Yousif Capital Management LLC Raises Stock Holdings in Coca-Cola Consolidated, Inc. $COKE

Yousif Capital Management LLC raised its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 848.3% in the second quarter, Holdings Channel.com reports. The institutional investor owned 13,513 shares of the company’s stock after purchasing an additional 12,088 shares during the period. Yousif Capital Management LLC’s holdings in Coca-Cola Consolidated were worth $1,509,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Beacon Capital Management LLC lifted its stake in Coca-Cola Consolidated by 905.0% in the second quarter. Beacon Capital Management LLC now owns 402 shares of the company’s stock valued at $45,000 after buying an additional 362 shares during the last quarter. Sound Income Strategies LLC lifted its stake in Coca-Cola Consolidated by 905.0% in the second quarter. Sound Income Strategies LLC now owns 402 shares of the company’s stock valued at $45,000 after buying an additional 362 shares during the last quarter. Wayfinding Financial LLC purchased a new stake in Coca-Cola Consolidated in the first quarter valued at approximately $46,000. Semmax Financial Advisors Inc. purchased a new stake in Coca-Cola Consolidated in the first quarter valued at approximately $50,000. Finally, Fifth Third Bancorp lifted its stake in Coca-Cola Consolidated by 633.9% in the second quarter. Fifth Third Bancorp now owns 455 shares of the company’s stock valued at $51,000 after buying an additional 393 shares during the last quarter. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Wall Street Zen upgraded Coca-Cola Consolidated from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Weiss Ratings upgraded Coca-Cola Consolidated from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Coca-Cola Consolidated Trading Up 0.7%

Shares of COKE stock opened at $132.64 on Tuesday. The business’s fifty day moving average price is $119.27 and its 200 day moving average price is $125.77. Coca-Cola Consolidated, Inc. has a 1-year low of $105.21 and a 1-year high of $146.09. The firm has a market capitalization of $11.53 billion, a PE ratio of 19.79 and a beta of 0.70. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.78.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its quarterly earnings data on Thursday, July 24th. The company reported $2.24 earnings per share for the quarter. Coca-Cola Consolidated had a return on equity of 44.91% and a net margin of 8.43%.The firm had revenue of $1.86 billion for the quarter.

Coca-Cola Consolidated Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, October 24th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, October 24th. Coca-Cola Consolidated’s dividend payout ratio is currently 14.93%.

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.