Sei Investments Co. Purchases 20,393 Shares of Coca-Cola Consolidated, Inc. $COKE

Sei Investments Co. boosted its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 196.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 30,792 shares of the company’s stock after acquiring an additional 20,393 shares during the quarter. Sei Investments Co.’s holdings in Coca-Cola Consolidated were worth $5,904,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Coca-Cola Consolidated by 6.4% during the fourth quarter. Vanguard Group Inc. now owns 5,686,058 shares of the company’s stock worth $871,673,000 after buying an additional 341,374 shares during the last quarter. Boston Partners grew its holdings in shares of Coca-Cola Consolidated by 7.8% during the fourth quarter. Boston Partners now owns 2,329,643 shares of the company’s stock valued at $357,091,000 after buying an additional 169,555 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Coca-Cola Consolidated by 42.1% during the fourth quarter. First Trust Advisors LP now owns 2,037,083 shares of the company’s stock valued at $312,285,000 after buying an additional 603,513 shares during the last quarter. State Street Corp increased its position in shares of Coca-Cola Consolidated by 836.9% during the second quarter. State Street Corp now owns 1,729,065 shares of the company’s stock worth $193,050,000 after acquiring an additional 1,544,516 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Coca-Cola Consolidated during the fourth quarter worth about $222,408,000. Institutional investors own 48.24% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Consolidated in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy”.

Coca-Cola Consolidated Trading Up 0.1%

Shares of Coca-Cola Consolidated stock opened at $181.00 on Wednesday. The stock has a fifty day simple moving average of $182.78 and a 200 day simple moving average of $182.66. Coca-Cola Consolidated, Inc. has a 12-month low of $110.60 and a 12-month high of $219.65. The company has a market capitalization of $12.05 billion, a P/E ratio of 24.76 and a beta of 0.55.

Coca-Cola Consolidated (NASDAQ:COKE) last released its quarterly earnings results on Wednesday, May 6th. The company reported $1.79 EPS for the quarter. Coca-Cola Consolidated had a return on equity of 138.44% and a net margin of 7.72%.The business had revenue of $1.71 billion during the quarter.

Coca-Cola Consolidated Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 24th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, July 24th. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. Coca-Cola Consolidated’s dividend payout ratio is currently 13.68%.

Coca-Cola Consolidated Company Profile

Founded in 1902 and headquartered in Charlotte, North Carolina, Coca-Cola Consolidated, Inc is the largest independent bottler of Coca-Cola products in the United States. The company manufactures, sells and distributes a broad portfolio of sparkling and still beverages under exclusive agreements with The Coca-Cola Company. Its brand lineup includes Coca-Cola, Diet Coke, Sprite and Fanta, as well as noncarbonated offerings such as Minute Maid juices, Gold Peak teas, Dasani water, Powerade sports drinks and vitaminwater.

Coca-Cola Consolidated’s operations span 14 states and the District of Columbia across the Southeastern, South Central and Mid-Atlantic regions.