Osmosis Investment Management UK Ltd purchased a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 206,323 shares of the company's stock, valued at approximately $16,768,000. Coca-Cola Consolidated comprises 0.8% of Osmosis Investment Management UK Ltd's portfolio, making the stock its 23rd biggest position. Osmosis Investment Management UK Ltd owned 0.31% of Coca-Cola Consolidated at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the stock. Quarry LP purchased a new position in shares of Coca-Cola Consolidated during the 3rd quarter valued at $25,000. Advisory Services Network LLC bought a new stake in Coca-Cola Consolidated during the 3rd quarter worth approximately $25,000. J.Safra Asset Management Corp purchased a new stake in shares of Coca-Cola Consolidated in the second quarter worth $26,000. Newbridge Financial Services Group Inc. raised its holdings in shares of Coca-Cola Consolidated by 900.0% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 230 shares of the company's stock valued at $26,000 after acquiring an additional 207 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in Coca-Cola Consolidated by 900.0% in the second quarter. Geneos Wealth Management Inc. now owns 250 shares of the company's stock valued at $28,000 after purchasing an additional 225 shares in the last quarter. Hedge funds and other institutional investors own 48.24% of the company's stock.
Analysts Set New Price Targets
A number of analysts recently weighed in on the company. Wall Street Zen downgraded Coca-Cola Consolidated from a "buy" rating to a "hold" rating in a research report 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 data from MarketBeat, Coca-Cola Consolidated currently has a consensus rating of "Buy".
View Our Latest Stock Report on Coca-Cola Consolidated
Coca-Cola Consolidated Price Performance
Shares of COKE stock opened at $189.10 on Monday. The business has a 50-day moving average of $185.00 and a 200 day moving average of $185.99. Coca-Cola Consolidated, Inc. has a 1-year low of $110.60 and a 1-year high of $219.65. The stock has a market capitalization of $12.59 billion, a PE ratio of 25.08 and a beta of 0.55.
Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $2.83 EPS for the quarter. Coca-Cola Consolidated had a negative return on equity of 1,041.59% and a net margin of 7.15%.The business had revenue of $2.05 billion for the quarter.
Coca-Cola Consolidated Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Friday, July 24th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, July 24th. Coca-Cola Consolidated's payout ratio is presently 13.26%.
Coca-Cola Consolidated Profile
(
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.
Recommended Stories
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).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Coca-Cola Consolidated, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Coca-Cola Consolidated wasn't on the list.
While Coca-Cola Consolidated currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The AI wave will soon hit public markets with Anthropic and OpenAI set to go public later this year. However, you don't have to wait to invest. This report shows seven AI stocks that you can buy today while the big model providers get ready to go public.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
