OMERS ADMINISTRATION Corp Takes Position in Coca-Cola Consolidated, Inc. $COKE

OMERS ADMINISTRATION Corp bought a new position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the first quarter, HoldingsChannel reports. The fund bought 1,700 shares of the company’s stock, valued at approximately $2,295,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of COKE. Wayfinding Financial LLC acquired a new stake in Coca-Cola Consolidated during the 1st quarter worth $46,000. Allworth Financial LP raised its holdings in shares of Coca-Cola Consolidated by 58.3% in the first quarter. Allworth Financial LP now owns 57 shares of the company’s stock valued at $79,000 after buying an additional 21 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of Coca-Cola Consolidated by 40.9% during the first quarter. Fifth Third Bancorp now owns 62 shares of the company’s stock worth $84,000 after buying an additional 18 shares during the period. Spire Wealth Management grew its holdings in shares of Coca-Cola Consolidated by 115.6% during the first quarter. Spire Wealth Management now owns 69 shares of the company’s stock worth $92,000 after buying an additional 37 shares during the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new position in shares of Coca-Cola Consolidated during the first quarter worth about $108,000. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Coca-Cola Consolidated from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th.

Coca-Cola Consolidated Trading Up 0.9%

Shares of Coca-Cola Consolidated stock opened at $117.24 on Friday. The firm has a market cap of $10.19 billion, a price-to-earnings ratio of 17.49 and a beta of 0.81. Coca-Cola Consolidated, Inc. has a 52-week low of $105.21 and a 52-week high of $146.09. The company’s 50-day simple moving average is $114.30 and its 200-day simple moving average is $129.58. The company has a quick ratio of 1.78, a current ratio of 2.04 and a debt-to-equity ratio of 0.88.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its quarterly earnings data on Thursday, July 24th. The company reported $2.24 EPS for the quarter. Coca-Cola Consolidated had a net margin of 8.43% and a return on equity of 44.91%. The firm had revenue of $1.86 billion during the quarter.

Coca-Cola Consolidated Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Friday, July 25th were paid a $0.25 dividend. The ex-dividend date was Friday, July 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.9%. Coca-Cola Consolidated’s payout ratio is 14.93%.

About Coca-Cola Consolidated

Coca-Cola Consolidated, Inc, together with its subsidiaries, manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages; and still beverages, including energy products, as well as noncarbonated beverages comprising bottled water, ready to drink coffee and tea, enhanced water, juices, and sports drinks.