Versor Investments LP Makes New Investment in Coca-Cola Consolidated, Inc. $COKE

Versor Investments LP bought a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 5,913 shares of the company’s stock, valued at approximately $660,000.

Other institutional investors have also bought and sold shares of the company. OLD Point Trust & Financial Services N A lifted its stake in Coca-Cola Consolidated by 900.0% in the 2nd quarter. OLD Point Trust & Financial Services N A now owns 280 shares of the company’s stock worth $31,000 after purchasing an additional 252 shares in the last quarter. Harbour Investments Inc. lifted its stake in Coca-Cola Consolidated by 1,071.4% in the 2nd quarter. Harbour Investments Inc. now owns 328 shares of the company’s stock worth $37,000 after purchasing an additional 300 shares in the last quarter. Beacon Capital Management LLC lifted its stake in Coca-Cola Consolidated by 905.0% in the 2nd quarter. Beacon Capital Management LLC now owns 402 shares of the company’s stock worth $45,000 after purchasing an additional 362 shares in the last quarter. Sound Income Strategies LLC lifted its stake in Coca-Cola Consolidated by 905.0% in the 2nd quarter. Sound Income Strategies LLC now owns 402 shares of the company’s stock worth $45,000 after purchasing an additional 362 shares in the last quarter. Finally, Wayfinding Financial LLC purchased a new position in Coca-Cola Consolidated in the 1st quarter worth approximately $46,000. 48.24% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Stock Up 0.5%

Coca-Cola Consolidated stock opened at $130.97 on Tuesday. Coca-Cola Consolidated, Inc. has a fifty-two week low of $105.21 and a fifty-two week high of $146.09. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.78 and a current ratio of 2.04. The firm has a 50 day moving average price of $121.88 and a 200 day moving average price of $125.21. The company has a market capitalization of $11.38 billion, a PE ratio of 18.65 and a beta of 0.70.

Coca-Cola Consolidated (NASDAQ:COKE) last posted its earnings results on Wednesday, October 29th. The company reported $2.06 earnings per share for the quarter. Coca-Cola Consolidated had a net margin of 8.66% and a return on equity of 44.03%. The firm had revenue of $1.89 billion during 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 issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, October 24th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is 14.25%.

Analyst Ratings Changes

Several research firms have recently commented on COKE. Weiss Ratings raised shares of Coca-Cola Consolidated from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. 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, Based on data from MarketBeat.com, Coca-Cola Consolidated has an average rating of “Buy”.

Coca-Cola Consolidated Company 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.