Stratos Wealth Partners LTD. Increases Holdings in Coca-Cola Consolidated, Inc. $COKE

Stratos Wealth Partners LTD. lifted its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 708.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,471 shares of the company’s stock after acquiring an additional 4,794 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Coca-Cola Consolidated were worth $611,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Linden Thomas Advisory Services LLC boosted its stake in shares of Coca-Cola Consolidated by 3.5% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 265 shares of the company’s stock worth $358,000 after acquiring an additional 9 shares in the last quarter. HBK Sorce Advisory LLC boosted its stake in shares of Coca-Cola Consolidated by 2.9% during the 1st quarter. HBK Sorce Advisory LLC now owns 357 shares of the company’s stock worth $481,000 after acquiring an additional 10 shares in the last quarter. Monument Capital Management boosted its stake in shares of Coca-Cola Consolidated by 0.3% during the 1st quarter. Monument Capital Management now owns 3,955 shares of the company’s stock worth $5,339,000 after acquiring an additional 10 shares in the last quarter. CW Advisors LLC boosted its stake in shares of Coca-Cola Consolidated by 5.4% during the 1st quarter. CW Advisors LLC now owns 194 shares of the company’s stock worth $262,000 after acquiring an additional 10 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. boosted its stake in shares of Coca-Cola Consolidated by 2.7% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 455 shares of the company’s stock worth $614,000 after acquiring an additional 12 shares in the last quarter. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Wall Street Zen raised Coca-Cola Consolidated from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Weiss Ratings raised Coca-Cola Consolidated from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy”.

Coca-Cola Consolidated Trading Down 1.2%

Shares of Coca-Cola Consolidated stock opened at $127.71 on Friday. Coca-Cola Consolidated, Inc. has a fifty-two week low of $105.21 and a fifty-two week high of $146.09. The firm has a market cap of $11.10 billion, a PE ratio of 19.06 and a beta of 0.70. The business’s fifty day moving average is $120.18 and its two-hundred day moving average is $125.83. 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 issued its quarterly earnings results 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 company had revenue of $1.86 billion for the quarter.

Coca-Cola Consolidated Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, October 24th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, October 24th. Coca-Cola Consolidated’s dividend payout ratio is presently 14.93%.

Coca-Cola Consolidated Company 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.