Haverford Financial Services Inc. Takes $5.78 Million Position in Coca-Cola Consolidated, Inc. $COKE

Haverford Financial Services Inc. acquired a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 71,092 shares of the company’s stock, valued at approximately $5,778,000. Coca-Cola Consolidated makes up 1.7% of Haverford Financial Services Inc.’s holdings, making the stock its 25th biggest holding.

Several other hedge funds have also recently bought and sold shares of COKE. Ascentis Independent Advisors purchased a new stake in Coca-Cola Consolidated during the first quarter worth about $31,000. Torren Management LLC acquired a new stake in shares of Coca-Cola Consolidated during the fourth quarter worth about $29,000. Morse Asset Management Inc purchased a new position in shares of Coca-Cola Consolidated in the fourth quarter valued at approximately $31,000. Ballast Advisors LLC purchased a new position in shares of Coca-Cola Consolidated in the first quarter valued at approximately $38,000. Finally, Quarry LP acquired a new position in shares of Coca-Cola Consolidated in the third quarter valued at approximately $25,000. Institutional investors and hedge funds own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Performance

Shares of NASDAQ:COKE opened at $189.10 on Monday. The firm has a 50 day simple moving average of $185.00 and a 200-day simple moving average of $185.99. Coca-Cola Consolidated, Inc. has a twelve month low of $110.60 and a twelve month high of $219.65. 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 (NASDAQ:COKE) last posted its 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 firm had revenue of $2.05 billion for the quarter.

Coca-Cola Consolidated Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Friday, July 24th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date was Friday, July 24th. Coca-Cola Consolidated’s dividend payout ratio is currently 13.26%.

Analyst Upgrades and Downgrades

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

Coca-Cola Consolidated Company 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.