Pavion Blue Capital LLC Acquires Shares of 52,841 Coca-Cola Consolidated, Inc. $COKE

Pavion Blue Capital LLC bought a new position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 52,841 shares of the company’s stock, valued at approximately $4,294,000. Coca-Cola Consolidated accounts for 1.7% of Pavion Blue Capital LLC’s portfolio, making the stock its 21st largest position.

Other institutional investors have also recently made changes to their positions in the company. Quarry LP purchased a new position in shares of Coca-Cola Consolidated in the 3rd quarter valued at approximately $25,000. Advisory Services Network LLC bought a new stake in shares of Coca-Cola Consolidated during the third quarter valued at approximately $25,000. J.Safra Asset Management Corp purchased a new stake in Coca-Cola Consolidated in the second quarter worth $26,000. Newbridge Financial Services Group Inc. grew its stake in Coca-Cola Consolidated by 900.0% in the second quarter. Newbridge Financial Services Group Inc. now owns 230 shares of the company’s stock worth $26,000 after purchasing an additional 207 shares during the period. Finally, Geneos Wealth Management Inc. grew its stake in Coca-Cola Consolidated by 900.0% in the second 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. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Performance

Shares of NASDAQ COKE opened at $186.21 on Tuesday. The company has a 50 day simple moving average of $184.96 and a two-hundred day simple moving average of $184.96. Coca-Cola Consolidated, Inc. has a fifty-two week low of $110.60 and a fifty-two week high of $219.65. The company has a market capitalization of $12.39 billion, a price-to-earnings ratio of 24.70 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 EPS for the quarter. The firm had revenue of $2.05 billion for the quarter. Coca-Cola Consolidated had a negative return on equity of 1,041.59% and a net margin of 7.15%.

Coca-Cola Consolidated Dividend Announcement

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

Wall Street Analyst Weigh In

COKE has been the subject of several recent research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Consolidated in a research 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, According to data from MarketBeat, the company has a consensus rating of “Buy”.

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.