Vest Financial LLC Increases Stake in Coca-Cola Consolidated, Inc. $COKE

Vest Financial LLC grew its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 338.2% during the 3rd quarter, Holdings Channel reports. The fund owned 144,685 shares of the company’s stock after buying an additional 111,668 shares during the quarter. Vest Financial LLC’s holdings in Coca-Cola Consolidated were worth $16,951,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Nomura Asset Management Co. Ltd. lifted its position in Coca-Cola Consolidated by 900.0% in the second quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the company’s stock valued at $26,000 after purchasing an additional 207 shares during the period. Root Financial Partners LLC purchased a new position in shares of Coca-Cola Consolidated during the 3rd quarter worth approximately $26,000. Newbridge Financial Services Group Inc. raised its stake in shares of Coca-Cola Consolidated by 900.0% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 230 shares of the company’s stock worth $26,000 after buying an additional 207 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Coca-Cola Consolidated by 900.0% in the second quarter. Geneos Wealth Management Inc. now owns 250 shares of the company’s stock valued at $28,000 after buying an additional 225 shares in the last quarter. Finally, Rakuten Securities Inc. boosted its stake in shares of Coca-Cola Consolidated by 1,646.7% in the second quarter. Rakuten Securities Inc. now owns 262 shares of the company’s stock valued at $29,000 after buying an additional 247 shares in the last quarter. 48.24% of the stock is currently 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 research report on Monday, December 29th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Coca-Cola Consolidated Stock Performance

COKE opened at $154.00 on Thursday. Coca-Cola Consolidated, Inc. has a 1-year low of $105.21 and a 1-year high of $169.49. The stock has a market cap of $13.16 billion, a P/E ratio of 21.92 and a beta of 0.65. The stock’s 50 day simple moving average is $159.01 and its 200 day simple moving average is $134.01. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.79.

Coca-Cola Consolidated Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 6th. Stockholders of record on Friday, January 23rd will be given a $0.25 dividend. The ex-dividend date is Friday, January 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is currently 14.25%.

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.