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.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.83) by $1.19. The business had revenue of $1.10 billion for the quarter. Coca-Cola Consolidated had a negative net margin of 0.27% and a positive return on equity of 12.79%.

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.

WARNING: This article was published by Watch List News and is the property of of Watch List News. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States & international copyright legislation. The original version of this article can be read at https://www.watchlistnews.com/everence-capital-management-inc-buys-shares-of-780-coca-cola-consolidated-inc-coke/3017376.html.

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.

See Also: What are earnings reports?

Want to see what other hedge funds are holding COKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coca-Cola Consolidated Inc (NASDAQ:COKE).

Institutional Ownership by Quarter for Coca-Cola Consolidated (NASDAQ:COKE)

Receive News & Ratings for Coca-Cola Consolidated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola Consolidated and related companies with MarketBeat.com's FREE daily email newsletter.