Vanguard Personalized Indexing Management LLC bought a new position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 442 shares of the company’s stock, valued at approximately $237,000.
Other large investors have also modified their holdings of the company. Credit Suisse AG lifted its stake in shares of Coca-Cola Consolidated by 5.3% in the first quarter. Credit Suisse AG now owns 5,680 shares of the company’s stock worth $3,039,000 after buying an additional 288 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Coca-Cola Consolidated by 0.5% in the first quarter. Principal Financial Group Inc. now owns 18,273 shares of the company’s stock valued at $9,778,000 after purchasing an additional 93 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Coca-Cola Consolidated by 295.1% in the first quarter. Tower Research Capital LLC TRC now owns 324 shares of the company’s stock valued at $173,000 after purchasing an additional 242 shares during the last quarter. US Bancorp DE lifted its position in Coca-Cola Consolidated by 7.6% during the first quarter. US Bancorp DE now owns 624 shares of the company’s stock worth $334,000 after buying an additional 44 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its stake in Coca-Cola Consolidated by 33.0% during the first quarter. Y Intercept Hong Kong Ltd now owns 1,217 shares of the company’s stock worth $651,000 after buying an additional 302 shares during the last quarter. Hedge funds and other institutional investors own 39.64% of the company’s stock.
Analyst Ratings Changes
Separately, StockNews.com assumed coverage on Coca-Cola Consolidated in a research note on Thursday, August 17th. They issued a “strong-buy” rating for the company.
Coca-Cola Consolidated Price Performance
Shares of COKE stock opened at $668.66 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.74 and a quick ratio of 1.36. The company has a market capitalization of $6.27 billion, a PE ratio of 13.15 and a beta of 0.86. The firm’s 50-day moving average is $665.18 and its two-hundred day moving average is $613.55. Coca-Cola Consolidated, Inc. has a 12 month low of $405.03 and a 12 month high of $745.53.
Coca-Cola Consolidated (NASDAQ:COKE – Get Free Report) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $18.43 EPS for the quarter. The firm had revenue of $1.74 billion for the quarter. Coca-Cola Consolidated had a net margin of 7.34% and a return on equity of 49.77%.
Coca-Cola Consolidated Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Friday, July 28th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date was Thursday, July 27th. Coca-Cola Consolidated’s dividend payout ratio is presently 3.93%.
About Coca-Cola Consolidated
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, such as sparling 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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