RW Investment Management LLC Makes New $481,000 Investment in Coca-Cola Consolidated, Inc. $COKE

Key Points

• RW Investment Management purchased 5,920 shares of Coca-Cola Consolidated, valued at approximately $481,000, during the second quarter.
• Institutional ownership remains significant at 48.24%, with Vanguard and several other investment firms increasing their positions.
• Coca-Cola Consolidated reported quarterly revenue of $2.05 billion and earnings of $2.83 per share; analysts maintain an overall “Buy” rating, while the company pays a $0.25 quarterly dividend.

RW Investment Management LLC purchased a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,920 shares of the company's stock, valued at approximately $481,000.

A number of other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Coca-Cola Consolidated by 6.4% during the fourth quarter. Vanguard Group Inc. now owns 5,686,058 shares of the company's stock worth $871,673,000 after buying an additional 341,374 shares in the last quarter. Horizon Investments LLC raised its holdings in shares of Coca-Cola Consolidated by 1,655,666.7% in the 4th quarter. Horizon Investments LLC now owns 49,673 shares of the company's stock valued at $7,602,000 after acquiring an additional 49,670 shares in the last quarter. Vest Financial LLC raised its holdings in shares of Coca-Cola Consolidated by 60.8% in the 4th 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 in the last quarter. James Investment Research Inc. boosted its position in shares of Coca-Cola Consolidated by 62.2% during the 4th 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 boosted its position in shares of Coca-Cola Consolidated by 285.2% during the 1st 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 during the last quarter. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Coca-Cola Consolidated Price Performance

NASDAQ COKE opened at $189.11 on Monday. The stock's 50-day simple moving average is $184.81 and its two-hundred day simple moving average is $184.70. Coca-Cola Consolidated, Inc. has a twelve month low of $110.60 and a twelve month high of $219.65. The company has a market capitalization of $12.59 billion, a price-to-earnings ratio of 25.08 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 for the quarter. Coca-Cola Consolidated had a negative return on equity of 1,041.59% and a net margin of 7.15%.The company had revenue of $2.05 billion for the quarter.

Coca-Cola Consolidated Announces Dividend

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

About Coca-Cola Consolidated

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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