Osmosis Investment Management UK Ltd Takes Position in Coca-Cola Consolidated, Inc. $COKE

Osmosis Investment Management UK Ltd purchased a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 206,323 shares of the company’s stock, valued at approximately $16,768,000. Coca-Cola Consolidated comprises 0.8% of Osmosis Investment Management UK Ltd’s portfolio, making the stock its 23rd biggest position. Osmosis Investment Management UK Ltd owned 0.31% of Coca-Cola Consolidated at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Quarry LP purchased a new position in shares of Coca-Cola Consolidated during the 3rd quarter valued at $25,000. Advisory Services Network LLC bought a new stake in Coca-Cola Consolidated during the 3rd quarter worth approximately $25,000. J.Safra Asset Management Corp purchased a new stake in shares of Coca-Cola Consolidated in the second quarter worth $26,000. Newbridge Financial Services Group Inc. raised its holdings in shares of Coca-Cola Consolidated by 900.0% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 230 shares of the company’s stock valued at $26,000 after acquiring an additional 207 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in 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 purchasing an additional 225 shares in the last quarter. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Wall Street Zen downgraded Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings restated 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, According to data from MarketBeat, Coca-Cola Consolidated currently has a consensus rating of “Buy”.

Coca-Cola Consolidated Price Performance

Shares of COKE stock opened at $189.10 on Monday. The business has a 50-day moving average of $185.00 and a 200 day moving average of $185.99. Coca-Cola Consolidated, Inc. has a 1-year low of $110.60 and a 1-year high of $219.65. The stock has a market capitalization 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 EPS for the quarter. Coca-Cola Consolidated had a negative return on equity of 1,041.59% and a net margin of 7.15%.The business had revenue of $2.05 billion for the quarter.

Coca-Cola Consolidated Announces Dividend

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

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.