3,919 Shares in Coca-Cola Consolidated, Inc. $COKE Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. acquired a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 3,919 shares of the company’s stock, valued at approximately $751,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of COKE. Quarry LP acquired a new stake in shares of Coca-Cola Consolidated in the third quarter valued at approximately $25,000. Advisory Services Network LLC acquired a new position in shares of Coca-Cola Consolidated during the third quarter worth approximately $25,000. Newbridge Financial Services Group Inc. grew its holdings in Coca-Cola Consolidated by 900.0% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 230 shares of the company’s stock worth $26,000 after buying an additional 207 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in Coca-Cola Consolidated by 900.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 250 shares of the company’s stock worth $28,000 after buying an additional 225 shares in the last quarter. Finally, Torren Management LLC bought a new position in Coca-Cola Consolidated in the 4th quarter worth approximately $29,000. 48.24% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Consolidated Trading Up 0.1%

Shares of NASDAQ COKE opened at $181.00 on Wednesday. The company has a market capitalization of $12.05 billion, a price-to-earnings ratio of 24.76 and a beta of 0.55. Coca-Cola Consolidated, Inc. has a twelve month low of $110.60 and a twelve month high of $219.65. The firm has a 50-day moving average of $182.78 and a two-hundred day moving average of $182.66.

Coca-Cola Consolidated (NASDAQ:COKE) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $1.79 earnings per share (EPS) for the quarter. The firm had revenue of $1.71 billion for the quarter. Coca-Cola Consolidated had a net margin of 7.72% and a return on equity of 138.44%.

Coca-Cola Consolidated Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, July 24th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, July 24th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is presently 13.68%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Coca-Cola Consolidated currently has a consensus rating of “Buy”.

About Coca-Cola Consolidated

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.