Prudential PLC Acquires New Holdings in Coca-Cola Consolidated, Inc. $COKE

Prudential PLC acquired a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 19,853 shares of the company’s stock, valued at approximately $3,043,000.

Other institutional investors also recently added to or reduced their stakes in the company. Torren Management LLC bought a new stake in Coca-Cola Consolidated during the fourth quarter valued at about $29,000. Morse Asset Management Inc bought a new stake in Coca-Cola Consolidated during the fourth quarter valued at about $31,000. Quarry LP bought a new stake in Coca-Cola Consolidated during the third quarter valued at about $25,000. Advisory Services Network LLC purchased a new stake in Coca-Cola Consolidated in the third quarter valued at about $25,000. Finally, Smartleaf Asset Management LLC raised its stake in Coca-Cola Consolidated by 175.0% in the third quarter. Smartleaf Asset Management LLC now owns 220 shares of the company’s stock valued at $26,000 after buying an additional 140 shares during the last quarter. Institutional investors own 48.24% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Coca-Cola Consolidated Trading Up 5.7%

Coca-Cola Consolidated stock opened at $179.91 on Friday. The stock has a 50-day moving average of $185.72 and a two-hundred day moving average of $175.29. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.91 and a current ratio of 1.23. Coca-Cola Consolidated, Inc. has a one year low of $105.44 and a one year high of $219.65. The stock has a market cap of $11.97 billion, a PE ratio of 24.61 and a beta of 0.55.

Coca-Cola Consolidated (NASDAQ:COKE) last released its quarterly earnings results on Wednesday, May 6th. The company reported $1.79 EPS for the quarter. Coca-Cola Consolidated had a return on equity of 138.44% and a net margin of 7.72%.The company had revenue of $1.71 billion during the quarter.

Coca-Cola Consolidated Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 24th were paid a $0.25 dividend. The ex-dividend date was Friday, April 24th. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is 13.68%.

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.