&Partners Makes New Investment in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

&Partners bought a new position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 941 shares of the company’s stock, valued at approximately $1,021,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Xponance Inc. boosted its stake in shares of Coca-Cola Consolidated by 1.8% in the 4th quarter. Xponance Inc. now owns 690 shares of the company’s stock valued at $641,000 after purchasing an additional 12 shares during the last quarter. CWM LLC lifted its position in shares of Coca-Cola Consolidated by 22.2% during the 4th quarter. CWM LLC now owns 66 shares of the company’s stock valued at $61,000 after acquiring an additional 12 shares during the period. Inspire Investing LLC lifted its position in shares of Coca-Cola Consolidated by 3.1% during the 1st quarter. Inspire Investing LLC now owns 426 shares of the company’s stock valued at $361,000 after acquiring an additional 13 shares during the period. Comerica Bank lifted its position in shares of Coca-Cola Consolidated by 0.9% during the 4th quarter. Comerica Bank now owns 1,554 shares of the company’s stock valued at $1,442,000 after acquiring an additional 14 shares during the period. Finally, Cetera Advisors LLC raised its holdings in Coca-Cola Consolidated by 3.4% during the first quarter. Cetera Advisors LLC now owns 420 shares of the company’s stock worth $356,000 after buying an additional 14 shares during the last quarter. 48.24% of the stock is owned by institutional investors.

Insider Activity

In related news, major shareholder Cola Co Coca sold 598,619 shares of the company’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $925.00, for a total transaction of $553,722,575.00. Following the sale, the insider now owns 1,883,546 shares of the company’s stock, valued at approximately $1,742,280,050. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Coca-Cola Consolidated from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 23rd.

Coca-Cola Consolidated Stock Up 0.2 %

COKE traded up $2.76 during trading on Friday, hitting $1,358.75. 14,576 shares of the company’s stock were exchanged, compared to its average volume of 53,392. Coca-Cola Consolidated, Inc. has a fifty-two week low of $614.22 and a fifty-two week high of $1,374.25. The company has a quick ratio of 1.47, a current ratio of 1.97 and a debt-to-equity ratio of 1.50. The stock has a market cap of $12.74 billion, a P/E ratio of 27.92 and a beta of 0.78. The business’s 50 day moving average is $1,136.75 and its two-hundred day moving average is $969.75.

Coca-Cola Consolidated (NASDAQ:COKE) last released its earnings results on Wednesday, July 31st. The company reported $20.71 earnings per share for the quarter. The firm had revenue of $1.80 billion for the quarter. Coca-Cola Consolidated had a net margin of 7.52% and a return on equity of 44.83%.

Coca-Cola Consolidated Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.15%. The ex-dividend date of this dividend was Friday, July 26th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is currently 4.12%.

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.