Accel Wealth Management Boosts Stock Holdings in Coca-Cola Consolidated, Inc. $COKE

Accel Wealth Management grew its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 856.0% during the second quarter, Holdings Channel.com reports. The fund owned 2,409 shares of the company’s stock after purchasing an additional 2,157 shares during the quarter. Accel Wealth Management’s holdings in Coca-Cola Consolidated were worth $269,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Diversified Trust Co raised its stake in shares of Coca-Cola Consolidated by 900.0% during the 2nd quarter. Diversified Trust Co now owns 1,462,487 shares of the company’s stock worth $163,287,000 after purchasing an additional 1,316,233 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Coca-Cola Consolidated by 265,541.3% during the 1st quarter. Jones Financial Companies Lllp now owns 502,062 shares of the company’s stock worth $677,784,000 after purchasing an additional 501,873 shares during the period. Truist Financial Corp raised its stake in shares of Coca-Cola Consolidated by 902.4% during the 2nd quarter. Truist Financial Corp now owns 289,493 shares of the company’s stock worth $32,322,000 after purchasing an additional 260,612 shares during the period. Vaughan Nelson Investment Management L.P. raised its stake in shares of Coca-Cola Consolidated by 548.0% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 226,905 shares of the company’s stock worth $25,334,000 after purchasing an additional 191,887 shares during the period. Finally, Boston Partners raised its stake in shares of Coca-Cola Consolidated by 676.9% during the 1st quarter. Boston Partners now owns 200,518 shares of the company’s stock worth $270,711,000 after purchasing an additional 174,709 shares during the period. 48.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Wall Street Zen upgraded Coca-Cola Consolidated from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Coca-Cola Consolidated in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

Coca-Cola Consolidated Trading Up 1.1%

Shares of COKE opened at $120.65 on Monday. The business has a 50-day moving average of $116.69 and a 200 day moving average of $126.37. Coca-Cola Consolidated, Inc. has a fifty-two week low of $105.21 and a fifty-two week high of $146.09. The firm has a market cap of $10.48 billion, a P/E ratio of 18.00 and a beta of 0.70. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.78 and a current ratio of 2.04.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its quarterly earnings data on Thursday, July 24th. The company reported $2.24 earnings per share for the quarter. Coca-Cola Consolidated had a return on equity of 44.91% and a net margin of 8.43%.The company had revenue of $1.86 billion during the quarter.

Coca-Cola Consolidated Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Friday, July 25th were given a dividend of $0.25 per share. The ex-dividend date was Friday, July 25th. This represents a $1.00 annualized dividend and a dividend yield of 0.8%. Coca-Cola Consolidated’s dividend payout ratio is currently 14.93%.

Coca-Cola Consolidated Profile

Coca-Cola Consolidated, Inc, together with its subsidiaries, manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages; and still beverages, including energy products, as well as noncarbonated beverages comprising bottled water, ready to drink coffee and tea, enhanced water, juices, and sports drinks.