FSA Advisors Inc. Makes New $324,000 Investment in Coca-Cola Consolidated, Inc. $COKE

FSA Advisors Inc. bought a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 3,982 shares of the company’s stock, valued at approximately $324,000.

A number of other large investors also recently made changes to their positions in COKE. Public Employees Retirement System of Ohio bought a new position in shares of Coca-Cola Consolidated in the 2nd quarter worth $3,195,000. Redwood Investment Management LLC bought a new stake in Coca-Cola Consolidated in the second quarter valued at about $1,156,000. Corient Private Wealth LP bought a new stake in Coca-Cola Consolidated in the second quarter valued at about $245,665,000. Magnolia Capital Advisors LLC acquired a new position in Coca-Cola Consolidated in the second quarter valued at about $748,000. Finally, Windsor Advisory Group LLC acquired a new position in Coca-Cola Consolidated in the second quarter valued at about $277,000. Institutional investors and hedge funds own 48.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on COKE. Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Wednesday, June 24th. Wall Street Zen downgraded shares of Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy”.

Coca-Cola Consolidated Stock Up 0.3%

Shares of NASDAQ COKE opened at $194.60 on Friday. Coca-Cola Consolidated, Inc. has a twelve month low of $110.60 and a twelve month high of $219.65. The stock has a market cap of $12.95 billion, a price-to-earnings ratio of 25.81 and a beta of 0.55. The company’s fifty day moving average is $185.82 and its 200-day moving average is $187.11.

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

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 paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Friday, July 24th. Coca-Cola Consolidated’s payout ratio is presently 13.26%.

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.