Oxbow Advisors LLC Has $266,000 Holdings in Coca-Cola Consolidated, Inc. $COKE

Key Points

• Oxbow Advisors LLC increased its holdings in Coca-Cola Consolidated, Inc. by 900% in Q2, now owning 2,380 shares valued at $266,000.
• Several institutional investors have significantly increased their positions in Coca-Cola Consolidated during the same quarter, with 48.24% of the stock owned by institutional investors and hedge funds.
• Wall Street analysts have upgraded Coca-Cola Consolidated's stock rating, with a current consensus rating of "Buy."

Oxbow Advisors LLC grew its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 900.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,380 shares of the company's stock after buying an additional 2,142 shares during the quarter. Oxbow Advisors LLC's holdings in Coca-Cola Consolidated were worth $266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in COKE. Harbour Investments Inc. lifted its holdings in shares of Coca-Cola Consolidated by 1,071.4% during the 2nd quarter. Harbour Investments Inc. now owns 328 shares of the company's stock valued at $37,000 after buying an additional 300 shares during the last quarter. Beacon Capital Management LLC lifted its holdings in shares of Coca-Cola Consolidated by 905.0% during the 2nd quarter. Beacon Capital Management LLC now owns 402 shares of the company's stock valued at $45,000 after buying an additional 362 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in shares of Coca-Cola Consolidated by 905.0% during the 2nd quarter. Sound Income Strategies LLC now owns 402 shares of the company's stock valued at $45,000 after buying an additional 362 shares during the last quarter. Wayfinding Financial LLC acquired a new stake in shares of Coca-Cola Consolidated during the 1st quarter valued at about $46,000. Finally, Semmax Financial Advisors Inc. acquired a new stake in shares of Coca-Cola Consolidated during the 1st quarter valued at about $50,000. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on COKE shares. Wall Street Zen upgraded Coca-Cola Consolidated from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Weiss Ratings upgraded Coca-Cola Consolidated from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Coca-Cola Consolidated presently has a consensus rating of "Buy".

Coca-Cola Consolidated Stock Up 2.9%

Shares of COKE stock opened at $130.59 on Friday. Coca-Cola Consolidated, Inc. has a 12 month low of $105.21 and a 12 month high of $146.09. The firm has a market cap of $11.35 billion, a PE ratio of 19.49 and a beta of 0.70. The stock has a 50 day moving average of $118.56 and a 200-day moving average of $125.99. 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 (NASDAQ:COKE - Get Free Report) last issued 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 company had revenue of $1.86 billion during the quarter.

Coca-Cola Consolidated Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, October 24th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, October 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.8%. Coca-Cola Consolidated's payout ratio is 14.93%.

About Coca-Cola Consolidated

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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