7,208 Shares in Coca-Cola Consolidated, Inc. $COKE Acquired by CM Wealth Advisors LLC

CM Wealth Advisors LLC acquired a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 7,208 shares of the company’s stock, valued at approximately $590,000.

Other institutional investors have also recently modified their holdings of the company. Madison Asset Management LLC bought a new stake in Coca-Cola Consolidated during the 2nd quarter valued at about $2,495,000. Csenge Advisory Group bought a new position in Coca-Cola Consolidated in the 2nd quarter valued at approximately $5,073,000. AssuredPartners Investment Advisors LLC purchased a new stake in Coca-Cola Consolidated during the 2nd quarter valued at $689,000. Shepherd Financial Partners LLC bought a new stake in shares of Coca-Cola Consolidated in the 2nd quarter worth $4,338,000. Finally, Johnson Financial Group Inc. bought a new stake in shares of Coca-Cola Consolidated in the 2nd quarter worth $1,218,000. 48.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on COKE. Wall Street Zen downgraded shares of 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 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 presently has a consensus rating of “Buy”.

Coca-Cola Consolidated Price Performance

Shares of NASDAQ:COKE opened at $186.84 on Thursday. Coca-Cola Consolidated, Inc. has a 1-year low of $110.60 and a 1-year high of $219.65. The firm’s 50 day simple moving average is $184.95 and its two-hundred day simple moving average is $185.50. The company has a market capitalization of $12.44 billion, a P/E ratio of 24.78 and a beta of 0.55.

Coca-Cola Consolidated (NASDAQ:COKE) last posted its quarterly earnings results 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 company had revenue of $2.05 billion for the quarter.

Coca-Cola Consolidated Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Friday, July 24th were issued a $0.25 dividend. The ex-dividend date was Friday, July 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. Coca-Cola Consolidated’s 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.