Fox Run Management L.L.C. Buys Shares of 3,867 Coca-Cola Consolidated, Inc. $COKE

Fox Run Management L.L.C. bought a new position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the third quarter, HoldingsChannel.com reports. The firm bought 3,867 shares of the company’s stock, valued at approximately $453,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Resona Asset Management Co. Ltd. raised its holdings in shares of Coca-Cola Consolidated by 900.0% during the second quarter. Resona Asset Management Co. Ltd. now owns 4,550 shares of the company’s stock worth $508,000 after acquiring an additional 4,095 shares during the period. CWM LLC increased its holdings in Coca-Cola Consolidated by 209.4% during the 3rd quarter. CWM LLC now owns 13,378 shares of the company’s stock worth $1,567,000 after purchasing an additional 9,054 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Coca-Cola Consolidated by 320.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 82,171 shares of the company’s stock valued at $9,627,000 after purchasing an additional 62,645 shares during the period. Hsbc Holdings PLC lifted its holdings in shares of Coca-Cola Consolidated by 663.7% in the second quarter. Hsbc Holdings PLC now owns 24,889 shares of the company’s stock valued at $2,778,000 after purchasing an additional 21,630 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Coca-Cola Consolidated during the second quarter worth about $280,669,000. 48.24% of the stock is owned by institutional investors.

Coca-Cola Consolidated Trading Up 1.5%

Coca-Cola Consolidated stock opened at $202.40 on Monday. The company has a market cap of $13.47 billion, a price-to-earnings ratio of 29.69 and a beta of 0.60. The firm has a 50-day moving average of $159.99 and a 200-day moving average of $143.90. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.26 and a quick ratio of 0.97. Coca-Cola Consolidated, Inc. has a one year low of $105.21 and a one year high of $205.00.

Coca-Cola Consolidated (NASDAQ:COKE) last released its earnings results on Wednesday, February 18th. The company reported $2.11 earnings per share (EPS) for the quarter. Coca-Cola Consolidated had a return on equity of 66.42% and a net margin of 7.89%.The business had revenue of $1.90 billion for the quarter.

Coca-Cola Consolidated Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 6th. Stockholders of record on Friday, January 23rd were paid a dividend of $0.25 per share. The ex-dividend date was Friday, January 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. Coca-Cola Consolidated’s dividend payout ratio is currently 14.66%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Monday, December 29th. One investment 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.