Coca-Cola Consolidated, Inc. $COKE Holdings Raised by Ritholtz Wealth Management

Ritholtz Wealth Management lifted its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 29.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,304 shares of the company’s stock after buying an additional 8,344 shares during the quarter. Ritholtz Wealth Management owned approximately 0.05% of Coca-Cola Consolidated worth $6,871,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. J.Safra Asset Management Corp purchased a new stake in Coca-Cola Consolidated in the second quarter worth about $26,000. Provenance Wealth Advisors LLC bought a new position in Coca-Cola Consolidated during the 3rd quarter worth about $27,000. CX Institutional increased its position in Coca-Cola Consolidated by 122.6% during the 3rd quarter. CX Institutional now owns 187 shares of the company’s stock valued at $35,000 after purchasing an additional 103 shares during the period. Strategic Wealth Advisors LLC purchased a new position in Coca-Cola Consolidated during the 2nd quarter valued at about $37,000. Finally, Ballast Advisors LLC bought a new stake in shares of Coca-Cola Consolidated in the 1st quarter valued at about $38,000. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Trading Down 2.3%

COKE opened at $207.00 on Friday. The firm has a market cap of $13.78 billion, a price-to-earnings ratio of 24.24 and a beta of 0.56. Coca-Cola Consolidated, Inc. has a 12 month low of $142.83 and a 12 month high of $219.99. The stock has a fifty day moving average price of $199.69 and a 200-day moving average price of $189.01.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $2.63 earnings per share for the quarter. Coca-Cola Consolidated had a negative return on equity of 115.21% and a net margin of 7.49%. The company had revenue of $1.99 billion for the quarter.

Coca-Cola Consolidated Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 6th. Shareholders of record on Friday, October 23rd were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, October 23rd. Coca-Cola Consolidated’s dividend payout ratio is presently 11.71%.

Analyst Ratings Changes

COKE has been the subject of several research reports. Weiss Ratings raised shares of Coca-Cola Consolidated from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, October 16th. 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 research analyst has rated the stock with a Buy rating. According to MarketBeat, the company currently has a consensus rating of “Buy”.

Coca-Cola Consolidated Company Profile

Coca-Cola Consolidated, Inc. is a beverage bottler, manufacturer and distributor headquartered in Charlotte, North Carolina. The company traces its roots to 1902 and is the largest independent Coca-Cola bottler in the United States. Its business includes producing, selling and distributing a wide range of nonalcoholic beverages. Its portfolio includes Coca-Cola products and other brands such as Sprite, Fanta, Dasani and Powerade, along with beverages from additional brand partners. Coca-Cola Consolidated serves customers across portions of the Southeast, Mid-Atlantic and Midwest, including parts of 14 states and the District of Columbia.