Geode Capital Management LLC Purchases 1,169,611 Shares of Coca-Cola Consolidated, Inc. $COKE

Geode Capital Management LLC raised its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 882.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,302,088 shares of the company’s stock after acquiring an additional 1,169,611 shares during the period. Geode Capital Management LLC owned about 1.50% of Coca-Cola Consolidated worth $145,398,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. OLD Point Trust & Financial Services N A raised its stake in shares of Coca-Cola Consolidated by 900.0% in the second quarter. OLD Point Trust & Financial Services N A now owns 280 shares of the company’s stock valued at $31,000 after purchasing an additional 252 shares in the last quarter. Harbour Investments Inc. increased its holdings in Coca-Cola Consolidated by 1,071.4% in the 2nd quarter. Harbour Investments Inc. now owns 328 shares of the company’s stock valued at $37,000 after buying an additional 300 shares during the period. Eukles Asset Management raised its stake in shares of Coca-Cola Consolidated by 900.0% in the 2nd quarter. Eukles Asset Management now owns 340 shares of the company’s stock valued at $38,000 after buying an additional 306 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Coca-Cola Consolidated by 2,442.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 356 shares of the company’s stock worth $40,000 after acquiring an additional 342 shares during the period. Finally, Beacon Capital Management LLC boosted its position in shares of Coca-Cola Consolidated by 905.0% during the 2nd quarter. Beacon Capital Management LLC now owns 402 shares of the company’s stock valued at $45,000 after acquiring an additional 362 shares in the last quarter. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Trading Up 1.2%

Shares of COKE stock opened at $161.53 on Wednesday. The company has a market capitalization of $13.80 billion, a P/E ratio of 23.00 and a beta of 0.69. Coca-Cola Consolidated, Inc. has a 12-month low of $105.21 and a 12-month high of $162.67. The company has a quick ratio of 1.78, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. The firm has a 50-day moving average price of $128.58 and a 200 day moving average price of $126.39.

Coca-Cola Consolidated Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Friday, October 24th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Friday, October 24th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is currently 14.25%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. 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 upgraded Coca-Cola Consolidated from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy”.

About Coca-Cola Consolidated

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.