Windsor Advisory Group LLC Takes Position in Coca-Cola Consolidated, Inc. $COKE

Windsor Advisory Group LLC purchased a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,412 shares of the company’s stock, valued at approximately $277,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Coca-Cola Consolidated by 6.4% during the fourth quarter. Vanguard Group Inc. now owns 5,686,058 shares of the company’s stock valued at $871,673,000 after buying an additional 341,374 shares during the last quarter. Catalyst Investment Management LLC purchased a new position in Coca-Cola Consolidated in the 2nd quarter worth about $573,000. Caisse de depot et placement du Quebec purchased a new position in Coca-Cola Consolidated in the 2nd quarter worth about $291,152,000. Horizon Investments LLC lifted its stake in Coca-Cola Consolidated by 1,655,666.7% during the 4th quarter. Horizon Investments LLC now owns 49,673 shares of the company’s stock valued at $7,602,000 after acquiring an additional 49,670 shares during the period. Finally, Argyle Capital Partners LLC bought a new position in Coca-Cola Consolidated during the 2nd quarter valued at about $479,000. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on COKE shares. Weiss Ratings reiterated 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 report on Saturday, August 8th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy”.

Coca-Cola Consolidated Price Performance

Shares of COKE stock opened at $194.02 on Thursday. Coca-Cola Consolidated, Inc. has a one year low of $110.60 and a one year high of $219.65. The company’s fifty day moving average price is $185.56 and its 200-day moving average price is $186.85. The company has a market capitalization of $12.91 billion, a price-to-earnings ratio of 25.73 and a beta of 0.55.

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

Coca-Cola Consolidated Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Friday, July 24th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, July 24th. This represents a $1.00 dividend on an annualized basis and a dividend 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.