14,508 Shares in Coca-Cola Consolidated, Inc. $COKE Bought by Phillips Wealth Planners LLC

Phillips Wealth Planners LLC bought a new position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 14,508 shares of the company’s stock, valued at approximately $1,219,000. Coca-Cola Consolidated makes up 0.9% of Phillips Wealth Planners LLC’s investment portfolio, making the stock its 24th biggest holding.

Several other large investors also recently bought and sold shares of COKE. Ascentis Independent Advisors purchased a new position in shares of Coca-Cola Consolidated in the first quarter valued at $31,000. Torren Management LLC purchased a new stake in shares of Coca-Cola Consolidated in the 4th quarter worth about $29,000. Morse Asset Management Inc acquired a new stake in Coca-Cola Consolidated in the 4th quarter valued at about $31,000. Ballast Advisors LLC acquired a new stake in Coca-Cola Consolidated in the 1st quarter valued at about $38,000. Finally, Quarry LP purchased a new position in Coca-Cola Consolidated during the 3rd quarter valued at about $25,000. Institutional investors and hedge funds own 48.24% of the company’s stock.

Wall Street Analyst Weigh In

COKE has been the subject of a number of research reports. 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Coca-Cola Consolidated Trading Down 1.5%

Shares of NASDAQ COKE opened at $186.21 on Tuesday. The stock has a fifty day moving average price of $184.96 and a 200 day moving average price of $184.96. Coca-Cola Consolidated, Inc. has a 12-month low of $110.60 and a 12-month high of $219.65. The company has a market cap of $12.39 billion, a P/E ratio of 24.70 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 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 for the quarter.

Coca-Cola Consolidated Announces Dividend

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

About Coca-Cola Consolidated

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.