Meritage Portfolio Management grew its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 847.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,630 shares of the company's stock after buying an additional 7,719 shares during the period. Meritage Portfolio Management's holdings in Coca-Cola Consolidated were worth $964,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Linden Thomas Advisory Services LLC increased its position in Coca-Cola Consolidated by 3.5% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 265 shares of the company's stock worth $358,000 after buying an additional 9 shares during the period. State of Alaska Department of Revenue increased its position in Coca-Cola Consolidated by 0.3% during the 1st quarter. State of Alaska Department of Revenue now owns 3,973 shares of the company's stock worth $5,363,000 after buying an additional 10 shares during the period. HBK Sorce Advisory LLC increased its position in Coca-Cola Consolidated by 2.9% during the 1st quarter. HBK Sorce Advisory LLC now owns 357 shares of the company's stock worth $481,000 after buying an additional 10 shares during the period. Monument Capital Management increased its position in Coca-Cola Consolidated by 0.3% during the 1st quarter. Monument Capital Management now owns 3,955 shares of the company's stock worth $5,339,000 after buying an additional 10 shares during the period. 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 worth $262,000 after buying an additional 10 shares during the period. Institutional investors own 48.24% of the company's stock.
Analyst Ratings Changes
Several analysts have recently issued reports on the company. Weiss Ratings raised Coca-Cola Consolidated from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, October 8th. Wall Street Zen raised Coca-Cola Consolidated from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy".
Read Our Latest Analysis on Coca-Cola Consolidated
Coca-Cola Consolidated Stock Performance
NASDAQ:COKE opened at $124.48 on Monday. The stock's 50-day simple moving average is $117.42 and its 200 day simple moving average is $126.07. The firm has a market capitalization of $10.82 billion, a PE ratio of 18.57 and a beta of 0.70. The company has a quick ratio of 1.78, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. Coca-Cola Consolidated, Inc. has a twelve month low of $105.21 and a twelve month high of $146.09.
Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported $2.24 EPS 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 for the quarter.
Coca-Cola Consolidated Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, October 24th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.8%. Coca-Cola Consolidated's dividend payout ratio is presently 14.93%.
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.
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