2,843 Shares in Coca-Cola Consolidated, Inc. $COKE Purchased by Independent Financial Group LLC

Independent Financial Group LLC acquired a new position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,843 shares of the company’s stock, valued at approximately $545,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in COKE. Quarry LP purchased a new position in shares of Coca-Cola Consolidated in the third quarter worth approximately $25,000. Advisory Services Network LLC purchased a new stake in shares of Coca-Cola Consolidated in the 3rd quarter valued at approximately $25,000. Newbridge Financial Services Group Inc. lifted its position in shares of Coca-Cola Consolidated by 900.0% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 230 shares of the company’s stock valued at $26,000 after acquiring an additional 207 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in Coca-Cola Consolidated by 900.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 250 shares of the company’s stock worth $28,000 after purchasing an additional 225 shares during the period. Finally, Torren Management LLC purchased a new position in Coca-Cola Consolidated during the 4th quarter worth approximately $29,000. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Coca-Cola Consolidated Trading Up 0.7%

Shares of NASDAQ:COKE opened at $184.36 on Thursday. The firm has a market cap of $12.27 billion, a price-to-earnings ratio of 25.22 and a beta of 0.54. Coca-Cola Consolidated, Inc. has a 1 year low of $110.40 and a 1 year high of $219.65. The business has a fifty day simple moving average of $180.44 and a 200 day simple moving average of $180.33.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its earnings results on Wednesday, May 6th. The company reported $1.79 EPS for the quarter. Coca-Cola Consolidated had a return on equity of 138.44% and a net margin of 7.72%.The firm had revenue of $1.71 billion for the quarter.

Coca-Cola Consolidated Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 24th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, July 24th. Coca-Cola Consolidated’s payout ratio is currently 13.68%.

About Coca-Cola Consolidated

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.