Assetmark Inc. Buys 15,958 Shares of Coca-Cola Consolidated, Inc. $COKE

Assetmark Inc. increased its stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 864.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 17,803 shares of the company’s stock after acquiring an additional 15,958 shares during the period. Assetmark Inc.’s holdings in Coca-Cola Consolidated were worth $1,988,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. OLD Point Trust & Financial Services N A raised its position in Coca-Cola Consolidated by 900.0% in the 2nd quarter. OLD Point Trust & Financial Services N A now owns 280 shares of the company’s stock worth $31,000 after purchasing an additional 252 shares during the last quarter. Harbour Investments Inc. raised its position in Coca-Cola Consolidated by 1,071.4% in the 2nd quarter. Harbour Investments Inc. now owns 328 shares of the company’s stock worth $37,000 after purchasing an additional 300 shares during the last quarter. Beacon Capital Management LLC raised its position in Coca-Cola Consolidated by 905.0% in the 2nd quarter. Beacon Capital Management LLC now owns 402 shares of the company’s stock worth $45,000 after purchasing an additional 362 shares during the last quarter. Sound Income Strategies LLC raised its position in Coca-Cola Consolidated by 905.0% in the 2nd quarter. Sound Income Strategies LLC now owns 402 shares of the company’s stock worth $45,000 after purchasing an additional 362 shares during the last quarter. Finally, Wayfinding Financial LLC bought a new position in Coca-Cola Consolidated in the 1st quarter worth approximately $46,000. Institutional investors own 48.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Wall Street Zen raised shares of Coca-Cola Consolidated from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Weiss Ratings raised shares of Coca-Cola Consolidated from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy”.

Coca-Cola Consolidated Price Performance

Shares of COKE stock opened at $133.59 on Wednesday. Coca-Cola Consolidated, Inc. has a 12-month low of $105.21 and a 12-month high of $146.09. The firm has a market capitalization of $11.61 billion, a price-to-earnings ratio of 19.02 and a beta of 0.70. The company has a quick ratio of 1.78, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. The firm has a fifty day moving average of $122.25 and a 200-day moving average of $125.15.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $2.06 earnings per share (EPS) for the quarter. Coca-Cola Consolidated had a net margin of 8.66% and a return on equity of 44.03%. The company had revenue of $1.89 billion during the quarter.

Coca-Cola Consolidated Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, October 24th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 24th. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. Coca-Cola Consolidated’s payout ratio is 14.25%.

About Coca-Cola Consolidated

Coca-Cola Consolidated, Inc, together with its subsidiaries, manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages; and still beverages, including energy products, as well as noncarbonated beverages comprising bottled water, ready to drink coffee and tea, enhanced water, juices, and sports drinks.