Values First Advisors Inc. Buys New Shares in Coca-Cola Consolidated, Inc. $COKE

Key Points

• Values First Advisors opened a new position in Coca‑Cola Consolidated, buying 5,437 shares worth about $833,000 in Q4, while several other funds also added stakes and institutional ownership stands at 48.24%.
• The company reported Q earnings of $2.11 EPS on $1.90 billion in revenue, with a net margin of 7.89% and ROE of 66.42%; Coca‑Cola Consolidated has a market cap of $12.9 billion and a P/E of 28.44.
• Coca‑Cola Consolidated declared a quarterly dividend of $0.25 (annualized $1.00, yield 0.5%, ex‑dividend Apr 24), the stock trades in a one‑year range of $105.21–$219.65 (recently around $193.86), and Weiss Ratings reaffirmed a "Buy" with a consensus rating of "Buy".

Values First Advisors Inc. bought a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,437 shares of the company's stock, valued at approximately $833,000.

Several other hedge funds have also recently made changes to their positions in the company. Torren Management LLC acquired a new position in shares of Coca-Cola Consolidated in the 4th quarter valued at $29,000. M&T Bank Corp acquired a new position in shares of Coca-Cola Consolidated in the 4th quarter valued at $271,000. D.A. Davidson & CO. purchased a new stake in Coca-Cola Consolidated in the fourth quarter valued at $227,000. James Investment Research Inc. boosted its holdings in Coca-Cola Consolidated by 62.2% in the fourth quarter. James Investment Research Inc. now owns 22,412 shares of the company's stock valued at $3,436,000 after purchasing an additional 8,593 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its holdings in Coca-Cola Consolidated by 8.2% in the fourth quarter. Sanctuary Advisors LLC now owns 8,554 shares of the company's stock valued at $1,311,000 after purchasing an additional 646 shares during the last quarter. 48.24% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Consolidated Price Performance

NASDAQ:COKE opened at $193.86 on Tuesday. Coca-Cola Consolidated, Inc. has a one year low of $105.21 and a one year high of $219.65. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.97 and a current ratio of 1.26. The firm has a market cap of $12.90 billion, a price-to-earnings ratio of 28.44 and a beta of 0.61. The firm's fifty day moving average is $196.06 and its two-hundred day moving average is $167.06.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last posted its earnings results on Wednesday, February 18th. The company reported $2.11 earnings per share (EPS) for the quarter. Coca-Cola Consolidated had a net margin of 7.89% and a return on equity of 66.42%. The business had revenue of $1.90 billion for the quarter.

Coca-Cola Consolidated Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 24th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, April 24th. Coca-Cola Consolidated's dividend payout ratio is presently 14.66%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Coca-Cola Consolidated in a report on Friday, March 27th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy".

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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