Illinois Municipal Retirement Fund Purchases 32,575 Shares of Coca-Cola Consolidated, Inc. $COKE

Illinois Municipal Retirement Fund lifted its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 1,245.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,190 shares of the company’s stock after purchasing an additional 32,575 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Coca-Cola Consolidated were worth $3,929,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Diversified Trust Co boosted its stake in Coca-Cola Consolidated by 900.0% during the second quarter. Diversified Trust Co now owns 1,462,487 shares of the company’s stock worth $163,287,000 after buying an additional 1,316,233 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Coca-Cola Consolidated by 886.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 600,152 shares of the company’s stock worth $67,007,000 after acquiring an additional 539,340 shares during the period. Jones Financial Companies Lllp boosted its position in shares of Coca-Cola Consolidated by 265,541.3% during the 1st quarter. Jones Financial Companies Lllp now owns 502,062 shares of the company’s stock valued at $677,784,000 after acquiring an additional 501,873 shares in the last quarter. Truist Financial Corp increased its stake in Coca-Cola Consolidated by 902.4% in the second quarter. Truist Financial Corp now owns 289,493 shares of the company’s stock valued at $32,322,000 after acquiring an additional 260,612 shares during the period. Finally, Vaughan Nelson Investment Management L.P. raised its position in Coca-Cola Consolidated by 548.0% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 226,905 shares of the company’s stock worth $25,334,000 after purchasing an additional 191,887 shares in the last quarter. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Consolidated Stock Performance

Shares of Coca-Cola Consolidated stock opened at $155.83 on Thursday. The firm has a market cap of $13.32 billion, a P/E ratio of 22.19 and a beta of 0.69. Coca-Cola Consolidated, Inc. has a fifty-two week low of $105.21 and a fifty-two week high of $158.14. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.78. The firm has a 50 day simple moving average of $125.44 and a 200 day simple moving average of $125.49.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $2.06 EPS for the quarter. Coca-Cola Consolidated had a net margin of 8.66% and a return on equity of 44.03%. The company had revenue of $1.89 billion during the quarter.

Coca-Cola Consolidated Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Friday, October 24th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Friday, October 24th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is presently 14.25%.

Analyst Ratings Changes

COKE has been the topic of a number of recent research reports. Weiss Ratings raised Coca-Cola Consolidated from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Wall Street Zen upgraded Coca-Cola Consolidated from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Coca-Cola Consolidated has a consensus rating of “Buy”.

About Coca-Cola Consolidated

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.