172,584 Shares of Coca-Cola Consolidated, Inc. $COKE Bought by Kintegral Advisory LLC

Kintegral Advisory LLC acquired a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 172,584 shares of the company’s stock, valued at approximately $32,665,000. Coca-Cola Consolidated accounts for 2.4% of Kintegral Advisory LLC’s portfolio, making the stock its 6th largest holding.

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

Wall Street Analyst Weigh In

COKE has been the subject of several analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Consolidated in a report on Monday, September 21st. 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 analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Coca-Cola Consolidated Stock Up 2.8%

COKE traded up $5.78 during trading on Friday, reaching $210.33. 467,889 shares of the company were exchanged, compared to its average volume of 539,404. The company’s 50-day moving average is $192.60 and its two-hundred day moving average is $187.83. The company has a market cap of $14.00 billion, a price-to-earnings ratio of 27.90 and a beta of 0.55. Coca-Cola Consolidated, Inc. has a 12-month low of $126.00 and a 12-month high of $219.65.

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

Coca-Cola Consolidated Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 6th. Stockholders of record on Friday, October 23rd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, October 23rd. Coca-Cola Consolidated’s dividend payout ratio is presently 13.26%.

About Coca-Cola Consolidated

Coca-Cola Consolidated, Inc is the largest Coca-Cola bottler in the United States. Headquartered in Charlotte, North Carolina, the company manufactures, packages, distributes and sells a broad portfolio of nonalcoholic beverages, including Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Sprite, Fanta, DASANI, smartwater, POWERADE and Topo Chico, along with other brands owned or licensed by The Coca-Cola Company and additional beverage partners.

The company serves customers across a territory covering portions of the Southeast, Mid-Atlantic and Midwest, including Alabama, Florida, Georgia, Kentucky, Maryland, Mississippi, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia and West Virginia, as well as the District of Columbia.