Cetera Trust Company N.A Makes New $2.51 Million Investment in Coca-Cola Consolidated, Inc. $COKE

Cetera Trust Company N.A bought a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 30,896 shares of the company’s stock, valued at approximately $2,511,000. Coca-Cola Consolidated accounts for approximately 1.3% of Cetera Trust Company N.A’s investment portfolio, making the stock its 20th largest holding.

Several other hedge funds also recently modified their holdings of COKE. BlackRock Inc. bought a new stake in shares of Coca-Cola Consolidated during the second quarter worth approximately $26,229,118,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Coca-Cola Consolidated in the second quarter valued at approximately $1,591,427,000. GQG Partners LLC acquired a new stake in Coca-Cola Consolidated during the 2nd quarter worth $1,494,498,000. Deutsche Bank AG acquired a new stake in Coca-Cola Consolidated during the 2nd quarter worth $1,346,125,000. Finally, B. Metzler seel. Sohn & Co. AG bought a new stake in shares of Coca-Cola Consolidated during the 2nd quarter valued at $272,683,000. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Price Performance

Shares of NASDAQ:COKE opened at $192.60 on Tuesday. The company has a market capitalization of $12.82 billion, a price-to-earnings ratio of 25.54 and a beta of 0.55. The firm’s 50 day simple moving average is $185.14 and its 200 day simple moving average is $186.25. Coca-Cola Consolidated, Inc. has a fifty-two week low of $110.60 and a fifty-two week high of $219.65.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.83 earnings per share (EPS) 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 declared a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Friday, July 24th were given 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 dividend payout ratio (DPR) is currently 13.26%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on COKE shares. Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Wednesday, June 24th. Wall Street Zen cut Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently 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.