Coca-Cola Consolidated, Inc. $COKE Shares Acquired by Huntington National Bank

Huntington National Bank lifted its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 912.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 840 shares of the company’s stock after purchasing an additional 757 shares during the quarter. Huntington National Bank’s holdings in Coca-Cola Consolidated were worth $94,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Davis Investment Partners LLC raised its stake in Coca-Cola Consolidated by 980.0% in the 2nd quarter. Davis Investment Partners LLC now owns 5,400 shares of the company’s stock worth $624,000 after acquiring an additional 4,900 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Coca-Cola Consolidated by 33.2% in the first quarter. Victory Capital Management Inc. now owns 11,310 shares of the company’s stock valued at $15,268,000 after purchasing an additional 2,821 shares during the period. Pullen Investment Management LLC raised its stake in shares of Coca-Cola Consolidated by 910.4% in the second quarter. Pullen Investment Management LLC now owns 17,167 shares of the company’s stock worth $1,917,000 after purchasing an additional 15,468 shares during the last quarter. VELA Investment Management LLC lifted its holdings in shares of Coca-Cola Consolidated by 905.9% during the second quarter. VELA Investment Management LLC now owns 39,735 shares of the company’s stock worth $4,436,000 after purchasing an additional 35,785 shares during the period. Finally, Jones Financial Companies Lllp boosted its position in Coca-Cola Consolidated by 265,541.3% in the first quarter. Jones Financial Companies Lllp now owns 502,062 shares of the company’s stock valued at $677,784,000 after buying an additional 501,873 shares during the last quarter. 48.24% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Price Performance

Shares of NASDAQ COKE opened at $137.78 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.78. The stock has a market capitalization of $11.97 billion, a price-to-earnings ratio of 19.62 and a beta of 0.69. The firm’s 50 day simple moving average is $123.40 and its 200-day simple moving average is $125.22. Coca-Cola Consolidated, Inc. has a 12 month low of $105.21 and a 12 month 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 (EPS) for the quarter. The firm 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 announced a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Friday, October 24th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, October 24th. Coca-Cola Consolidated’s dividend payout ratio is presently 14.25%.

Wall Street Analyst Weigh In

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

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.