Fiduciary Financial Advisors Purchases New Shares in Coca-Cola Consolidated, Inc. $COKE

Fiduciary Financial Advisors acquired a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 7,642 shares of the company’s stock, valued at approximately $621,000.

A number of other large investors also recently made changes to their positions in COKE. Ascentis Independent Advisors purchased a new position in Coca-Cola Consolidated during the first quarter worth about $31,000. Torren Management LLC purchased a new position in Coca-Cola Consolidated in the fourth quarter worth $29,000. Morse Asset Management Inc purchased a new position in Coca-Cola Consolidated in the fourth quarter worth $31,000. Ballast Advisors LLC bought a new position in Coca-Cola Consolidated in the 1st quarter valued at $38,000. Finally, Quarry LP bought a new position in Coca-Cola Consolidated in the 3rd quarter valued at $25,000. 48.24% of the stock is owned by institutional investors.

Coca-Cola Consolidated Trading Up 1.9%

Shares of NASDAQ COKE opened at $192.60 on Tuesday. The stock has a fifty day simple moving average of $185.14 and a two-hundred day simple moving average of $186.25. 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 cap of $12.82 billion, a price-to-earnings ratio of 25.54 and a beta of 0.55.

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

Coca-Cola Consolidated Announces Dividend

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

Wall Street Analyst Weigh In

COKE has been the topic of a number of recent analyst reports. Wall Street Zen cut Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings restated 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, Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

About Coca-Cola Consolidated

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.