Vanguard Personalized Indexing Management LLC Has $684,000 Holdings in Coca-Cola Consolidated, Inc. $COKE

Key Points

• Vanguard Personalized Indexing Management LLC significantly increased its holdings in Coca-Cola Consolidated by 902.6%, owning 6,126 shares worth approximately $684,000 by the end of the second quarter.
• The company's quarterly earnings showed $2.24 earnings per share (EPS) and a net margin of 8.43%, alongside a revenue of $1.86 billion during the reported quarter.
• Coca-Cola Consolidated announced a quarterly dividend of $0.25, representing an annualized payout of $1.00, with an ex-dividend date set for October 24th.

Vanguard Personalized Indexing Management LLC grew its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 902.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,126 shares of the company's stock after buying an additional 5,515 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Coca-Cola Consolidated were worth $684,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Linden Thomas Advisory Services LLC raised its stake in Coca-Cola Consolidated by 3.5% during the 1st 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 during the period. HBK Sorce Advisory LLC grew its holdings in shares of Coca-Cola Consolidated by 2.9% during the first quarter. HBK Sorce Advisory LLC now owns 357 shares of the company's stock valued at $481,000 after buying an additional 10 shares in the last quarter. Monument Capital Management raised its position in Coca-Cola Consolidated by 0.3% during the first quarter. Monument Capital Management now owns 3,955 shares of the company's stock valued at $5,339,000 after buying an additional 10 shares during the period. CW Advisors LLC lifted its stake in Coca-Cola Consolidated by 5.4% in the 1st quarter. CW Advisors LLC now owns 194 shares of the company's stock worth $262,000 after acquiring an additional 10 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. boosted its position in 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. Institutional investors and hedge funds own 48.24% of the company's stock.

Coca-Cola Consolidated Stock Performance

Shares of COKE opened at $132.64 on Tuesday. The firm has a market cap of $11.53 billion, a price-to-earnings ratio of 19.79 and a beta of 0.70. The company's fifty day moving average is $119.27 and its 200-day moving average is $125.77. 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 12 month low of $105.21 and a 12 month high of $146.09.

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

Coca-Cola Consolidated Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on COKE. Wall Street Zen upgraded Coca-Cola Consolidated from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Weiss Ratings raised shares of Coca-Cola Consolidated from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, October 8th. One 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 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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