Institutional investors and hedge funds own 48.24% of the company's stock.
Analyst Ratings Changes
Several analysts have recently issued reports on the company. Wall Street Zen downgraded 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 report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Coca-Cola Consolidated currently has an average rating of "Buy".
Get Our Latest Research Report on Coca-Cola Consolidated
Coca-Cola Consolidated Trading Up 1.3%
NASDAQ:COKE opened at $188.64 on Wednesday. The firm has a market capitalization of $12.56 billion, a PE ratio of 25.02 and a beta of 0.55. Coca-Cola Consolidated, Inc. has a 1 year low of $110.60 and a 1 year high of $219.65. The firm's fifty day simple moving average is $185.03 and its 200 day simple moving average is $185.23.
Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last released its 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 firm had revenue of $2.05 billion during the quarter.
Coca-Cola Consolidated Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Friday, July 24th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, July 24th. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. Coca-Cola Consolidated's dividend payout ratio is 13.26%.
About Coca-Cola Consolidated
(
Free Report)
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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