Oxford Financial Group LTD. LLC Buys Shares of 15,246 Coca-Cola Consolidated, Inc. $COKE

Key Points

• Oxford Financial Group acquired 15,246 shares of Coca-Cola Consolidated in the second quarter, valued at approximately $1.24 million. Institutional investors collectively own 48.24% of the company.
• COKE shares opened at $187.60, with a market capitalization of $12.49 billion, a price-to-earnings ratio of 24.88, and a 52-week range of $110.60 to $219.65.
• Coca-Cola Consolidated reported quarterly revenue of $2.05 billion and earnings of $2.83 per share, while maintaining a quarterly dividend of $0.25 per share, equivalent to a 0.5% yield.

Oxford Financial Group LTD. LLC purchased 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 and Exchange Commission. The firm purchased 15,246 shares of the company's stock, valued at approximately $1,239,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. BlackRock Inc. acquired a new stake in Coca-Cola Consolidated in the second quarter valued at about $26,229,118,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Coca-Cola Consolidated during the second quarter worth about $1,591,427,000. Deutsche Bank AG acquired a new position in Coca-Cola Consolidated during the second quarter worth about $1,346,125,000. Vanguard Group Inc. lifted its holdings in shares of 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 acquiring an additional 341,374 shares during the last quarter. Finally, Boston Partners lifted its holdings in shares of Coca-Cola Consolidated by 7.8% in the fourth quarter. Boston Partners now owns 2,329,643 shares of the company's stock worth $357,091,000 after acquiring an additional 169,555 shares during the last quarter. 48.24% of the stock is currently owned by institutional investors.

Coca-Cola Consolidated Stock Up 0.4%

COKE opened at $187.60 on Friday. Coca-Cola Consolidated, Inc. has a twelve month low of $110.60 and a twelve month high of $219.65. The company has a fifty day moving average of $184.97 and a 200-day moving average of $185.75. The stock has a market cap of $12.49 billion, a PE ratio of 24.88 and a beta of 0.55.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $2.83 earnings per share (EPS) for the quarter. The company 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 declared a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Friday, July 24th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Friday, July 24th. Coca-Cola Consolidated's dividend payout ratio is 13.26%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Wall Street Zen lowered shares of Coca-Cola Consolidated from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Weiss Ratings reissued a "buy (b)" rating on shares of Coca-Cola Consolidated in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Coca-Cola Consolidated presently has an average rating of "Buy".

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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