Coca-Cola Consolidated, Inc. $COKE Shares Bought by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 900.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,120 shares of the company’s stock after acquiring an additional 2,808 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Coca-Cola Consolidated were worth $348,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Strategic Blueprint LLC raised its holdings in Coca-Cola Consolidated by 883.5% in the 2nd quarter. Strategic Blueprint LLC now owns 4,583 shares of the company’s stock valued at $512,000 after acquiring an additional 4,117 shares during the last quarter. OLD Point Trust & Financial Services N A raised its holdings in Coca-Cola Consolidated by 900.0% in the 2nd quarter. OLD Point Trust & Financial Services N A now owns 280 shares of the company’s stock valued at $31,000 after acquiring an additional 252 shares during the last quarter. Ethic Inc. raised its holdings in Coca-Cola Consolidated by 925.9% in the 2nd quarter. Ethic Inc. now owns 8,659 shares of the company’s stock valued at $965,000 after acquiring an additional 7,815 shares during the last quarter. Whittier Trust Co. raised its holdings in Coca-Cola Consolidated by 960.0% in the 2nd quarter. Whittier Trust Co. now owns 2,120 shares of the company’s stock valued at $237,000 after acquiring an additional 1,920 shares during the last quarter. Finally, Securian Asset Management Inc. raised its holdings in Coca-Cola Consolidated by 841.8% in the 2nd quarter. Securian Asset Management Inc. now owns 4,464 shares of the company’s stock valued at $498,000 after acquiring an additional 3,990 shares during the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Down 1.2%

Shares of NASDAQ COKE opened at $127.71 on Friday. The company has a 50 day simple moving average of $120.18 and a 200-day simple moving average of $125.83. The company has a market capitalization of $11.10 billion, a P/E ratio of 19.06 and a beta of 0.70. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.78. Coca-Cola Consolidated, Inc. has a 1 year low of $105.21 and a 1 year high of $146.09.

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

Coca-Cola Consolidated Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, October 24th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, October 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.8%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is currently 14.93%.

Analyst Upgrades and Downgrades

A number of research firms have commented on COKE. Wall Street Zen upgraded shares of Coca-Cola Consolidated from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Weiss Ratings upgraded shares of Coca-Cola Consolidated from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Coca-Cola Consolidated presently has an average rating of “Buy”.

About Coca-Cola Consolidated

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.