Cura Wealth Advisors LLC Invests $262,000 in Coca-Cola Consolidated, Inc. $COKE

Cura Wealth Advisors LLC bought a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 3,229 shares of the company’s stock, valued at approximately $262,000.

A number of other large investors also recently made changes to their positions in the company. State Street Corp boosted its holdings in Coca-Cola Consolidated by 836.9% during the second quarter. State Street Corp now owns 1,729,065 shares of the company’s stock worth $193,050,000 after purchasing an additional 1,544,516 shares during the last quarter. Norges Bank bought a new position in shares of Coca-Cola Consolidated during the 4th quarter worth approximately $222,408,000. AQR Capital Management LLC lifted its position in shares of Coca-Cola Consolidated by 1,270.8% during the 2nd quarter. AQR Capital Management LLC now owns 1,185,937 shares of the company’s stock worth $131,906,000 after buying an additional 1,099,421 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Coca-Cola Consolidated by 42.1% in the 4th quarter. First Trust Advisors LP now owns 2,037,083 shares of the company’s stock worth $312,285,000 after buying an additional 603,513 shares during the last quarter. Finally, ABN AMRO Bank N.V. purchased a new position in shares of Coca-Cola Consolidated in the 2nd quarter worth approximately $47,608,000. 48.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Coca-Cola Consolidated Stock Performance

NASDAQ COKE opened at $189.11 on Monday. The company has a market capitalization of $12.59 billion, a PE ratio of 25.08 and a beta of 0.55. Coca-Cola Consolidated, Inc. has a 52-week low of $110.60 and a 52-week high of $219.65. The company has a 50-day simple moving average of $184.81 and a 200 day simple moving average of $184.70.

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

Coca-Cola Consolidated Announces Dividend

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

About Coca-Cola Consolidated

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.