Coca-Cola Consolidated, Inc. $COKE Shares Bought by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC grew its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 1,084.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 149,183 shares of the company’s stock after purchasing an additional 136,586 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.17% of Coca-Cola Consolidated worth $16,656,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the stock. Boston Partners grew its holdings in Coca-Cola Consolidated by 942.2% during the 2nd quarter. Boston Partners now owns 2,089,876 shares of the company’s stock valued at $233,345,000 after buying an additional 1,889,358 shares during the last quarter. Diversified Trust Co lifted its position in shares of Coca-Cola Consolidated by 900.0% in the second quarter. Diversified Trust Co now owns 1,462,487 shares of the company’s stock valued at $163,287,000 after acquiring an additional 1,316,233 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Coca-Cola Consolidated by 882.9% during the second quarter. Geode Capital Management LLC now owns 1,302,088 shares of the company’s stock valued at $145,398,000 after acquiring an additional 1,169,611 shares during the last quarter. Bank of New York Mellon Corp increased its position in Coca-Cola Consolidated by 886.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 600,152 shares of the company’s stock worth $67,007,000 after purchasing an additional 539,340 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in Coca-Cola Consolidated by 265,541.3% in the 1st quarter. Jones Financial Companies Lllp now owns 502,062 shares of the company’s stock valued at $677,784,000 after purchasing an additional 501,873 shares during the last quarter. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports 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 upgraded shares of Coca-Cola Consolidated from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Coca-Cola Consolidated Trading Down 1.1%

NASDAQ COKE opened at $161.51 on Friday. The company has a market cap of $13.80 billion, a P/E ratio of 22.99 and a beta of 0.69. Coca-Cola Consolidated, Inc. has a 12 month low of $105.21 and a 12 month high of $166.21. 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 company has a 50-day moving average of $131.00 and a 200-day moving average of $127.24.

Coca-Cola Consolidated Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Stockholders 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 dividend yield of 0.6%. The ex-dividend date was Friday, October 24th. Coca-Cola Consolidated’s dividend payout ratio is presently 14.25%.

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.