Gould Asset Management LLC CA Buys Shares of 5,157 Coca-Cola Consolidated, Inc. $COKE

Gould Asset Management LLC CA bought a new position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,157 shares of the company’s stock, valued at approximately $419,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. 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 purchased a new position in shares of Coca-Cola Consolidated during the 4th quarter worth approximately $29,000. Morse Asset Management Inc acquired a new position in shares of Coca-Cola Consolidated during the 4th quarter worth approximately $31,000. Ballast Advisors LLC acquired a new position in shares of Coca-Cola Consolidated during the 1st quarter worth approximately $38,000. Finally, Quarry LP purchased a new stake in Coca-Cola Consolidated in the 3rd quarter valued at approximately $25,000. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Performance

Shares of COKE stock opened at $189.11 on Monday. Coca-Cola Consolidated, Inc. has a one year low of $110.60 and a one year high of $219.65. The company has a 50 day moving average price of $184.81 and a 200 day moving average price of $184.70. The firm has a market capitalization of $12.59 billion, a price-to-earnings ratio of 25.08 and a beta of 0.55.

Coca-Cola Consolidated (NASDAQ:COKE) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $2.83 earnings per share for the quarter. The company had revenue of $2.05 billion for the quarter. Coca-Cola Consolidated had a net margin of 7.15% and a negative return on equity of 1,041.59%.

Coca-Cola Consolidated Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have commented on COKE. Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Consolidated in a report on Wednesday, June 24th. Wall Street Zen cut Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Coca-Cola Consolidated 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.