Freestone Capital Holdings LLC Raises Stock Holdings in Coca-Cola Consolidated, Inc. $COKE

Freestone Capital Holdings LLC increased its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 1,061.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,870 shares of the company’s stock after buying an additional 1,709 shares during the quarter. Freestone Capital Holdings LLC’s holdings in Coca-Cola Consolidated were worth $209,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Semmax Financial Advisors Inc. bought a new stake in Coca-Cola Consolidated in the first quarter valued at $50,000. Allworth Financial LP boosted its holdings in Coca-Cola Consolidated by 58.3% in the first quarter. Allworth Financial LP now owns 57 shares of the company’s stock valued at $79,000 after acquiring an additional 21 shares in the last quarter. Cullen Frost Bankers Inc. bought a new stake in Coca-Cola Consolidated in the first quarter valued at $108,000. Hollencrest Capital Management boosted its holdings in Coca-Cola Consolidated by 81.8% in the first quarter. Hollencrest Capital Management now owns 120 shares of the company’s stock valued at $162,000 after acquiring an additional 54 shares in the last quarter. Finally, SBI Securities Co. Ltd. boosted its holdings in Coca-Cola Consolidated by 10.8% in the first quarter. SBI Securities Co. Ltd. now owns 164 shares of the company’s stock valued at $221,000 after acquiring an additional 16 shares in the last quarter. Institutional investors own 48.24% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Coca-Cola Consolidated from a “hold” rating to a “buy” rating in a 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 report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Coca-Cola Consolidated Stock Performance

Shares of COKE stock opened at $134.74 on Thursday. Coca-Cola Consolidated, Inc. has a 12 month low of $105.21 and a 12 month high of $146.09. The stock has a market cap of $11.71 billion, a PE ratio of 19.18 and a beta of 0.69. 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 company’s fifty day moving average price is $122.60 and its 200-day moving average price is $125.22.

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

Coca-Cola Consolidated Announces Dividend

The company 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 $0.25 dividend. The ex-dividend date is Friday, October 24th. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. Coca-Cola Consolidated’s payout ratio is presently 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.