Ameritas Advisory Services LLC Increases Stake in Coca-Cola Consolidated, Inc. $COKE

Ameritas Advisory Services LLC increased its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 469.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,366 shares of the company’s stock after purchasing an additional 1,126 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Coca-Cola Consolidated were worth $153,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Wayfinding Financial LLC acquired a new position in shares of Coca-Cola Consolidated in the first quarter valued at approximately $46,000. Semmax Financial Advisors Inc. acquired a new stake in Coca-Cola Consolidated in the first quarter valued at $50,000. Allworth Financial LP lifted its position 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 acquiring an additional 21 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Coca-Cola Consolidated by 40.9% in the first quarter. Fifth Third Bancorp now owns 62 shares of the company’s stock valued at $84,000 after acquiring an additional 18 shares in the last quarter. Finally, Spire Wealth Management lifted its position in shares of Coca-Cola Consolidated by 115.6% in the first quarter. Spire Wealth Management now owns 69 shares of the company’s stock valued at $92,000 after acquiring an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on COKE shares. Weiss Ratings raised shares of Coca-Cola Consolidated from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. Wall Street Zen upgraded Coca-Cola Consolidated from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy”.

Coca-Cola Consolidated Price Performance

Shares of COKE opened at $119.93 on Thursday. The firm has a market cap of $10.42 billion, a price-to-earnings ratio of 17.89 and a beta of 0.70. The stock has a 50 day moving average of $116.95 and a 200-day moving average of $126.21. The company has a current ratio of 2.04, a quick ratio of 1.78 and a debt-to-equity ratio of 0.88. Coca-Cola Consolidated, Inc. has a 52 week low of $105.21 and a 52 week high of $146.09.

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

Coca-Cola Consolidated Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Friday, July 25th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, July 25th. This represents a $1.00 annualized dividend and a dividend yield of 0.8%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is 14.93%.

Coca-Cola Consolidated Profile

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.