Baird Financial Group Inc. Has $17.49 Million Stake in Coca-Cola Consolidated, Inc. $COKE

Baird Financial Group Inc. boosted its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 8.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 91,598 shares of the company’s stock after purchasing an additional 7,223 shares during the quarter. Baird Financial Group Inc.’s holdings in Coca-Cola Consolidated were worth $17,488,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Waverly Advisors LLC lifted its holdings in Coca-Cola Consolidated by 77.3% during the second quarter. Waverly Advisors LLC now owns 2,592 shares of the company’s stock worth $495,000 after acquiring an additional 1,130 shares during the period. Nykredit A S purchased a new stake in shares of Coca-Cola Consolidated during the second quarter worth $429,000. Amundi boosted its stake in Coca-Cola Consolidated by 85.5% in the 2nd quarter. Amundi now owns 88,813 shares of the company’s stock worth $16,956,000 after purchasing an additional 40,941 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Coca-Cola Consolidated in the second quarter valued at approximately $1,495,000. Finally, California State Teachers Retirement System grew its position in shares of Coca-Cola Consolidated by 18,902.4% during the 2nd quarter. California State Teachers Retirement System now owns 11,290,818 shares of the company’s stock valued at $2,155,643,000 after purchasing an additional 11,231,400 shares in the last quarter. 48.24% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Consolidated Price Performance

NASDAQ:COKE opened at $192.61 on Friday. Coca-Cola Consolidated, Inc. has a one year low of $110.60 and a one year high of $219.65. The firm has a market capitalization of $12.82 billion, a price-to-earnings ratio of 25.55 and a beta of 0.56. The business has a fifty day moving average price of $187.03 and a 200-day moving average price of $189.05.

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

Coca-Cola Consolidated Announces Dividend

The business also recently declared 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 yield of 0.5%. The ex-dividend date of this dividend was Friday, July 24th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is currently 13.26%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on COKE. Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Wednesday, June 24th. Wall Street Zen lowered shares of Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Coca-Cola Consolidated Profile

Coca-Cola Consolidated, Inc is the largest Coca-Cola bottler in the United States. Headquartered in Charlotte, North Carolina, the company manufactures, sells, markets and distributes beverages produced under The Coca-Cola Company’s brands, as well as a selection of other beverage products.

Its portfolio includes Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Sprite, Fanta, DASANI, smartwater, Powerade, Minute Maid, Simply, fairlife and Topo Chico, along with other brands and products available in its distribution territories.