CFO4Life Group LLC Makes New $1.16 Million Investment in Coca-Cola Consolidated, Inc. $COKE

CFO4Life Group LLC acquired a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 14,224 shares of the company’s stock, valued at approximately $1,156,000.

Other institutional investors also recently modified their holdings of the company. Quantbot Technologies LP acquired a new position in shares of Coca-Cola Consolidated during the second quarter worth approximately $1,672,000. Fortress Financial Group LLC acquired a new stake in shares of Coca-Cola Consolidated in the second quarter valued at approximately $377,000. Evolve Private Wealth LLC bought a new position in Coca-Cola Consolidated in the 2nd quarter worth approximately $358,000. Martin & Co. Inc. TN bought a new position in Coca-Cola Consolidated in the 2nd quarter worth approximately $1,575,000. Finally, WealthShield Partners LLC acquired a new position in Coca-Cola Consolidated during the 2nd quarter worth $279,000. 48.24% of the stock is owned by institutional investors.

Coca-Cola Consolidated Trading Up 0.8%

NASDAQ COKE opened at $189.10 on Friday. The stock has a 50-day simple moving average of $185.00 and a 200 day simple moving average of $185.77. The company has a market capitalization of $12.59 billion, a PE ratio of 25.08 and a beta of 0.55. Coca-Cola Consolidated, Inc. has a 12 month low of $110.60 and a 12 month high of $219.65.

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

Coca-Cola Consolidated Dividend Announcement

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

Wall Street Analyst Weigh In

COKE has been the subject of several recent research reports. Wall Street Zen cut Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus 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.