21,005 Shares in Coca-Cola Consolidated, Inc. $COKE Bought by West Family Investments Inc.

West Family Investments Inc. bought a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 21,005 shares of the company’s stock, valued at approximately $1,707,000. Coca-Cola Consolidated accounts for 0.5% of West Family Investments Inc.’s investment portfolio, making the stock its 27th biggest holding.

Other institutional investors have also recently bought and sold shares of the company. Quarry LP bought a new stake in Coca-Cola Consolidated in the 3rd quarter valued at $25,000. Advisory Services Network LLC bought a new position in shares of Coca-Cola Consolidated during the 3rd quarter worth about $25,000. J.Safra Asset Management Corp bought a new position in shares of Coca-Cola Consolidated during the 2nd quarter worth about $26,000. Newbridge Financial Services Group Inc. boosted its position in shares of Coca-Cola Consolidated by 900.0% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 230 shares of the company’s stock valued at $26,000 after acquiring an additional 207 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in shares of Coca-Cola Consolidated by 900.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 250 shares of the company’s stock valued at $28,000 after acquiring an additional 225 shares in the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Wednesday, June 24th. Wall Street Zen downgraded Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Coca-Cola Consolidated Trading Down 1.0%

NASDAQ:COKE opened at $186.84 on Thursday. The stock has a market capitalization of $12.44 billion, a P/E ratio of 24.78 and a beta of 0.55. Coca-Cola Consolidated, Inc. has a 1 year low of $110.60 and a 1 year high of $219.65. The firm has a 50 day moving average of $184.95 and a 200-day moving average of $185.50.

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

Coca-Cola Consolidated Dividend Announcement

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

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.