Police & Firemen s Retirement System of New Jersey Increases Holdings in Coca-Cola Consolidated, Inc. $COKE

Police & Firemen s Retirement System of New Jersey raised its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 794.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,745 shares of the company’s stock after purchasing an additional 17,538 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Coca-Cola Consolidated were worth $2,205,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in COKE. CW Advisors LLC increased its stake in shares of Coca-Cola Consolidated by 5.4% during the first quarter. CW Advisors LLC now owns 194 shares of the company’s stock valued at $262,000 after buying an additional 10 shares during the period. Resona Asset Management Co. Ltd. boosted its holdings in Coca-Cola Consolidated by 2.7% in the first quarter. Resona Asset Management Co. Ltd. now owns 455 shares of the company’s stock valued at $614,000 after acquiring an additional 12 shares in the last quarter. Kovitz Investment Group Partners LLC increased its position in Coca-Cola Consolidated by 1.9% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 952 shares of the company’s stock valued at $1,285,000 after purchasing an additional 18 shares during the period. Glenview Trust co raised its holdings in Coca-Cola Consolidated by 8.2% in the 1st quarter. Glenview Trust co now owns 277 shares of the company’s stock worth $374,000 after purchasing an additional 21 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in Coca-Cola Consolidated by 1.6% in the 1st quarter. Cetera Investment Advisers now owns 1,806 shares of the company’s stock worth $2,439,000 after purchasing an additional 28 shares in the last quarter. 48.24% of the stock is currently owned by institutional investors.

Coca-Cola Consolidated Stock Up 1.3%

Shares of Coca-Cola Consolidated 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 firm has a market cap of $13.98 billion, a price-to-earnings ratio of 23.30 and a beta of 0.69. The company has a 50-day moving average of $129.43 and a 200 day moving average of $126.65. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Friday, October 24th were issued a dividend of $0.25 per share. 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 dividend payout ratio (DPR) is presently 14.25%.

Wall Street Analysts Forecast Growth

COKE has been the topic of a number of research reports. Wall Street Zen raised shares of Coca-Cola Consolidated from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Weiss Ratings raised Coca-Cola Consolidated from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Coca-Cola Consolidated currently has a consensus rating of “Buy”.

Coca-Cola Consolidated Profile

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.