Fiduciary Financial Advisors Purchases Shares of 7,642 Coca-Cola Consolidated, Inc. $COKE

Fiduciary Financial Advisors purchased a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 7,642 shares of the company’s stock, valued at approximately $621,000.

A number of other hedge funds also recently modified their holdings of COKE. BlackRock Inc. acquired a new stake in Coca-Cola Consolidated in the second quarter valued at $26,229,118,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Coca-Cola Consolidated during the 2nd quarter worth about $1,591,427,000. GQG Partners LLC acquired a new position in Coca-Cola Consolidated during the 2nd quarter worth about $1,494,498,000. Deutsche Bank AG bought a new stake in shares of Coca-Cola Consolidated in the 2nd quarter valued at about $1,346,125,000. Finally, B. Metzler seel. Sohn & Co. AG bought a new stake in shares of Coca-Cola Consolidated in the 2nd quarter valued at about $272,683,000. Institutional investors and hedge funds own 48.24% of the company’s stock.

Coca-Cola Consolidated Price Performance

Shares of Coca-Cola Consolidated stock opened at $192.60 on Tuesday. Coca-Cola Consolidated, Inc. has a one year low of $110.60 and a one year high of $219.65. The business has a 50-day simple moving average of $185.14 and a 200 day simple moving average of $186.25. The firm has a market capitalization of $12.82 billion, a price-to-earnings ratio of 25.54 and a beta of 0.55.

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

Coca-Cola Consolidated Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 0.5%. Coca-Cola Consolidated’s payout ratio is presently 13.26%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on COKE. Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Wednesday, June 24th. Wall Street Zen lowered shares of Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Coca-Cola Consolidated 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.