Johnson Financial Group Inc. Makes New Investment in Coca-Cola Consolidated, Inc. $COKE

Johnson Financial Group Inc. acquired a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 14,895 shares of the company’s stock, valued at approximately $1,218,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. one8zero8 LLC bought a new stake in shares of Coca-Cola Consolidated in the second quarter worth about $982,000. Kentucky Farm Bureau Mutual Insurance Co purchased a new position in Coca-Cola Consolidated during the 2nd quarter valued at about $2,438,000. Addison Advisors LLC bought a new position in Coca-Cola Consolidated during the 2nd quarter valued at approximately $96,000. West Family Investments Inc. purchased a new stake in Coca-Cola Consolidated in the 2nd quarter worth approximately $1,707,000. Finally, Bantamac Capital LLC purchased a new stake in Coca-Cola Consolidated in the 2nd quarter worth approximately $569,000. 48.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on COKE shares. Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Wednesday, June 24th. Wall Street Zen lowered Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Coca-Cola Consolidated currently has an average rating of “Buy”.

Coca-Cola Consolidated Price Performance

COKE stock opened at $186.84 on Thursday. Coca-Cola Consolidated, Inc. has a 1 year low of $110.60 and a 1 year high of $219.65. The company has a market cap of $12.44 billion, a P/E ratio of 24.78 and a beta of 0.55. The firm has a 50-day moving average of $184.95 and a 200 day moving average of $185.50.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.83 EPS for the quarter. The business had revenue of $2.05 billion during the quarter. Coca-Cola Consolidated had a net margin of 7.15% and a negative return on equity of 1,041.59%.

Coca-Cola Consolidated Announces Dividend

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

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.