5,903 Shares in Coca-Cola Consolidated, Inc. $COKE Bought by Tiemann Investment Advisors LLC

Tiemann Investment Advisors LLC bought a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,903 shares of the company’s stock, valued at approximately $480,000.

A number of other hedge funds also recently added to or reduced their stakes in COKE. Quarry LP bought a new position in shares of Coca-Cola Consolidated during the third quarter worth about $25,000. Advisory Services Network LLC acquired a new stake in shares of Coca-Cola Consolidated in the 3rd quarter worth about $25,000. J.Safra Asset Management Corp bought a new stake in Coca-Cola Consolidated in the 2nd quarter valued at about $26,000. Newbridge Financial Services Group Inc. lifted its position in Coca-Cola Consolidated by 900.0% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 230 shares of the company’s stock valued at $26,000 after purchasing an additional 207 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in Coca-Cola Consolidated by 900.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 250 shares of the company’s stock valued at $28,000 after purchasing an additional 225 shares during the period. 48.24% of the stock is currently owned by institutional investors.

Coca-Cola Consolidated Stock Performance

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

Coca-Cola Consolidated (NASDAQ:COKE) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $2.83 earnings per share for the quarter. The business had revenue of $2.05 billion during 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Friday, July 24th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Friday, July 24th. Coca-Cola Consolidated’s payout ratio is 13.26%.

Analysts Set New Price Targets

COKE has been the topic of several analyst reports. Wall Street Zen lowered shares of Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Coca-Cola Consolidated currently has a consensus rating of “Buy”.

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.