First Bancorp Inc ME Purchases Shares of 9,495 Coca-Cola Consolidated, Inc. $COKE

First Bancorp Inc ME acquired a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 9,495 shares of the company’s stock, valued at approximately $772,000.

Several other large investors have also recently modified their holdings of COKE. Biglari Capital CORP. bought a new position in Coca-Cola Consolidated during the 2nd quarter worth approximately $9,752,000. Ascentis Independent Advisors bought a new stake in Coca-Cola Consolidated in the first quarter valued at approximately $31,000. Torren Management LLC purchased a new stake in shares of Coca-Cola Consolidated during the fourth quarter valued at approximately $29,000. Morse Asset Management Inc purchased a new stake in shares of Coca-Cola Consolidated during the fourth quarter valued at approximately $31,000. Finally, Ballast Advisors LLC bought a new position in shares of Coca-Cola Consolidated in the first quarter worth approximately $38,000. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Analysts Set New Price Targets

COKE has been the topic of several analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Wednesday, June 24th. Wall Street Zen cut shares of Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Coca-Cola Consolidated Stock Performance

Shares of COKE stock opened at $196.53 on Wednesday. The firm has a market cap of $13.08 billion, a P/E ratio of 26.07 and a beta of 0.55. Coca-Cola Consolidated, Inc. has a fifty-two week low of $110.60 and a fifty-two week high of $219.65. The business’s 50 day moving average price is $185.35 and its 200-day moving average price is $186.58.

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

Coca-Cola Consolidated Announces Dividend

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

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.