Cassaday & Co Wealth Management LLC Has $239,000 Holdings in Coca-Cola Consolidated, Inc. $COKE

Cassaday & Co Wealth Management LLC raised its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 900.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,140 shares of the company’s stock after buying an additional 1,926 shares during the quarter. Cassaday & Co Wealth Management LLC’s holdings in Coca-Cola Consolidated were worth $239,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Linden Thomas Advisory Services LLC lifted its holdings in shares of Coca-Cola Consolidated by 3.5% during the first quarter. Linden Thomas Advisory Services LLC now owns 265 shares of the company’s stock worth $358,000 after buying an additional 9 shares during the last quarter. CW Advisors LLC lifted its holdings in shares of Coca-Cola Consolidated by 5.4% during the first quarter. CW Advisors LLC now owns 194 shares of the company’s stock worth $262,000 after buying an additional 10 shares during the last quarter. Resona Asset Management Co. Ltd. lifted its holdings in shares of Coca-Cola Consolidated by 2.7% during the first quarter. Resona Asset Management Co. Ltd. now owns 455 shares of the company’s stock worth $614,000 after buying an additional 12 shares during the last quarter. SBI Securities Co. Ltd. lifted its holdings in shares of Coca-Cola Consolidated by 10.8% during the first quarter. SBI Securities Co. Ltd. now owns 164 shares of the company’s stock worth $221,000 after buying an additional 16 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its holdings in shares of Coca-Cola Consolidated by 1.9% during the first quarter. Kovitz Investment Group Partners LLC now owns 952 shares of the company’s stock worth $1,285,000 after buying an additional 18 shares during the last quarter. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Wall Street Zen upgraded Coca-Cola Consolidated from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Weiss Ratings upgraded 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 data from MarketBeat.com, the company presently has an average rating of “Buy”.

Coca-Cola Consolidated Stock Performance

Shares of NASDAQ COKE opened at $133.59 on Wednesday. The business has a fifty day simple moving average of $122.25 and a 200 day simple moving average of $125.15. 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 firm has a market capitalization of $11.61 billion, a price-to-earnings ratio of 19.02 and a beta of 0.70. Coca-Cola Consolidated, Inc. has a one year low of $105.21 and a one year high of $146.09.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $2.06 earnings per share for the quarter. Coca-Cola Consolidated had a return on equity of 44.03% and a net margin of 8.66%.The firm had revenue of $1.89 billion for the quarter.

Coca-Cola Consolidated Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, October 24th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, October 24th. Coca-Cola Consolidated’s dividend payout ratio is 14.25%.

Coca-Cola Consolidated 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.