2,070 Shares in Coca-Cola Consolidated, Inc. $COKE Bought by Applied Finance Capital Management LLC

Applied Finance Capital Management LLC bought a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKEFree Report) during the second quarter, HoldingsChannel reports. The firm bought 2,070 shares of the company’s stock, valued at approximately $231,000.

A number of other large investors also recently modified their holdings of COKE. Diversified Trust Co lifted its holdings in shares of Coca-Cola Consolidated by 900.0% in the 2nd quarter. Diversified Trust Co now owns 1,462,487 shares of the company’s stock worth $163,287,000 after purchasing an additional 1,316,233 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Coca-Cola Consolidated by 265,541.3% in the 1st quarter. Jones Financial Companies Lllp now owns 502,062 shares of the company’s stock worth $677,784,000 after purchasing an additional 501,873 shares in the last quarter. Truist Financial Corp lifted its holdings in shares of Coca-Cola Consolidated by 902.4% in the 2nd quarter. Truist Financial Corp now owns 289,493 shares of the company’s stock worth $32,322,000 after purchasing an additional 260,612 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Coca-Cola Consolidated by 548.0% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 226,905 shares of the company’s stock worth $25,334,000 after purchasing an additional 191,887 shares in the last quarter. Finally, Kintegral Advisory LLC bought a new position in shares of Coca-Cola Consolidated in the 2nd quarter worth $20,649,000. 48.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

COKE has been the topic of a number of recent research reports. Weiss Ratings upgraded Coca-Cola Consolidated from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Wall Street Zen upgraded Coca-Cola Consolidated from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Coca-Cola Consolidated currently has an average rating of “Buy”.

Check Out Our Latest Analysis on Coca-Cola Consolidated

Coca-Cola Consolidated Price Performance

Shares of NASDAQ:COKE opened at $131.68 on Friday. The company has a current ratio of 2.04, a quick ratio of 1.78 and a debt-to-equity ratio of 0.88. The stock’s fifty day simple moving average is $118.91 and its two-hundred day simple moving average is $125.84. Coca-Cola Consolidated, Inc. has a 1-year low of $105.21 and a 1-year high of $146.09. The stock has a market cap of $11.44 billion, a PE ratio of 19.65 and a beta of 0.70.

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

Coca-Cola Consolidated Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, October 24th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, October 24th. This represents a $1.00 annualized dividend and a dividend yield of 0.8%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is currently 14.93%.

Coca-Cola Consolidated Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Coca-Cola Consolidated (NASDAQ:COKE)

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