8,877 Shares in Coca-Cola Consolidated, Inc. $COKE Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. acquired a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,877 shares of the company’s stock, valued at approximately $1,040,000.

Other institutional investors have also added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Coca-Cola Consolidated by 8.7% in the first 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 buying an additional 1,385 shares during the period. Blue Trust Inc. grew its position in Coca-Cola Consolidated by 935.0% in the 2nd quarter. Blue Trust Inc. now owns 828 shares of the company’s stock valued at $92,000 after acquiring an additional 748 shares during the last quarter. Inspire Investing LLC increased its stake in Coca-Cola Consolidated by 973.5% in the second quarter. Inspire Investing LLC now owns 2,512 shares of the company’s stock worth $280,000 after purchasing an additional 2,278 shares during the period. Vanguard Personalized Indexing Management LLC lifted its position in shares of Coca-Cola Consolidated by 902.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,126 shares of the company’s stock worth $684,000 after purchasing an additional 5,515 shares during the last quarter. Finally, CWM LLC boosted its stake in shares of Coca-Cola Consolidated by 452.9% during the second quarter. CWM LLC now owns 4,324 shares of the company’s stock valued at $483,000 after purchasing an additional 3,542 shares during the period. Institutional investors own 48.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy”.

Coca-Cola Consolidated Price Performance

Shares of COKE stock opened at $161.91 on Friday. Coca-Cola Consolidated, Inc. has a twelve month low of $105.21 and a twelve month high of $169.49. The company has a current ratio of 2.04, a quick ratio of 1.79 and a debt-to-equity ratio of 0.88. The stock has a fifty day simple moving average of $156.02 and a two-hundred day simple moving average of $138.77. The stock has a market capitalization of $13.84 billion, a price-to-earnings ratio of 23.05 and a beta of 0.64.

Coca-Cola Consolidated Dividend Announcement

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

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.