Universal Beteiligungs und Servicegesellschaft mbH Buys 20,739 Shares of Coca-Cola Consolidated, Inc. $COKE

Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 1,535.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,090 shares of the company’s stock after acquiring an additional 20,739 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Coca-Cola Consolidated were worth $2,466,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Boston Partners increased its stake in shares of Coca-Cola Consolidated by 942.2% during the second quarter. Boston Partners now owns 2,089,876 shares of the company’s stock worth $233,345,000 after purchasing an additional 1,889,358 shares during the period. Diversified Trust Co grew its holdings in Coca-Cola Consolidated by 900.0% in the 2nd quarter. Diversified Trust Co now owns 1,462,487 shares of the company’s stock valued at $163,287,000 after buying an additional 1,316,233 shares in the last quarter. Geode Capital Management LLC grew its holdings in Coca-Cola Consolidated by 882.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,302,088 shares of the company’s stock valued at $145,398,000 after buying an additional 1,169,611 shares in 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 buying an additional 539,340 shares during the period. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Coca-Cola Consolidated by 265,541.3% during the first quarter. Jones Financial Companies Lllp now owns 502,062 shares of the company’s stock worth $677,784,000 after buying an additional 501,873 shares in the last quarter. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Price Performance

Coca-Cola Consolidated stock opened at $161.75 on Tuesday. The stock’s fifty day moving average price is $131.80 and its two-hundred day moving average price is $127.66. Coca-Cola Consolidated, Inc. has a one year low of $105.21 and a one year 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 firm has a market cap of $13.82 billion, a PE ratio of 23.03 and a beta of 0.69.

Coca-Cola Consolidated Dividend Announcement

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Coca-Cola Consolidated from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, Based on data from 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.