First Command Advisory Services Inc. Has $106,000 Stock Holdings in Coca-Cola Consolidated, Inc. $COKE

First Command Advisory Services Inc. grew its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 804.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 950 shares of the company’s stock after buying an additional 845 shares during the quarter. First Command Advisory Services Inc.’s holdings in Coca-Cola Consolidated were worth $106,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in COKE. Wayfinding Financial LLC acquired a new stake in shares of Coca-Cola Consolidated during the 1st quarter worth about $46,000. Semmax Financial Advisors Inc. acquired a new stake in shares of Coca-Cola Consolidated during the 1st quarter worth about $50,000. Allworth Financial LP increased its position in shares of Coca-Cola Consolidated by 58.3% during the 1st quarter. Allworth Financial LP now owns 57 shares of the company’s stock worth $79,000 after purchasing an additional 21 shares in the last quarter. Spire Wealth Management increased its position in shares of Coca-Cola Consolidated by 115.6% during the 1st quarter. Spire Wealth Management now owns 69 shares of the company’s stock worth $92,000 after purchasing an additional 37 shares in the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of Coca-Cola Consolidated during the 1st quarter worth about $108,000. Institutional investors and hedge funds own 48.24% of the company’s stock.

Analysts Set New Price Targets

COKE has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Coca-Cola Consolidated from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Weiss Ratings upgraded shares of Coca-Cola Consolidated from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy”.

Coca-Cola Consolidated Stock Up 0.4%

Shares of NASDAQ:COKE opened at $128.17 on Tuesday. Coca-Cola Consolidated, Inc. has a 12 month low of $105.21 and a 12 month high of $146.09. The company’s 50-day moving average price is $120.72 and its two-hundred day moving average price is $125.67. The company has a quick ratio of 1.78, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. The firm 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, October 24th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend 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.