UP Strategic Wealth Investment Advisors LLC bought a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,991 shares of the company's stock, valued at approximately $520,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Quarry LP acquired a new position in shares of Coca-Cola Consolidated during the 3rd quarter worth $25,000. Advisory Services Network LLC purchased a new position in shares of Coca-Cola Consolidated during the 3rd quarter worth approximately $25,000. J.Safra Asset Management Corp purchased a new position in Coca-Cola Consolidated during the second quarter worth $26,000. Newbridge Financial Services Group Inc. raised its stake in 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 purchasing an additional 207 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its position in shares of 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 buying an additional 225 shares during the last quarter. Institutional investors and hedge funds own 48.24% of the company's stock.
Coca-Cola Consolidated Trading Down 1.5%
Coca-Cola Consolidated stock opened at $186.21 on Tuesday. Coca-Cola Consolidated, Inc. has a 52 week low of $110.60 and a 52 week high of $219.65. The stock has a market cap of $12.39 billion, a P/E ratio of 24.70 and a beta of 0.55. The stock has a 50 day moving average of $184.96 and a 200-day moving average of $184.96.
Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $2.83 earnings per share for the quarter. The company had revenue of $2.05 billion during the quarter. Coca-Cola Consolidated had a net margin of 7.15% and a negative return on equity of 1,041.59%.
Coca-Cola Consolidated Announces Dividend
The firm 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. 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 payout ratio is currently 13.26%.
Analysts Set New Price Targets
COKE has been the topic of several recent analyst reports. Weiss Ratings reiterated 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 report on Saturday, August 8th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy".
Check Out Our Latest Report on COKE
Coca-Cola Consolidated Profile
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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.
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