E Fund Management Co. Ltd. Takes Position in Coca-Cola Consolidated, Inc. $COKE

E Fund Management Co. Ltd. purchased a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 41,569 shares of the company’s stock, valued at approximately $3,378,000. E Fund Management Co. Ltd. owned 0.06% of Coca-Cola Consolidated at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in COKE. Quarry LP bought a new stake in shares of Coca-Cola Consolidated in the 3rd quarter worth about $25,000. Advisory Services Network LLC bought a new position in Coca-Cola Consolidated during the 3rd quarter valued at about $25,000. J.Safra Asset Management Corp acquired a new position in Coca-Cola Consolidated in the second quarter valued at about $26,000. Newbridge Financial Services Group Inc. grew its stake in Coca-Cola Consolidated by 900.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 230 shares of the company’s stock worth $26,000 after buying an additional 207 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in Coca-Cola Consolidated by 900.0% during the second quarter. Geneos Wealth Management Inc. now owns 250 shares of the company’s stock worth $28,000 after buying an additional 225 shares during the last quarter. 48.24% of the stock is owned by institutional investors.

Coca-Cola Consolidated Trading Down 1.0%

Coca-Cola Consolidated stock opened at $186.84 on Thursday. Coca-Cola Consolidated, Inc. has a 1 year low of $110.60 and a 1 year high of $219.65. The company has a market cap of $12.44 billion, a PE ratio of 24.78 and a beta of 0.55. The company’s 50-day moving average is $184.95 and its two-hundred day moving average is $185.50.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its earnings results 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 during the quarter.

Coca-Cola Consolidated Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on COKE shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Consolidated in a report on Wednesday, June 24th. Wall Street Zen lowered Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Coca-Cola Consolidated 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.