Tiemann Investment Advisors LLC Makes New Investment in Coca-Cola Consolidated, Inc. $COKE

Tiemann Investment Advisors LLC purchased a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the second quarter, HoldingsChannel reports. The institutional investor purchased 5,903 shares of the company’s stock, valued at approximately $480,000.

Several other hedge funds also recently modified their holdings of the company. Citizens Financial Group Inc. RI bought a new stake in shares of Coca-Cola Consolidated in the 2nd quarter worth $219,000. Texas Capital Bank Wealth Management Services Inc acquired a new stake in shares of Coca-Cola Consolidated in the second quarter valued at $866,000. Aegis Wealth Management LLC bought a new position in Coca-Cola Consolidated during the second quarter valued at about $351,000. Pavion Blue Capital LLC bought a new position in Coca-Cola Consolidated during the second quarter valued at about $4,294,000. Finally, UNIVEST FINANCIAL Corp acquired a new position in Coca-Cola Consolidated during the second quarter worth about $767,000. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Consolidated Stock Performance

Shares of NASDAQ:COKE opened at $186.21 on Tuesday. The company has a market capitalization of $12.39 billion, a PE ratio of 24.70 and a beta of 0.55. The stock has a fifty day moving average of $184.96 and a 200-day moving average of $184.96. Coca-Cola Consolidated, Inc. has a one year low of $110.60 and a one year high of $219.65.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its earnings results on Wednesday, August 5th. The company reported $2.83 earnings per share (EPS) for the quarter. The business had revenue of $2.05 billion for the quarter. Coca-Cola Consolidated had a negative return on equity of 1,041.59% and a net margin of 7.15%.

Coca-Cola Consolidated Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Friday, July 24th were given a $0.25 dividend. The ex-dividend date was Friday, July 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is 13.26%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on COKE shares. Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Consolidated in a report on Wednesday, June 24th. Wall Street Zen cut shares of Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Coca-Cola Consolidated currently has an average rating of “Buy”.

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.