Coca-Cola Consolidated, Inc. $COKE Shares Acquired by Leavell Investment Management Inc.

Leavell Investment Management Inc. lifted its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 898.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,166 shares of the company’s stock after purchasing an additional 1,949 shares during the quarter. Leavell Investment Management Inc.’s holdings in Coca-Cola Consolidated were worth $242,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. State of New Jersey Common Pension Fund D raised its holdings in Coca-Cola Consolidated by 900.0% in the second quarter. State of New Jersey Common Pension Fund D now owns 17,360 shares of the company’s stock valued at $1,938,000 after acquiring an additional 15,624 shares in the last quarter. AlphaQuest LLC raised its holdings in Coca-Cola Consolidated by 1,262.9% in the second quarter. AlphaQuest LLC now owns 1,908 shares of the company’s stock valued at $213,000 after acquiring an additional 1,768 shares in the last quarter. Paralel Advisors LLC raised its holdings in Coca-Cola Consolidated by 566.6% in the second quarter. Paralel Advisors LLC now owns 19,790 shares of the company’s stock valued at $2,210,000 after acquiring an additional 16,821 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in Coca-Cola Consolidated by 900.0% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,120 shares of the company’s stock valued at $348,000 after acquiring an additional 2,808 shares in the last quarter. Finally, Strategic Blueprint LLC raised its holdings in Coca-Cola Consolidated by 883.5% in the second quarter. Strategic Blueprint LLC now owns 4,583 shares of the company’s stock valued at $512,000 after acquiring an additional 4,117 shares in the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

Analysts Set New Price Targets

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

Coca-Cola Consolidated Stock Up 0.4%

COKE stock opened at $128.17 on Tuesday. 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 twelve month low of $105.21 and a twelve month high of $146.09. The company’s 50 day moving average is $120.72 and its two-hundred day moving average is $125.67. The stock has a market cap of $11.14 billion, a P/E ratio of 19.12 and a beta of 0.70.

Coca-Cola Consolidated Announces Dividend

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