Strategic Blueprint LLC Buys 4,117 Shares of Coca-Cola Consolidated, Inc. $COKE

Key Points

• Strategic Blueprint LLC significantly increased its stake in Coca-Cola Consolidated by 883.5%, acquiring an additional 4,117 shares during the second quarter, bringing its total holdings to 4,583 shares valued at approximately $512,000.
• Several brokerages have recently upgraded their ratings for Coca-Cola Consolidated, with analysts indicating a consensus rating of "Buy".
• Coca-Cola Consolidated has declared a quarterly dividend of $0.25 per share, with an annualized yield of 0.8%, to be paid on November 7th.

Strategic Blueprint LLC raised its stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 883.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,583 shares of the company's stock after purchasing an additional 4,117 shares during the quarter. Strategic Blueprint LLC's holdings in Coca-Cola Consolidated were worth $512,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Linden Thomas Advisory Services LLC grew its stake in Coca-Cola Consolidated by 3.5% in the first quarter. Linden Thomas Advisory Services LLC now owns 265 shares of the company's stock valued at $358,000 after purchasing an additional 9 shares in the last quarter. Monument Capital Management boosted its stake in shares of Coca-Cola Consolidated by 0.3% during the 1st quarter. Monument Capital Management now owns 3,955 shares of the company's stock worth $5,339,000 after acquiring an additional 10 shares during the period. CW Advisors LLC boosted its stake in shares of Coca-Cola Consolidated by 5.4% during the 1st quarter. CW Advisors LLC now owns 194 shares of the company's stock worth $262,000 after acquiring an additional 10 shares during the period. Resona Asset Management Co. Ltd. boosted its stake in shares of Coca-Cola Consolidated by 2.7% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 455 shares of the company's stock worth $614,000 after acquiring an additional 12 shares during the period. Finally, SBI Securities Co. Ltd. boosted its stake in shares of Coca-Cola Consolidated by 10.8% during the 1st quarter. SBI Securities Co. Ltd. now owns 164 shares of the company's stock worth $221,000 after acquiring an additional 16 shares during the period. 48.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on COKE. Weiss Ratings reiterated a "buy (b-)" rating on shares of Coca-Cola Consolidated in a research note on Friday. Wall Street Zen upgraded Coca-Cola Consolidated from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Coca-Cola Consolidated has a consensus rating of "Buy".

Coca-Cola Consolidated Stock Performance

NASDAQ:COKE opened at $127.66 on Friday. The stock has a market cap of $11.09 billion, a P/E ratio of 19.05 and a beta of 0.70. The stock has a 50 day simple moving average of $120.47 and a 200 day simple moving average of $125.79. The company has a current ratio of 2.04, a quick ratio of 1.78 and a debt-to-equity ratio of 0.88. Coca-Cola Consolidated, Inc. has a 1-year low of $105.21 and a 1-year high of $146.09.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The company reported $2.24 earnings per share for the quarter. The business had revenue of $1.86 billion during the quarter. Coca-Cola Consolidated had a return on equity of 44.91% and a net margin of 8.43%.

Coca-Cola Consolidated Announces Dividend

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

Coca-Cola Consolidated Profile

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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