24,174 Shares in Coca-Cola Consolidated, Inc. $COKE Bought by Trivium Point Advisory LLC

Trivium Point Advisory LLC purchased a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 24,174 shares of the company’s stock, valued at approximately $1,965,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP purchased a new position in Coca-Cola Consolidated in the third quarter worth approximately $25,000. Advisory Services Network LLC purchased a new position in shares of Coca-Cola Consolidated during the 3rd quarter worth $25,000. J.Safra Asset Management Corp purchased a new position in shares of Coca-Cola Consolidated during the 2nd quarter worth $26,000. Newbridge Financial Services Group Inc. raised its holdings in Coca-Cola Consolidated by 900.0% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 230 shares of the company’s stock valued at $26,000 after buying an additional 207 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Coca-Cola Consolidated by 900.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 250 shares of the company’s stock worth $28,000 after acquiring an additional 225 shares during the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

Analysts Set New Price Targets

COKE has been the topic of a number of recent research reports. Wall Street Zen lowered shares of Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Coca-Cola Consolidated has an average rating of “Buy”.

Coca-Cola Consolidated Stock Performance

Shares of NASDAQ:COKE opened at $189.11 on Monday. Coca-Cola Consolidated, Inc. has a one year low of $110.60 and a one year high of $219.65. The company has a 50-day simple moving average of $184.81 and a 200-day simple moving average of $184.70. The stock has a market capitalization of $12.59 billion, a price-to-earnings ratio of 25.08 and a beta of 0.55.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its quarterly earnings data 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Friday, July 24th were 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 was Friday, July 24th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is 13.26%.

Coca-Cola Consolidated 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.