Whalen Wealth Management Inc. purchased a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,658 shares of the company's stock, valued at approximately $866,000.
Several other large investors also recently bought and sold shares of COKE. BlackRock Inc. acquired a new position in shares of Coca-Cola Consolidated during the 2nd quarter worth approximately $26,229,118,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Coca-Cola Consolidated in the 2nd quarter valued at $1,591,427,000. GQG Partners LLC acquired a new stake in shares of Coca-Cola Consolidated in the 2nd quarter worth $1,494,498,000. Deutsche Bank AG purchased a new position in shares of Coca-Cola Consolidated during the 2nd quarter worth $1,346,125,000. Finally, Vanguard Group Inc. boosted its position in shares of Coca-Cola Consolidated by 6.4% during the 4th quarter. Vanguard Group Inc. now owns 5,686,058 shares of the company's stock valued at $871,673,000 after acquiring an additional 341,374 shares during the last quarter. Hedge funds and other institutional investors own 48.24% of the company's stock.
Coca-Cola Consolidated Stock Performance
Shares of Coca-Cola Consolidated stock opened at $192.60 on Tuesday. The stock has a 50 day moving average of $185.14 and a 200 day moving average of $186.25. The firm has a market capitalization of $12.82 billion, a price-to-earnings ratio of 25.54 and a beta of 0.55. Coca-Cola Consolidated, Inc. has a fifty-two week low of $110.60 and a fifty-two week high of $219.65.
Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $2.83 EPS for the quarter. Coca-Cola Consolidated had a negative return on equity of 1,041.59% and a net margin of 7.15%.The company had revenue of $2.05 billion for the quarter.
Coca-Cola Consolidated Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Friday, July 24th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date was Friday, July 24th. Coca-Cola Consolidated's payout ratio is 13.26%.
Wall Street Analyst Weigh In
COKE has been the subject of a number of analyst reports. Wall Street Zen lowered shares of Coca-Cola Consolidated from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Coca-Cola Consolidated in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy".
Get Our Latest Stock Analysis on Coca-Cola Consolidated
About Coca-Cola Consolidated
(
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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