Wealth Enhancement Advisory Services LLC Acquires 5,700 Shares of Coca-Cola Consolidated, Inc. $COKE

Wealth Enhancement Advisory Services LLC raised its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 35.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,932 shares of the company’s stock after purchasing an additional 5,700 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Coca-Cola Consolidated were worth $2,628,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Coca-Cola Consolidated by 8.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,251 shares of the company’s stock worth $23,289,000 after acquiring an additional 1,385 shares in the last quarter. GAMMA Investing LLC lifted its position in Coca-Cola Consolidated by 668.1% during the second quarter. GAMMA Investing LLC now owns 1,037 shares of the company’s stock valued at $116,000 after buying an additional 902 shares during the period. Fifth Third Bancorp boosted its holdings in shares of Coca-Cola Consolidated by 633.9% during the 2nd quarter. Fifth Third Bancorp now owns 455 shares of the company’s stock valued at $51,000 after buying an additional 393 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Coca-Cola Consolidated by 777.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 17,813 shares of the company’s stock valued at $1,989,000 after buying an additional 15,783 shares in the last quarter. Finally, Signaturefd LLC grew its position in shares of Coca-Cola Consolidated by 875.6% in the 2nd quarter. Signaturefd LLC now owns 800 shares of the company’s stock worth $89,000 after buying an additional 718 shares during the period. 48.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Consolidated in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Coca-Cola Consolidated Stock Down 0.7%

Shares of COKE stock opened at $149.50 on Thursday. Coca-Cola Consolidated, Inc. has a 12 month low of $105.21 and a 12 month high of $169.49. The company has a 50 day simple moving average of $157.88 and a two-hundred day simple moving average of $135.25. The stock has a market cap of $12.77 billion, a P/E ratio of 21.28 and a beta of 0.65. The company has a current ratio of 2.04, a quick ratio of 1.79 and a debt-to-equity ratio of 0.88.

Coca-Cola Consolidated Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 6th. Investors of record on Friday, January 23rd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, January 23rd. Coca-Cola Consolidated’s dividend payout ratio (DPR) is 14.25%.

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.