Coca-Cola Consolidated, Inc. $COKE Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 1,233.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,310 shares of the company’s stock after acquiring an additional 18,787 shares during the period. Russell Investments Group Ltd.’s holdings in Coca-Cola Consolidated were worth $2,268,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. J.W. Cole Advisors Inc. lifted its stake in Coca-Cola Consolidated by 912.6% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 3,686 shares of the company’s stock valued at $412,000 after buying an additional 3,322 shares in the last quarter. XTX Topco Ltd lifted its position in shares of Coca-Cola Consolidated by 2,024.2% in the second quarter. XTX Topco Ltd now owns 24,513 shares of the company’s stock valued at $2,737,000 after acquiring an additional 23,359 shares in the last quarter. NDVR Inc. boosted its stake in shares of Coca-Cola Consolidated by 886.5% during the second quarter. NDVR Inc. now owns 2,782 shares of the company’s stock valued at $311,000 after acquiring an additional 2,500 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in Coca-Cola Consolidated by 900.0% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 300 shares of the company’s stock worth $33,000 after purchasing an additional 270 shares in the last quarter. Finally, Ameritas Investment Partners Inc. raised its stake in Coca-Cola Consolidated by 881.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 11,382 shares of the company’s stock valued at $1,271,000 after purchasing an additional 10,222 shares during the last quarter. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, 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. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Coca-Cola Consolidated has a consensus rating of “Buy”.

Coca-Cola Consolidated Stock Performance

NASDAQ:COKE opened at $163.23 on Wednesday. The company has a market cap of $13.95 billion, a P/E ratio of 23.24 and a beta of 0.63. The firm’s 50 day moving average is $142.50 and its two-hundred day moving average is $131.42. Coca-Cola Consolidated, Inc. has a fifty-two week low of $105.21 and a fifty-two week high of $168.21. The company has a quick ratio of 1.79, a current ratio of 2.04 and a debt-to-equity ratio of 0.88.

Coca-Cola Consolidated Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Friday, October 24th were given 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 payout ratio is 14.25%.

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.