11,456 Shares in Coca-Cola Consolidated, Inc. $COKE Bought by Occidental Asset Management LLC

Occidental Asset Management LLC acquired a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,456 shares of the company’s stock, valued at approximately $931,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Ascentis Independent Advisors purchased a new stake in shares of Coca-Cola Consolidated during the 1st quarter worth about $31,000. Torren Management LLC bought a new stake in shares of Coca-Cola Consolidated in the 4th quarter valued at approximately $29,000. Morse Asset Management Inc bought a new stake in shares of Coca-Cola Consolidated in the 4th quarter valued at approximately $31,000. Ballast Advisors LLC acquired a new position in Coca-Cola Consolidated in the first quarter worth approximately $38,000. Finally, Quarry LP acquired a new position in Coca-Cola Consolidated in the third quarter worth approximately $25,000. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on COKE shares. 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. Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Coca-Cola Consolidated currently has an average rating of “Buy”.

Coca-Cola Consolidated Trading Down 1.5%

Shares of Coca-Cola Consolidated stock opened at $186.21 on Tuesday. The firm has a fifty day simple moving average of $184.96 and a 200-day simple moving average of $184.96. Coca-Cola Consolidated, Inc. has a 1-year low of $110.60 and a 1-year high of $219.65. The stock has a market capitalization of $12.39 billion, a price-to-earnings ratio of 24.70 and a beta of 0.55.

Coca-Cola Consolidated (NASDAQ:COKE) last posted 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 net margin of 7.15% and a negative return on equity of 1,041.59%.

Coca-Cola Consolidated Dividend Announcement

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

Coca-Cola Consolidated 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.