EJF Capital LLC Purchases 11,025 Shares of Coca-Cola Consolidated, Inc. $COKE

EJF Capital LLC lifted its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 900.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,250 shares of the company’s stock after acquiring an additional 11,025 shares during the period. EJF Capital LLC’s holdings in Coca-Cola Consolidated were worth $1,368,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Semmax Financial Advisors Inc. bought a new stake in Coca-Cola Consolidated in the first quarter worth approximately $50,000. Freestone Capital Holdings LLC acquired a new stake in shares of Coca-Cola Consolidated during the 1st quarter worth approximately $217,000. Quantbot Technologies LP increased its stake in shares of Coca-Cola Consolidated by 212.1% in the 1st quarter. Quantbot Technologies LP now owns 181 shares of the company’s stock valued at $244,000 after acquiring an additional 123 shares in the last quarter. Petrus Trust Company LTA acquired a new position in shares of Coca-Cola Consolidated during the 1st quarter valued at $248,000. Finally, Westbourne Investments Inc. bought a new position in Coca-Cola Consolidated during the first quarter worth $256,000. 48.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Consolidated in a report on Wednesday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy”.

Coca-Cola Consolidated Stock Performance

NASDAQ COKE opened at $165.78 on Friday. The company has a current ratio of 2.04, a quick ratio of 1.79 and a debt-to-equity ratio of 0.88. The company has a fifty day simple moving average of $145.11 and a 200 day simple moving average of $125.05. Coca-Cola Consolidated, Inc. has a 12-month low of $105.21 and a 12-month high of $168.21. The company has a market cap of $14.17 billion, a P/E ratio of 23.60 and a beta of 0.63.

Coca-Cola Consolidated Dividend Announcement

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

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.