Northstar Financial Companies Inc. Invests $425,000 in Coca-Cola Consolidated, Inc. $COKE

Northstar Financial Companies Inc. bought a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,227 shares of the company’s stock, valued at approximately $425,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Ascentis Independent Advisors acquired a new position in Coca-Cola Consolidated during the first quarter worth approximately $31,000. Torren Management LLC acquired a new position in shares of Coca-Cola Consolidated in the 4th quarter valued at $29,000. Morse Asset Management Inc acquired a new position in shares of Coca-Cola Consolidated in the 4th quarter valued at $31,000. Ballast Advisors LLC purchased a new stake in shares of Coca-Cola Consolidated during the 1st quarter valued at $38,000. Finally, Quarry LP purchased a new stake in shares of Coca-Cola Consolidated during the 3rd quarter valued at $25,000. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

COKE has been the topic of several research reports. Wall Street Zen lowered Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Consolidated in a report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy”.

Coca-Cola Consolidated Stock Performance

COKE opened at $189.11 on Monday. Coca-Cola Consolidated, Inc. has a 1 year low of $110.60 and a 1 year high of $219.65. The firm has a 50 day moving average price of $184.81 and a 200 day moving average price of $184.70. The company has a market cap of $12.59 billion, a PE ratio of 25.08 and a beta of 0.55.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $2.83 earnings per share for the quarter. Coca-Cola Consolidated had a net margin of 7.15% and a negative return on equity of 1,041.59%. The firm had revenue of $2.05 billion for the quarter.

Coca-Cola Consolidated Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Friday, July 24th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, July 24th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. Coca-Cola Consolidated’s payout ratio is presently 13.26%.

Coca-Cola Consolidated Company 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.