OneDigital Investment Advisors LLC Takes $7.33 Million Position in Coca-Cola Consolidated, Inc. $COKE

OneDigital Investment Advisors LLC purchased a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the second quarter, HoldingsChannel reports. The firm purchased 90,241 shares of the company’s stock, valued at approximately $7,334,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Bell Investment Advisors Inc bought a new stake in Coca-Cola Consolidated during the 2nd quarter valued at about $471,000. AMG National Trust Bank bought a new position in Coca-Cola Consolidated in the 2nd quarter worth about $10,593,000. Insight Wealth Partners LLC purchased a new position in shares of Coca-Cola Consolidated during the second quarter worth approximately $296,000. Roman Butler Fullerton & Co. purchased a new position in shares of Coca-Cola Consolidated during the second quarter worth approximately $780,000. Finally, Cura Wealth Advisors LLC bought a new stake in shares of Coca-Cola Consolidated during the second quarter valued at approximately $262,000. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Coca-Cola Consolidated Price Performance

Shares of COKE stock opened at $189.11 on Monday. The firm has a market cap of $12.59 billion, a price-to-earnings 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’s 50 day moving average is $184.81 and its 200 day moving average is $184.70.

Coca-Cola Consolidated (NASDAQ:COKE) last posted its earnings results on Wednesday, August 5th. The company reported $2.83 earnings per share for the quarter. The company had revenue of $2.05 billion during 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 business also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Investors 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 dividend on an annualized basis and a yield of 0.5%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is presently 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.