LSV Asset Management Has $10.53 Million Stock Position in Coca-Cola Consolidated, Inc. $COKE

LSV Asset Management increased its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 882.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 94,300 shares of the company’s stock after acquiring an additional 84,700 shares during the period. LSV Asset Management’s holdings in Coca-Cola Consolidated were worth $10,529,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Boston Partners grew its stake in Coca-Cola Consolidated by 942.2% in the second quarter. Boston Partners now owns 2,089,876 shares of the company’s stock valued at $233,345,000 after purchasing an additional 1,889,358 shares in the last quarter. Diversified Trust Co boosted its holdings in shares of Coca-Cola Consolidated by 900.0% in the 2nd quarter. Diversified Trust Co now owns 1,462,487 shares of the company’s stock valued at $163,287,000 after buying an additional 1,316,233 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Coca-Cola Consolidated by 882.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,302,088 shares of the company’s stock valued at $145,398,000 after buying an additional 1,169,611 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Coca-Cola Consolidated by 886.9% in the second quarter. Bank of New York Mellon Corp now owns 600,152 shares of the company’s stock valued at $67,007,000 after buying an additional 539,340 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in Coca-Cola Consolidated by 265,541.3% during the first quarter. Jones Financial Companies Lllp now owns 502,062 shares of the company’s stock worth $677,784,000 after buying an additional 501,873 shares during the last quarter. 48.24% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Consolidated Stock Up 1.3%

COKE stock opened at $163.66 on Thursday. Coca-Cola Consolidated, Inc. has a 1-year low of $105.21 and a 1-year high of $164.91. The business’s 50 day simple moving average is $129.43 and its 200 day simple moving average is $126.65. The company has a current ratio of 2.04, a quick ratio of 1.78 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $13.98 billion, a PE ratio of 23.30 and a beta of 0.69.

Coca-Cola Consolidated Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Friday, October 24th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Friday, October 24th. Coca-Cola Consolidated’s payout ratio is currently 14.25%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on COKE shares. Wall Street Zen raised shares of Coca-Cola Consolidated from a “hold” rating to a “buy” rating in a research 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 research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus 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.