Savant Capital LLC Acquires 4,156 Shares of Coca-Cola Consolidated, Inc. $COKE

Savant Capital LLC raised its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 130.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,335 shares of the company’s stock after buying an additional 4,156 shares during the period. Savant Capital LLC’s holdings in Coca-Cola Consolidated were worth $859,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Envestnet Asset Management Inc. boosted its holdings in Coca-Cola Consolidated by 320.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 82,171 shares of the company’s stock valued at $9,627,000 after acquiring an additional 62,645 shares during the period. Hantz Financial Services Inc. raised its holdings in Coca-Cola Consolidated by 1,244.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 457 shares of the company’s stock valued at $54,000 after buying an additional 423 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in Coca-Cola Consolidated by 10.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 3,599 shares of the company’s stock worth $415,000 after acquiring an additional 350 shares during the last quarter. UMB Bank n.a. increased its position in shares of Coca-Cola Consolidated by 32.3% in the third quarter. UMB Bank n.a. now owns 873 shares of the company’s stock valued at $102,000 after acquiring an additional 213 shares during the period. Finally, Keybank National Association OH raised its stake in shares of Coca-Cola Consolidated by 4.9% during the third quarter. Keybank National Association OH now owns 3,977 shares of the company’s stock valued at $466,000 after acquiring an additional 186 shares during the last quarter. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Trading Up 1.7%

COKE opened at $159.14 on Thursday. The stock has a market cap of $13.60 billion, a PE ratio of 22.66 and a beta of 0.64. The company has a quick ratio of 1.79, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. The business has a 50 day moving average of $156.19 and a 200-day moving average of $138.10. Coca-Cola Consolidated, Inc. has a 52 week low of $105.21 and a 52 week high of $169.49.

Coca-Cola Consolidated Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 6th. Shareholders of record on Friday, January 23rd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Friday, January 23rd. Coca-Cola Consolidated’s dividend payout ratio is 14.25%.

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 equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy”.

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.