UNIVEST FINANCIAL Corp Makes New $767,000 Investment in Coca-Cola Consolidated, Inc. $COKE

UNIVEST FINANCIAL Corp bought a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 9,437 shares of the company’s stock, valued at approximately $767,000.

A number of other hedge funds have also recently made changes to their positions in COKE. Grandfield & Dodd LLC bought a new stake in shares of Coca-Cola Consolidated during the second quarter worth about $3,574,000. Auxano Advisors LLC bought a new position in Coca-Cola Consolidated in the 2nd quarter valued at approximately $589,000. Argyle Capital Partners LLC bought a new position in Coca-Cola Consolidated in the 2nd quarter valued at approximately $479,000. IMG Wealth Management Inc. acquired a new stake in Coca-Cola Consolidated during the 2nd quarter worth approximately $241,000. Finally, Focused Alpha LLC acquired a new stake in Coca-Cola Consolidated during the 2nd quarter worth approximately $240,000. 48.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on COKE shares. Wall Street Zen lowered shares of Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings reaffirmed 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.com, the stock has a consensus rating of “Buy”.

Coca-Cola Consolidated Price Performance

Shares of COKE stock opened at $186.21 on Tuesday. The business’s 50 day simple moving average is $184.96 and its 200 day simple moving average is $184.96. Coca-Cola Consolidated, Inc. has a one year low of $110.60 and a one year high of $219.65. The stock has a market capitalization of $12.39 billion, a PE ratio of 24.70 and a beta of 0.55.

Coca-Cola Consolidated (NASDAQ:COKE) last released its earnings results on Wednesday, August 5th. The company reported $2.83 earnings per share for the quarter. Coca-Cola Consolidated had a net margin of 7.15% and a negative return on equity of 1,041.59%. The business 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 given a dividend of $0.25 per share. 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%.

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.