15,091 Shares in Coca-Cola Consolidated, Inc. $COKE Purchased by Gallagher Fiduciary Advisors LLC

Gallagher Fiduciary Advisors LLC acquired a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 15,091 shares of the company’s stock, valued at approximately $1,226,000.

Several other large investors have also bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Coca-Cola Consolidated in the second quarter worth approximately $26,229,118,000. Legal & General Group Plc bought a new stake in shares of Coca-Cola Consolidated during the second quarter valued at approximately $1,978,267,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Coca-Cola Consolidated in the 2nd quarter worth approximately $1,591,427,000. GQG Partners LLC purchased a new position in Coca-Cola Consolidated in the 2nd quarter worth approximately $1,494,498,000. Finally, Deutsche Bank AG bought a new position in Coca-Cola Consolidated in the 2nd quarter valued at approximately $1,346,125,000. 48.24% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Stock Up 2.0%

Shares of COKE stock opened at $196.53 on Wednesday. The company has a 50 day moving average price of $185.35 and a 200-day moving average price of $186.58. Coca-Cola Consolidated, Inc. has a 52 week low of $110.60 and a 52 week high of $219.65. The firm has a market capitalization of $13.08 billion, a PE ratio of 26.07 and a beta of 0.55.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.83 earnings per share 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 announced a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Friday, July 24th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, July 24th. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. Coca-Cola Consolidated’s payout ratio is currently 13.26%.

Analyst Ratings Changes

Several brokerages have commented on COKE. Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Wednesday, June 24th. Wall Street Zen downgraded Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Coca-Cola Consolidated presently has a consensus rating of “Buy”.

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.