Uniting Wealth Partners LLC Buys New Stake in Coca-Cola Consolidated, Inc. $COKE

Uniting Wealth Partners LLC purchased a new position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 34,687 shares of the company’s stock, valued at approximately $2,837,000. Uniting Wealth Partners LLC owned approximately 0.05% of Coca-Cola Consolidated at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Trivium Point Advisory LLC acquired a new position in Coca-Cola Consolidated in the second quarter valued at $1,965,000. RW Investment Management LLC acquired a new stake in shares of Coca-Cola Consolidated during the second quarter worth about $481,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Coca-Cola Consolidated during the second quarter worth about $893,000. HBK Sorce Advisory LLC purchased a new stake in shares of Coca-Cola Consolidated in the 2nd quarter valued at about $5,917,000. Finally, Peachtree Investment Partners LLC purchased a new stake in shares of Coca-Cola Consolidated in the 2nd quarter valued at about $896,000. 48.24% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Price Performance

Shares of NASDAQ:COKE opened at $189.11 on Monday. Coca-Cola Consolidated, Inc. has a 1-year low of $110.60 and a 1-year high of $219.65. The stock has a market cap of $12.59 billion, a P/E ratio of 25.08 and a beta of 0.55. The firm has a fifty day moving average price of $184.81 and a 200 day moving average price of $184.70.

Coca-Cola Consolidated (NASDAQ:COKE) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $2.83 EPS for the quarter. Coca-Cola Consolidated had a net margin of 7.15% and a negative return on equity of 1,041.59%. The company had revenue of $2.05 billion for the quarter.

Coca-Cola Consolidated Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Friday, July 24th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date was Friday, July 24th. Coca-Cola Consolidated’s payout ratio is 13.26%.

Analyst Ratings Changes

A number of research firms recently issued reports on COKE. Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Wednesday, June 24th. Wall Street Zen cut Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy”.

About Coca-Cola Consolidated

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.