21,005 Shares in Coca-Cola Consolidated, Inc. $COKE Acquired by West Family Investments Inc.

West Family Investments Inc. bought a new position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 21,005 shares of the company’s stock, valued at approximately $1,707,000. Coca-Cola Consolidated accounts for 0.5% of West Family Investments Inc.’s investment portfolio, making the stock its 27th biggest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bantamac Capital LLC bought a new position in shares of Coca-Cola Consolidated in the second quarter valued at approximately $569,000. SSI Investment Management LLC bought a new stake in shares of Coca-Cola Consolidated during the 2nd quarter worth $313,000. Knuff & Co LLC bought a new stake in shares of Coca-Cola Consolidated during the 2nd quarter worth $1,569,000. NewEdge Wealth LLC acquired a new position in Coca-Cola Consolidated in the 2nd quarter valued at $39,306,000. Finally, Flossbach Von Storch SE acquired a new position in Coca-Cola Consolidated in the 2nd quarter valued at $40,491,000. Institutional investors and hedge funds own 48.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Wednesday, June 24th. Wall Street Zen lowered Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Coca-Cola Consolidated currently has a consensus rating of “Buy”.

Coca-Cola Consolidated Price Performance

NASDAQ COKE opened at $186.84 on Thursday. The firm has a market capitalization of $12.44 billion, a price-to-earnings ratio of 24.78 and a beta of 0.55. The company’s fifty day moving average is $184.95 and its two-hundred day moving average is $185.50. Coca-Cola Consolidated, Inc. has a 52-week low of $110.60 and a 52-week high of $219.65.

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

Coca-Cola Consolidated Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Friday, July 24th 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 was Friday, July 24th. Coca-Cola Consolidated’s payout ratio is currently 13.26%.

Coca-Cola Consolidated 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.