N.E.W. Advisory Services LLC Makes New Investment in Coca-Cola Consolidated, Inc. $COKE

Key Points

• N.E.W. Advisory Services LLC purchased 10,985 shares of Coca-Cola Consolidated worth approximately $893,000 during the second quarter. Institutional investors collectively own 48.24% of the company.
• COKE analysts remain broadly positive: Weiss Ratings reaffirmed a “buy,” while Wall Street Zen downgraded the stock to “hold”; MarketBeat reports a consensus “Buy” rating.
• Coca-Cola Consolidated reported quarterly EPS of $2.83 on $2.05 billion in revenue and pays a quarterly dividend of $0.25, equal to a $1.00 annualized payout and a 0.5% yield.

N.E.W. Advisory Services LLC bought a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 10,985 shares of the company's stock, valued at approximately $893,000.

A number of other institutional investors and hedge funds have also modified their holdings of COKE. Vanguard Group Inc. lifted its stake in Coca-Cola Consolidated by 6.4% in the 4th quarter. Vanguard Group Inc. now owns 5,686,058 shares of the company's stock valued at $871,673,000 after buying an additional 341,374 shares in the last quarter. Horizon Investments LLC increased its stake in Coca-Cola Consolidated by 1,655,666.7% during the 4th quarter. Horizon Investments LLC now owns 49,673 shares of the company's stock worth $7,602,000 after buying an additional 49,670 shares in the last quarter. Vest Financial LLC raised its holdings in shares of 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 acquiring an additional 87,912 shares during the last quarter. James Investment Research Inc. raised its holdings in shares of Coca-Cola Consolidated by 62.2% during the fourth quarter. James Investment Research Inc. now owns 22,412 shares of the company's stock valued at $3,436,000 after acquiring an additional 8,593 shares during the last quarter. Finally, Walleye Capital LLC lifted its position in shares of Coca-Cola Consolidated by 285.2% in the first quarter. Walleye Capital LLC now owns 86,972 shares of the company's stock valued at $16,676,000 after acquiring an additional 64,396 shares in the last quarter. Hedge funds and other institutional investors own 48.24% of the company's stock.

Analyst Ratings Changes

COKE has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Coca-Cola Consolidated in a research note on Wednesday, June 24th. Wall Street Zen cut shares of Coca-Cola Consolidated from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy".

Coca-Cola Consolidated Price Performance

Shares of NASDAQ:COKE opened at $189.11 on Monday. Coca-Cola Consolidated, Inc. has a 52-week low of $110.60 and a 52-week high of $219.65. The stock has a market cap of $12.59 billion, a P/E ratio of 25.08 and a beta of 0.55. The business has a fifty day moving average of $184.81 and a two-hundred day moving average of $184.70.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $2.83 EPS for the quarter. The business had revenue of $2.05 billion for the quarter. Coca-Cola Consolidated had a negative return on equity of 1,041.59% and a net margin of 7.15%.

Coca-Cola Consolidated Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Friday, July 24th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date was Friday, July 24th. Coca-Cola Consolidated's payout ratio is presently 13.26%.

Coca-Cola Consolidated 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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