5,991 Shares in Coca-Cola Consolidated, Inc. $COKE Purchased by UP Strategic Wealth Investment Advisors LLC

UP Strategic Wealth Investment Advisors LLC purchased a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the 2nd quarter, Holdings Channel reports. The firm purchased 5,991 shares of the company’s stock, valued at approximately $520,000.

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on COKE shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Wednesday, June 24th. Wall Street Zen downgraded Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Coca-Cola Consolidated currently has an average rating of “Buy”.

Coca-Cola Consolidated Stock Performance

Shares of COKE opened at $186.21 on Tuesday. The company has a 50-day simple moving average of $184.96 and a 200-day simple moving average of $184.96. The firm has a market capitalization of $12.39 billion, a P/E ratio of 24.70 and a beta of 0.55. Coca-Cola Consolidated, Inc. has a 52 week low of $110.60 and a 52 week high of $219.65.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its quarterly earnings data 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 negative return on equity of 1,041.59% and a net margin of 7.15%.

Coca-Cola Consolidated Announces Dividend

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