Coca-Cola Consolidated, Inc. $COKE Shares Bought by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd grew its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 2,787.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,775 shares of the company’s stock after purchasing an additional 5,575 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Coca-Cola Consolidated were worth $885,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Coca-Cola Consolidated by 6.4% during the 4th quarter. Vanguard Group Inc. now owns 5,686,058 shares of the company’s stock worth $871,673,000 after purchasing an additional 341,374 shares during the period. Boston Partners increased its position in Coca-Cola Consolidated by 3.4% during the 3rd quarter. Boston Partners now owns 2,160,088 shares of the company’s stock worth $253,207,000 after purchasing an additional 70,212 shares during the period. State Street Corp increased its position in Coca-Cola Consolidated by 836.9% during the 2nd quarter. State Street Corp now owns 1,729,065 shares of the company’s stock worth $193,050,000 after purchasing an additional 1,544,516 shares during the period. Norges Bank acquired a new position in Coca-Cola Consolidated during the 4th quarter worth approximately $222,408,000. Finally, First Trust Advisors LP grew its holdings in shares of Coca-Cola Consolidated by 119.3% in the 3rd quarter. First Trust Advisors LP now owns 1,433,570 shares of the company’s stock worth $167,957,000 after acquiring an additional 779,915 shares during the period. Institutional investors and hedge funds own 48.24% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Consolidated in a report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Coca-Cola Consolidated Price Performance

Shares of NASDAQ:COKE opened at $179.91 on Friday. The business’s fifty day moving average price is $185.72 and its two-hundred day moving average price is $175.29. The stock has a market cap of $11.97 billion, a PE ratio of 24.61 and a beta of 0.55. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.91 and a current ratio of 1.23. Coca-Cola Consolidated, Inc. has a one year low of $105.44 and a one year high of $219.65.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its earnings results on Wednesday, May 6th. The company reported $1.79 EPS for the quarter. The firm had revenue of $1.71 billion for the quarter. Coca-Cola Consolidated had a return on equity of 138.44% and a net margin of 7.72%.

Coca-Cola Consolidated Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 24th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, April 24th. Coca-Cola Consolidated’s dividend payout ratio is currently 13.68%.

Coca-Cola Consolidated Company 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.