202,915 Shares in Coca-Cola Consolidated, Inc. $COKE Acquired by Van Hulzen Asset Management LLC

Van Hulzen Asset Management LLC bought a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 202,915 shares of the company’s stock, valued at approximately $16,491,000. Coca-Cola Consolidated comprises 1.2% of Van Hulzen Asset Management LLC’s investment portfolio, making the stock its 21st largest position. Van Hulzen Asset Management LLC owned approximately 0.30% of Coca-Cola Consolidated at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Veratis Advisors Inc. bought a new stake in Coca-Cola Consolidated during the second quarter worth approximately $260,000. Wood Tarver Financial Group LLC bought a new position in shares of Coca-Cola Consolidated in the second quarter valued at $322,000. Front Street Capital Management Inc. acquired a new stake in shares of Coca-Cola Consolidated during the 2nd quarter valued at $395,000. Peak Asset Management LLC acquired a new stake in shares of Coca-Cola Consolidated during the 2nd quarter valued at $911,000. Finally, Fiduciary Financial Advisors bought a new stake in shares of Coca-Cola Consolidated during the 2nd quarter worth $621,000. 48.24% of the stock is currently owned by institutional investors.

Coca-Cola Consolidated Price Performance

COKE stock opened at $192.60 on Tuesday. Coca-Cola Consolidated, Inc. has a 52-week low of $110.60 and a 52-week high of $219.65. The company’s 50 day simple moving average is $185.14 and its 200-day simple moving average is $186.25. The firm has a market capitalization of $12.82 billion, a P/E ratio of 25.54 and a beta of 0.55.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $2.83 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 business had revenue of $2.05 billion during the quarter.

Coca-Cola Consolidated Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on COKE shares. Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Consolidated in a report on Wednesday, June 24th. Wall Street Zen lowered Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a research 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 currently has an average rating of “Buy”.

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.