Everence Capital Management Inc. Buys Shares of 780 Coca-Cola Consolidated Inc (COKE)
Everence Capital Management Inc. bought a new stake in shares of Coca-Cola Consolidated Inc (NASDAQ:COKE) during the first quarter, HoldingsChannel reports. The institutional investor bought 780 shares of the company’s stock, valued at approximately $225,000.
A number of other institutional investors have also added to or reduced their stakes in COKE. Creative Planning raised its position in shares of Coca-Cola Consolidated by 2.0% in the 1st quarter. Creative Planning now owns 1,650 shares of the company’s stock valued at $475,000 after acquiring an additional 33 shares during the period. Vanguard Group Inc. raised its position in shares of Coca-Cola Consolidated by 6.6% in the 3rd quarter. Vanguard Group Inc. now owns 469,733 shares of the company’s stock valued at $85,623,000 after acquiring an additional 29,147 shares during the period. Geode Capital Management LLC raised its position in shares of Coca-Cola Consolidated by 13.5% in the 4th quarter. Geode Capital Management LLC now owns 59,721 shares of the company’s stock valued at $10,593,000 after acquiring an additional 7,088 shares during the period. Bank of America Corp DE raised its position in shares of Coca-Cola Consolidated by 5.4% in the 4th quarter. Bank of America Corp DE now owns 16,288 shares of the company’s stock valued at $2,889,000 after acquiring an additional 841 shares during the period. Finally, Investors Research Corp acquired a new stake in shares of Coca-Cola Consolidated in the 1st quarter valued at approximately $40,000. Institutional investors own 39.15% of the company’s stock.
Shares of NASDAQ:COKE opened at $313.89 on Tuesday. The company has a market capitalization of $2.92 billion, a P/E ratio of 50.25 and a beta of 0.80. The company has a debt-to-equity ratio of 2.73, a quick ratio of 1.05 and a current ratio of 1.45. Coca-Cola Consolidated Inc has a fifty-two week low of $125.08 and a fifty-two week high of $413.39.
The business also recently announced a quarterly dividend, which was paid on Friday, May 10th. Shareholders of record on Friday, April 26th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, April 25th. This represents a $1.00 annualized dividend and a yield of 0.32%.
COKE has been the topic of a number of analyst reports. TheStreet downgraded shares of Coca-Cola Consolidated from a “b” rating to a “c+” rating in a research report on Wednesday, February 27th. ValuEngine upgraded shares of Coca-Cola Consolidated from a “hold” rating to a “buy” rating in a research report on Tuesday, March 5th. Finally, BidaskClub upgraded shares of Coca-Cola Consolidated from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 12th.
In other Coca-Cola Consolidated news, Director John W. Murrey III sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $379.60, for a total transaction of $379,600.00. Following the sale, the director now directly owns 500 shares in the company, valued at approximately $189,800. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.01% of the company’s stock.
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Coca-Cola Consolidated Company Profile
Coca-Cola Consolidated, Inc, together with its subsidiaries, produces, markets, and distributes nonalcoholic beverages, primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages, including carbonated beverages; and still beverages, such as energy products, as well as noncarbonated beverages comprising bottled water, tea, ready to drink coffee, enhanced water, juices, and sports drinks.
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