Harbour Investments Inc. Has $37,000 Stock Holdings in Coca-Cola Consolidated, Inc. $COKE

Harbour Investments Inc. raised its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 1,071.4% in the second quarter, Holdings Channel.com reports. The fund owned 328 shares of the company’s stock after acquiring an additional 300 shares during the quarter. Harbour Investments Inc.’s holdings in Coca-Cola Consolidated were worth $37,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in COKE. Beacon Capital Management LLC raised its position in shares of Coca-Cola Consolidated by 905.0% in the second quarter. Beacon Capital Management LLC now owns 402 shares of the company’s stock valued at $45,000 after purchasing an additional 362 shares during the period. Sound Income Strategies LLC raised its position in shares of Coca-Cola Consolidated by 905.0% in the second quarter. Sound Income Strategies LLC now owns 402 shares of the company’s stock valued at $45,000 after purchasing an additional 362 shares during the period. Wayfinding Financial LLC bought a new position in shares of Coca-Cola Consolidated in the first quarter valued at approximately $46,000. Semmax Financial Advisors Inc. bought a new position in shares of Coca-Cola Consolidated in the first quarter valued at approximately $50,000. Finally, Fifth Third Bancorp raised its position in shares of Coca-Cola Consolidated by 633.9% in the second quarter. Fifth Third Bancorp now owns 455 shares of the company’s stock valued at $51,000 after purchasing an additional 393 shares during the period. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on COKE shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Coca-Cola Consolidated in a research report on Friday. Wall Street Zen raised shares of Coca-Cola Consolidated from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy”.

Coca-Cola Consolidated Trading Down 0.0%

Shares of COKE stock opened at $127.66 on Friday. Coca-Cola Consolidated, Inc. has a 1 year low of $105.21 and a 1 year high of $146.09. The firm’s fifty day simple moving average is $120.47 and its 200 day simple moving average is $125.82. The firm has a market capitalization of $11.09 billion, a P/E ratio of 19.05 and a beta of 0.70. The company has a current ratio of 2.04, a quick ratio of 1.78 and a debt-to-equity ratio of 0.88.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its earnings results on Thursday, July 24th. The company reported $2.24 earnings per share (EPS) for the quarter. Coca-Cola Consolidated had a net margin of 8.43% and a return on equity of 44.91%. The business had revenue of $1.86 billion for the quarter.

Coca-Cola Consolidated Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, October 24th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, October 24th. This represents a $1.00 dividend on an annualized basis and a yield of 0.8%. Coca-Cola Consolidated’s payout ratio is 14.93%.

Coca-Cola Consolidated Profile

Coca-Cola Consolidated, Inc, together with its subsidiaries, manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages; and still beverages, including energy products, as well as noncarbonated beverages comprising bottled water, ready to drink coffee and tea, enhanced water, juices, and sports drinks.