Intech Investment Management LLC Buys 27,716 Shares of Coca-Cola Consolidated, Inc. $COKE

Intech Investment Management LLC raised its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 1,031.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 30,404 shares of the company’s stock after purchasing an additional 27,716 shares during the period. Intech Investment Management LLC’s holdings in Coca-Cola Consolidated were worth $3,395,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Boston Partners boosted its holdings in Coca-Cola Consolidated by 942.2% in the 2nd quarter. Boston Partners now owns 2,089,876 shares of the company’s stock worth $233,345,000 after buying an additional 1,889,358 shares during the period. Diversified Trust Co raised its holdings in shares of Coca-Cola Consolidated by 900.0% in the second quarter. Diversified Trust Co now owns 1,462,487 shares of the company’s stock worth $163,287,000 after buying an additional 1,316,233 shares during the period. Geode Capital Management LLC increased its position in shares of Coca-Cola Consolidated by 882.9% during the second quarter. Geode Capital Management LLC now owns 1,302,088 shares of the company’s stock worth $145,398,000 after acquiring an additional 1,169,611 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Coca-Cola Consolidated by 886.9% in the second quarter. Bank of New York Mellon Corp now owns 600,152 shares of the company’s stock valued at $67,007,000 after acquiring an additional 539,340 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of Coca-Cola Consolidated by 265,541.3% in the 1st quarter. Jones Financial Companies Lllp now owns 502,062 shares of the company’s stock valued at $677,784,000 after acquiring an additional 501,873 shares during the period. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on COKE. Weiss Ratings raised 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 report on Saturday, July 26th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Coca-Cola Consolidated has an average rating of “Buy”.

Coca-Cola Consolidated Price Performance

Coca-Cola Consolidated stock opened at $161.53 on Wednesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.78. The business has a 50 day simple moving average of $128.58 and a 200-day simple moving average of $126.39. The stock has a market capitalization of $13.80 billion, a PE ratio of 23.00 and a beta of 0.69. Coca-Cola Consolidated, Inc. has a 12 month low of $105.21 and a 12 month high of $162.67.

Coca-Cola Consolidated Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Friday, October 24th were issued a $0.25 dividend. The ex-dividend date was Friday, October 24th. This represents a $1.00 annualized dividend and a yield of 0.6%. Coca-Cola Consolidated’s payout ratio is 14.25%.

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.