TFR Capital LLC. Buys Shares of 12,900 Coca-Cola Consolidated, Inc. $COKE

TFR Capital LLC. bought a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the second quarter, Holdings Channel.com reports. The institutional investor bought 12,900 shares of the company’s stock, valued at approximately $1,048,000.

Several other hedge funds and other institutional investors have also modified their holdings of COKE. Ascentis Independent Advisors purchased a new position in shares of Coca-Cola Consolidated during the first quarter valued at $31,000. Torren Management LLC acquired a new position in shares of Coca-Cola Consolidated in the fourth quarter worth $29,000. Morse Asset Management Inc acquired a new position in Coca-Cola Consolidated in the 4th quarter worth about $31,000. Ballast Advisors LLC acquired a new position in Coca-Cola Consolidated in the first quarter worth approximately $38,000. Finally, Quarry LP acquired a new position in shares of Coca-Cola Consolidated during the 3rd quarter worth $25,000. Institutional investors and hedge funds own 48.24% of the company’s stock.

Coca-Cola Consolidated Trading Down 0.6%

Shares of COKE stock opened at $189.11 on Friday. Coca-Cola Consolidated, Inc. has a 1 year low of $110.60 and a 1 year high of $219.65. The firm’s fifty day simple moving average is $184.81 and its 200 day simple moving average is $184.46. The firm has a market capitalization of $12.59 billion, a P/E ratio of 25.08 and a beta of 0.55.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $2.83 earnings per share for the quarter. Coca-Cola Consolidated had a net margin of 7.15% and a negative return on equity of 1,041.59%. The firm had revenue of $2.05 billion during the quarter.

Coca-Cola Consolidated Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Friday, July 24th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, July 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. Coca-Cola Consolidated’s dividend payout ratio is currently 13.26%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Consolidated in a report on Wednesday, June 24th. Wall Street Zen cut shares of Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Coca-Cola Consolidated has an average rating of “Buy”.

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.