OneAscent Wealth Management LLC Takes $954,000 Position in Coca-Cola Consolidated, Inc. $COKE

OneAscent Wealth Management LLC bought a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,547 shares of the company’s stock, valued at approximately $954,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in COKE. OLD Point Trust & Financial Services N A increased its stake in Coca-Cola Consolidated by 900.0% in the 2nd quarter. OLD Point Trust & Financial Services N A now owns 280 shares of the company’s stock worth $31,000 after acquiring an additional 252 shares during the last quarter. Harbour Investments Inc. grew its holdings in shares of Coca-Cola Consolidated by 1,071.4% in the second quarter. Harbour Investments Inc. now owns 328 shares of the company’s stock valued at $37,000 after purchasing an additional 300 shares in the last quarter. Beacon Capital Management LLC increased its position in Coca-Cola Consolidated by 905.0% in the second quarter. Beacon Capital Management LLC now owns 402 shares of the company’s stock worth $45,000 after purchasing an additional 362 shares during the last quarter. Sound Income Strategies LLC increased its position in Coca-Cola Consolidated by 905.0% in the second quarter. Sound Income Strategies LLC now owns 402 shares of the company’s stock worth $45,000 after purchasing an additional 362 shares during the last quarter. Finally, Semmax Financial Advisors Inc. purchased a new stake in Coca-Cola Consolidated during the first quarter valued at $50,000. 48.24% of the stock is owned by institutional investors.

Coca-Cola Consolidated Stock Up 0.6%

NASDAQ:COKE opened at $135.61 on Friday. The company has a market cap of $11.78 billion, a price-to-earnings ratio of 19.31 and a beta of 0.69. Coca-Cola Consolidated, Inc. has a twelve month low of $105.21 and a twelve month high of $146.09. 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 stock has a fifty day simple moving average of $122.99 and a 200-day simple moving average of $125.29.

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

Coca-Cola Consolidated Announces Dividend

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 paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 24th. This represents a $1.00 annualized dividend and a yield of 0.7%. Coca-Cola Consolidated’s dividend payout ratio is 14.25%.

Analyst Ratings Changes

A number of equities analysts have commented on COKE shares. Weiss Ratings raised shares of 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 note on Saturday, July 26th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Coca-Cola Consolidated 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.