4,794 Shares in Coca-Cola Consolidated, Inc. $COKE Purchased by Kirtland Hills Capital Management LLC

Kirtland Hills Capital Management LLC bought a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,794 shares of the company’s stock, valued at approximately $390,000.

A number of other large investors also recently added to or reduced their stakes in COKE. Ascentis Independent Advisors bought a new position in Coca-Cola Consolidated in the 1st quarter worth approximately $31,000. Torren Management LLC bought a new stake in shares of Coca-Cola Consolidated during the fourth quarter valued at approximately $29,000. Morse Asset Management Inc bought a new stake in shares of Coca-Cola Consolidated during the fourth quarter valued at approximately $31,000. Ballast Advisors LLC purchased a new position in shares of Coca-Cola Consolidated in the first quarter worth $38,000. Finally, Quarry LP purchased a new position in shares of Coca-Cola Consolidated in the third quarter worth $25,000. 48.24% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Price Performance

NASDAQ COKE opened at $189.10 on Friday. Coca-Cola Consolidated, Inc. has a 1-year low of $110.60 and a 1-year high of $219.65. The business has a 50 day simple moving average of $185.00 and a two-hundred day simple moving average of $185.77. The stock has a market capitalization of $12.59 billion, a PE ratio of 25.08 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 earnings per share (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 business had revenue of $2.05 billion for the quarter.

Coca-Cola Consolidated Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Friday, July 24th were given a dividend of $0.25 per share. 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 (DPR) is 13.26%.

Analyst Ratings Changes

Several research firms recently weighed in on COKE. Wall Street Zen cut shares of Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings reiterated 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, the stock currently has a consensus rating of “Buy”.

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.