U.S. Capital Wealth Advisors LLC Raises Stake in Coca-Cola Consolidated, Inc. $COKE

Key Points

• U.S. Capital Wealth Advisors LLC significantly increased its stake in Coca-Cola Consolidated, Inc. by 663.1% during the second quarter, now holding 19,000 shares worth approximately $2.12 million.
• Several other hedge funds also boosted their positions, with Diversified Trust Co increasing its holdings by 900% and Jones Financial Companies lifting theirs by 265,541.3%.
• Coca-Cola Consolidated has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, signaling potential investor confidence.

U.S. Capital Wealth Advisors LLC raised its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 663.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,000 shares of the company's stock after acquiring an additional 16,510 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Coca-Cola Consolidated were worth $2,121,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Diversified Trust Co boosted its stake in shares of Coca-Cola Consolidated by 900.0% in the 2nd quarter. Diversified Trust Co now owns 1,462,487 shares of the company's stock valued at $163,287,000 after purchasing an additional 1,316,233 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Coca-Cola Consolidated by 265,541.3% in the first quarter. Jones Financial Companies Lllp now owns 502,062 shares of the company's stock worth $677,784,000 after purchasing an additional 501,873 shares during the last quarter. Boston Partners lifted its stake in shares of Coca-Cola Consolidated by 676.9% in the 1st quarter. Boston Partners now owns 200,518 shares of the company's stock valued at $270,711,000 after acquiring an additional 174,709 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Coca-Cola Consolidated by 175,140.4% during the 1st quarter. GAMMA Investing LLC now owns 182,250 shares of the company's stock valued at $246,038,000 after acquiring an additional 182,146 shares during the period. Finally, AQR Capital Management LLC grew its position in Coca-Cola Consolidated by 16.2% during the 1st quarter. AQR Capital Management LLC now owns 86,516 shares of the company's stock worth $114,206,000 after acquiring an additional 12,066 shares during the last quarter. 48.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Coca-Cola Consolidated from a "hold" rating to a "buy" rating in a report on Saturday, July 26th.

Coca-Cola Consolidated Trading Down 0.2%

COKE opened at $114.71 on Wednesday. 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, Inc. has a 52 week low of $105.21 and a 52 week high of $146.09. The stock has a market cap of $9.97 billion, a PE ratio of 17.12 and a beta of 0.76. The business has a 50 day moving average of $116.27 and a 200-day moving average of $127.17.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $2.24 earnings per share (EPS) 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Friday, July 25th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, July 25th. This represents a $1.00 annualized dividend and a yield of 0.9%. Coca-Cola Consolidated's payout ratio is presently 14.93%.

Coca-Cola Consolidated Company 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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