Coca-Cola Consolidated, Inc. $COKE Shares Purchased by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated boosted its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 48.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,051 shares of the company’s stock after acquiring an additional 2,938 shares during the period. Silver Oak Securities Incorporated’s holdings in Coca-Cola Consolidated were worth $1,400,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of COKE. State Street Corp raised its holdings in Coca-Cola Consolidated by 836.9% in the 2nd quarter. State Street Corp now owns 1,729,065 shares of the company’s stock valued at $193,050,000 after acquiring an additional 1,544,516 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Coca-Cola Consolidated by 1,270.8% during the 2nd quarter. AQR Capital Management LLC now owns 1,185,937 shares of the company’s stock worth $131,906,000 after purchasing an additional 1,099,421 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Coca-Cola Consolidated by 119.3% during the 3rd quarter. First Trust Advisors LP now owns 1,433,570 shares of the company’s stock worth $167,957,000 after purchasing an additional 779,915 shares during the last quarter. Invesco Ltd. grew its position in shares of Coca-Cola Consolidated by 391.7% in the second quarter. Invesco Ltd. now owns 550,492 shares of the company’s stock valued at $61,462,000 after purchasing an additional 438,534 shares in the last quarter. Finally, Raymond James Financial Inc. grew its position in shares of Coca-Cola Consolidated by 1,084.4% in the second quarter. Raymond James Financial Inc. now owns 345,059 shares of the company’s stock valued at $38,526,000 after purchasing an additional 315,925 shares in the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Friday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Coca-Cola Consolidated Trading Up 3.2%

Shares of COKE stock opened at $191.74 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 0.97 and a debt-to-equity ratio of 0.88. Coca-Cola Consolidated, Inc. has a twelve month low of $105.21 and a twelve month high of $219.65. The company’s 50-day moving average price is $180.87 and its 200-day moving average price is $156.76. The stock has a market cap of $12.76 billion, a price-to-earnings ratio of 28.13 and a beta of 0.60.

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

Coca-Cola Consolidated Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 6th. Stockholders of record on Friday, January 23rd were issued 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 (DPR) is currently 14.66%.

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.