Swiss National Bank Buys 93,285 Shares of Coca-Cola Consolidated, Inc. $COKE

Swiss National Bank raised its stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 883.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 103,850 shares of the company’s stock after acquiring an additional 93,285 shares during the quarter. Swiss National Bank owned about 0.12% of Coca-Cola Consolidated worth $11,595,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Coca-Cola Consolidated in the first quarter valued at approximately $1,824,000. Avantax Advisory Services Inc. boosted its stake in Coca-Cola Consolidated by 18.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 237 shares of the company’s stock valued at $319,000 after purchasing an additional 37 shares during the period. Cetera Investment Advisers grew 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 valued at $2,439,000 after buying an additional 28 shares in the last quarter. LPL Financial LLC grew its holdings in Coca-Cola Consolidated by 3.8% in the 1st quarter. LPL Financial LLC now owns 5,324 shares of the company’s stock valued at $7,187,000 after buying an additional 197 shares in the last quarter. Finally, Foundations Investment Advisors LLC increased its position in Coca-Cola Consolidated by 34.7% during the 1st quarter. Foundations Investment Advisors LLC now owns 233 shares of the company’s stock worth $314,000 after buying an additional 60 shares during the period. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Consolidated Price Performance

Coca-Cola Consolidated stock opened at $163.91 on Friday. The firm has a market cap of $14.01 billion, a PE ratio of 23.34 and a beta of 0.69. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.78. The stock’s fifty day moving average price is $134.64 and its two-hundred day moving average price is $128.49. Coca-Cola Consolidated, Inc. has a one year low of $105.21 and a one year high of $166.21.

Coca-Cola Consolidated Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Friday, October 24th were paid 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 payout ratio is 14.25%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Coca-Cola Consolidated from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company 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.