Zhang Financial LLC Buys 1,800 Shares of Coca-Cola Consolidated, Inc. $COKE

Zhang Financial LLC raised its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 900.0% in the second quarter, Holdings Channel reports. The fund owned 2,000 shares of the company’s stock after acquiring an additional 1,800 shares during the period. Zhang Financial LLC’s holdings in Coca-Cola Consolidated were worth $223,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in COKE. GAMMA Investing LLC grew its stake in Coca-Cola Consolidated by 29.8% in the first quarter. GAMMA Investing LLC now owns 135 shares of the company’s stock valued at $182,000 after acquiring an additional 31 shares during the period. Spire Wealth Management grew its stake in 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 during the period. KBC Group NV grew its stake in Coca-Cola Consolidated by 15.6% in the first quarter. KBC Group NV now owns 230 shares of the company’s stock valued at $311,000 after acquiring an additional 31 shares during the period. Meritage Portfolio Management grew its stake in Coca-Cola Consolidated by 5.8% in the first quarter. Meritage Portfolio Management now owns 911 shares of the company’s stock valued at $1,230,000 after acquiring an additional 50 shares during the period. Finally, Principal Financial Group Inc. grew its stake in Coca-Cola Consolidated by 0.3% in the first quarter. Principal Financial Group Inc. now owns 13,569 shares of the company’s stock valued at $18,318,000 after acquiring an additional 43 shares during the period. 48.24% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Consolidated Stock Down 0.0%

NASDAQ:COKE opened at $128.13 on Wednesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.78 and a current ratio of 2.04. The company has a market cap of $11.13 billion, a PE ratio of 19.12 and a beta of 0.70. Coca-Cola Consolidated, Inc. has a 52-week low of $105.21 and a 52-week high of $146.09. The stock has a 50-day simple moving average of $120.90 and a 200 day simple moving average of $125.60.

Coca-Cola Consolidated Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, October 24th will be issued 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 dividend yield of 0.8%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is presently 14.93%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Weiss Ratings raised Coca-Cola Consolidated from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Wall Street Zen raised Coca-Cola Consolidated from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Coca-Cola Consolidated currently has a consensus rating of “Buy”.

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.