Prudential Financial Inc. Has $6.15 Million Position in Coca-Cola Consolidated, Inc. $COKE

Prudential Financial Inc. lifted its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 777.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,035 shares of the company’s stock after acquiring an additional 48,766 shares during the period. Prudential Financial Inc.’s holdings in Coca-Cola Consolidated were worth $6,145,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of COKE. Boston Partners raised its holdings in Coca-Cola Consolidated by 942.2% in the second quarter. Boston Partners now owns 2,089,876 shares of the company’s stock worth $233,345,000 after purchasing an additional 1,889,358 shares during the period. Diversified Trust Co increased its position 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 in the last quarter. Geode Capital Management LLC raised its stake in Coca-Cola Consolidated by 882.9% during the 2nd quarter. Geode Capital Management LLC now owns 1,302,088 shares of the company’s stock worth $145,398,000 after buying an additional 1,169,611 shares during the period. Bank of New York Mellon Corp raised its stake in Coca-Cola Consolidated by 886.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 600,152 shares of the company’s stock worth $67,007,000 after buying an additional 539,340 shares during the period. Finally, Jones Financial Companies Lllp lifted 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 acquiring an additional 501,873 shares in the last quarter. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Price Performance

COKE stock opened at $162.79 on Friday. The stock has a 50-day moving average price of $135.63 and a two-hundred day moving average price of $128.90. Coca-Cola Consolidated, Inc. has a 1 year low of $105.21 and a 1 year high of $166.21. The stock has a market cap of $13.91 billion, a PE ratio of 23.18 and a beta of 0.69. The company has a current ratio of 2.04, a quick ratio of 1.78 and a debt-to-equity ratio of 0.88.

Coca-Cola Consolidated Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Friday, October 24th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Friday, October 24th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is currently 14.25%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Coca-Cola Consolidated from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Coca-Cola Consolidated presently has a consensus rating of “Buy”.

Coca-Cola Consolidated Company 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.