8,164 Shares in Coca-Cola Consolidated, Inc. $COKE Purchased by Private Advisory Group LLC

Private Advisory Group LLC acquired a new position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the second quarter, HoldingsChannel reports. The fund acquired 8,164 shares of the company’s stock, valued at approximately $663,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Focus Partners Advisor Solutions LLC bought a new position in shares of Coca-Cola Consolidated in the second quarter worth about $5,118,000. ABN AMRO Bank N.V. acquired a new position in shares of Coca-Cola Consolidated during the second quarter worth approximately $47,608,000. Summit Asset Management LLC acquired a new position in shares of Coca-Cola Consolidated during the second quarter worth approximately $1,729,000. Kelleher Financial Advisors bought a new stake in shares of Coca-Cola Consolidated during the second quarter valued at approximately $725,000. Finally, EJMK Ventures LLC bought a new stake in shares of Coca-Cola Consolidated during the second quarter valued at approximately $400,000. Institutional investors and hedge funds own 48.24% of the company’s stock.

Analysts Set New Price Targets

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

Coca-Cola Consolidated Trading Down 0.6%

Shares of NASDAQ:COKE opened at $189.11 on Friday. The stock has a market capitalization of $12.59 billion, a P/E ratio of 25.08 and a beta of 0.55. Coca-Cola Consolidated, Inc. has a 1-year low of $110.60 and a 1-year high of $219.65. The business has a 50-day moving average price of $184.81 and a two-hundred day moving average price of $184.46.

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

Coca-Cola Consolidated Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, July 24th. Coca-Cola Consolidated’s payout ratio is 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.