OMC Financial Services LTD Takes Position in Coca-Cola Consolidated, Inc. $COKE

OMC Financial Services LTD bought a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the 2nd quarter, Holdings Channel reports. The firm bought 10,979 shares of the company’s stock, valued at approximately $892,000.

A number of other large investors have also bought and sold shares of the business. Ascentis Independent Advisors acquired a new stake in Coca-Cola Consolidated during the 1st quarter valued at $31,000. Torren Management LLC bought a new position in Coca-Cola Consolidated in the 4th quarter valued at $29,000. Morse Asset Management Inc acquired a new position in Coca-Cola Consolidated in the fourth quarter worth $31,000. Ballast Advisors LLC acquired a new position in Coca-Cola Consolidated in the first quarter worth $38,000. Finally, Quarry LP bought a new stake in shares of Coca-Cola Consolidated during the third quarter worth $25,000. 48.24% of the stock is currently owned by institutional investors.

Coca-Cola Consolidated Stock Performance

NASDAQ:COKE opened at $189.11 on Monday. Coca-Cola Consolidated, Inc. has a 1-year low of $110.60 and a 1-year high of $219.65. The firm has a market capitalization of $12.59 billion, a price-to-earnings ratio of 25.08 and a beta of 0.55. The business’s 50-day moving average price is $184.81 and its two-hundred day moving average price is $184.70.

Coca-Cola Consolidated (NASDAQ:COKE) last posted its earnings results on Wednesday, August 5th. The company reported $2.83 earnings per share (EPS) for the quarter. The company had revenue of $2.05 billion during the quarter. Coca-Cola Consolidated had a negative return on equity of 1,041.59% and a net margin of 7.15%.

Coca-Cola Consolidated Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Friday, July 24th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, July 24th. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. Coca-Cola Consolidated’s payout ratio is currently 13.26%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on COKE shares. Wall Street Zen lowered Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently 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.