Insight Wealth Partners LLC Acquires New Holdings in Coca-Cola Consolidated, Inc. $COKE

Insight Wealth Partners LLC bought a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,636 shares of the company’s stock, valued at approximately $296,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ascentis Independent Advisors acquired a new stake in shares of Coca-Cola Consolidated in the first quarter valued at approximately $31,000. Torren Management LLC acquired a new position in shares of Coca-Cola Consolidated during the fourth quarter worth approximately $29,000. Morse Asset Management Inc bought a new position in Coca-Cola Consolidated in the 4th quarter worth approximately $31,000. Ballast Advisors LLC bought a new position in Coca-Cola Consolidated in the 1st quarter worth approximately $38,000. Finally, Quarry LP acquired a new stake in Coca-Cola Consolidated in the 3rd quarter valued at approximately $25,000. Institutional investors own 48.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on COKE shares. Wall Street Zen downgraded Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy”.

Coca-Cola Consolidated Price Performance

Shares of NASDAQ:COKE opened at $189.11 on Monday. Coca-Cola Consolidated, Inc. has a 12 month low of $110.60 and a 12 month high of $219.65. The stock has a market cap of $12.59 billion, a price-to-earnings ratio of 25.08 and a beta of 0.55. The stock’s 50 day moving average price is $184.81 and its 200 day moving average price is $184.70.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its quarterly earnings results 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 firm had revenue of $2.05 billion during the quarter.

Coca-Cola Consolidated Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Friday, July 24th were issued a $0.25 dividend. The ex-dividend date was Friday, July 24th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. Coca-Cola Consolidated’s dividend payout ratio is 13.26%.

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.