FSA Advisors Inc. Acquires Shares of 3,982 Coca-Cola Consolidated, Inc. $COKE

FSA Advisors Inc. bought a new position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,982 shares of the company’s stock, valued at approximately $324,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Public Employees Retirement System of Ohio bought a new position in shares of Coca-Cola Consolidated in the second quarter valued at about $3,195,000. Redwood Investment Management LLC bought a new stake in Coca-Cola Consolidated during the 2nd quarter worth about $1,156,000. Corient Private Wealth LP bought a new stake in Coca-Cola Consolidated during the 2nd quarter worth about $245,665,000. Magnolia Capital Advisors LLC acquired a new stake in Coca-Cola Consolidated in the 2nd quarter valued at about $748,000. Finally, Windsor Advisory Group LLC acquired a new stake in Coca-Cola Consolidated in the 2nd quarter valued at about $277,000. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Consolidated Stock Up 0.3%

COKE stock opened at $194.60 on Friday. Coca-Cola Consolidated, Inc. has a twelve month low of $110.60 and a twelve month high of $219.65. The company has a market cap of $12.95 billion, a P/E ratio of 25.81 and a beta of 0.55. The business has a fifty day moving average of $185.82 and a 200-day moving average of $187.11.

Coca-Cola Consolidated (NASDAQ:COKE) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $2.83 earnings per share (EPS) for the quarter. The business 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Friday, July 24th were given 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 dividend payout ratio is presently 13.26%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on COKE. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note 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 equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

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.