HS Management Partners LLC Takes Position in Coca-Cola Consolidated, Inc. $COKE

HS Management Partners LLC bought a new position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 162,277 shares of the company’s stock, valued at approximately $13,188,000. Coca-Cola Consolidated comprises approximately 4.5% of HS Management Partners LLC’s portfolio, making the stock its 12th biggest holding.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. grew its stake in Coca-Cola Consolidated by 6.4% during the 4th quarter. Vanguard Group Inc. now owns 5,686,058 shares of the company’s stock valued at $871,673,000 after purchasing an additional 341,374 shares in the last quarter. Horizon Investments LLC raised its position in shares of Coca-Cola Consolidated by 1,655,666.7% in the 4th quarter. Horizon Investments LLC now owns 49,673 shares of the company’s stock valued at $7,602,000 after purchasing an additional 49,670 shares in the last quarter. Vest Financial LLC raised its position in shares of Coca-Cola Consolidated by 60.8% in the 4th quarter. Vest Financial LLC now owns 232,597 shares of the company’s stock valued at $35,657,000 after purchasing an additional 87,912 shares in the last quarter. James Investment Research Inc. boosted its stake in shares of Coca-Cola Consolidated by 62.2% during the 4th quarter. James Investment Research Inc. now owns 22,412 shares of the company’s stock valued at $3,436,000 after buying an additional 8,593 shares during the last quarter. Finally, Argyle Capital Partners LLC purchased a new position in shares of Coca-Cola Consolidated during the 2nd quarter valued at approximately $479,000. Institutional investors and hedge funds own 48.24% of the company’s stock.

Analyst Ratings Changes

COKE has been the subject of a number of recent analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Wednesday, June 24th. Wall Street Zen cut shares of Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Coca-Cola Consolidated Trading Up 1.3%

Shares of Coca-Cola Consolidated stock opened at $188.64 on Wednesday. The business’s 50 day simple moving average is $185.03 and its 200-day simple moving average is $185.23. The stock has a market capitalization of $12.56 billion, a price-to-earnings ratio of 25.02 and a beta of 0.55. Coca-Cola Consolidated, Inc. has a twelve month low of $110.60 and a twelve month high of $219.65.

Coca-Cola Consolidated (NASDAQ:COKE) last released its quarterly earnings data 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 business had revenue of $2.05 billion during the quarter.

Coca-Cola Consolidated Dividend Announcement

The business 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 was Friday, July 24th. Coca-Cola Consolidated’s dividend payout ratio (DPR) 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.