Wealth Enhancement Advisory Services LLC Acquires 5,700 Shares of Coca-Cola Consolidated, Inc. $COKE

Wealth Enhancement Advisory Services LLC increased its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 35.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,932 shares of the company’s stock after buying an additional 5,700 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Coca-Cola Consolidated were worth $2,628,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. boosted its position in Coca-Cola Consolidated by 900.0% in the second quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the company’s stock valued at $26,000 after buying an additional 207 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its stake in shares of 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 purchasing an additional 207 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Coca-Cola Consolidated by 900.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 250 shares of the company’s stock worth $28,000 after buying an additional 225 shares in the last quarter. Rakuten Securities Inc. grew its holdings in Coca-Cola Consolidated by 1,646.7% in the second quarter. Rakuten Securities Inc. now owns 262 shares of the company’s stock worth $29,000 after purchasing an additional 247 shares during the period. Finally, True Wealth Design LLC grew its stake in shares of Coca-Cola Consolidated by 25,200.0% in the 3rd quarter. True Wealth Design LLC now owns 253 shares of the company’s stock valued at $30,000 after buying an additional 252 shares during the period. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Consolidated Price Performance

Coca-Cola Consolidated stock opened at $149.50 on Thursday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.79. The firm has a market capitalization of $12.77 billion, a P/E ratio of 21.28 and a beta of 0.65. Coca-Cola Consolidated, Inc. has a one year low of $105.21 and a one year high of $169.49. The business has a fifty day moving average price of $157.88 and a 200-day moving average price of $135.25.

Coca-Cola Consolidated Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 6th. Stockholders of record on Friday, January 23rd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, January 23rd. Coca-Cola Consolidated’s dividend payout ratio is presently 14.25%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Coca-Cola Consolidated currently has an average rating of “Buy”.

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.