Coca-Cola Consolidated, Inc. $COKE Shares Bought by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated boosted its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 48.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,051 shares of the company’s stock after purchasing an additional 2,938 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Coca-Cola Consolidated were worth $1,400,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. State Street Corp increased its holdings in Coca-Cola Consolidated by 836.9% in the 2nd quarter. State Street Corp now owns 1,729,065 shares of the company’s stock worth $193,050,000 after acquiring an additional 1,544,516 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Coca-Cola Consolidated by 1,270.8% during the second quarter. AQR Capital Management LLC now owns 1,185,937 shares of the company’s stock valued at $131,906,000 after purchasing an additional 1,099,421 shares in the last quarter. First Trust Advisors LP lifted its holdings in Coca-Cola Consolidated by 119.3% during the third quarter. First Trust Advisors LP now owns 1,433,570 shares of the company’s stock valued at $167,957,000 after purchasing an additional 779,915 shares in the last quarter. Invesco Ltd. grew its position in shares of Coca-Cola Consolidated by 391.7% in the second quarter. Invesco Ltd. now owns 550,492 shares of the company’s stock valued at $61,462,000 after purchasing an additional 438,534 shares during the period. Finally, Raymond James Financial Inc. grew its position in shares of Coca-Cola Consolidated by 1,084.4% in the second quarter. Raymond James Financial Inc. now owns 345,059 shares of the company’s stock valued at $38,526,000 after purchasing an additional 315,925 shares during the period. 48.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Friday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Coca-Cola Consolidated currently has an average rating of “Buy”.

Coca-Cola Consolidated Stock Performance

NASDAQ COKE opened at $191.74 on Wednesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.26 and a quick ratio of 0.97. The stock’s 50 day simple moving average is $180.87 and its 200-day simple moving average is $156.76. The company has a market cap of $12.76 billion, a PE ratio of 28.13 and a beta of 0.60. Coca-Cola Consolidated, Inc. has a 1-year low of $105.21 and a 1-year high of $219.65.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $2.11 EPS for the quarter. Coca-Cola Consolidated had a return on equity of 66.42% and a net margin of 7.89%.The firm had revenue of $1.90 billion during the quarter.

Coca-Cola Consolidated Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 6th. Shareholders of record on Friday, January 23rd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Friday, January 23rd. Coca-Cola Consolidated’s payout ratio is 14.66%.

Coca-Cola Consolidated Company Profile

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.