Wall Street Zen Upgrades Coca-Cola Consolidated (NASDAQ:COKE) to Buy

Key Points

• Wall Street Zen has upgraded Coca-Cola Consolidated (NASDAQ:COKE) from a "hold" rating to a "buy" rating, indicating increased confidence in the stock's potential.
• Coca-Cola Consolidated's stock experienced a 6.3% increase, with shares opening at $118.80, amid strong institutional interest and significant buy activity from hedge funds.
• The company reported earnings of $2.24 EPS and revenue of $1.86 billion for the last quarter, highlighting robust financial performance with a return on equity of 46.75%.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

Coca-Cola Consolidated Stock Up 6.3%

Shares of NASDAQ:COKE opened at $118.80 on Friday. The business's 50 day simple moving average is $132.69 and its two-hundred day simple moving average is $132.91. The firm has a market cap of $10.36 billion, a P/E ratio of 17.73 and a beta of 0.79. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.76 and a current ratio of 2.03. Coca-Cola Consolidated has a 52-week low of $105.21 and a 52-week high of $146.09.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $2.24 earnings per share (EPS) for the quarter. The company had revenue of $1.86 billion for the quarter. Coca-Cola Consolidated had a return on equity of 46.75% and a net margin of 8.43%.

Institutional Trading of Coca-Cola Consolidated

A number of hedge funds have recently bought and sold shares of COKE. Beacon Capital Management LLC increased its position in Coca-Cola Consolidated by 905.0% in the second quarter. Beacon Capital Management LLC now owns 402 shares of the company's stock worth $45,000 after buying an additional 362 shares during the last quarter. Sound Income Strategies LLC increased its position in Coca-Cola Consolidated by 905.0% in the second quarter. Sound Income Strategies LLC now owns 402 shares of the company's stock worth $45,000 after buying an additional 362 shares during the last quarter. Wayfinding Financial LLC purchased a new stake in Coca-Cola Consolidated in the first quarter worth $46,000. Semmax Financial Advisors Inc. purchased a new stake in Coca-Cola Consolidated in the first quarter worth $50,000. Finally, Fifth Third Bancorp increased its position in Coca-Cola Consolidated by 633.9% in the second quarter. Fifth Third Bancorp now owns 455 shares of the company's stock worth $51,000 after buying an additional 393 shares during the last quarter. 48.24% of the stock is currently owned by institutional investors.

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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