Natixis Advisors LLC Has $20.88 Million Stake in Coca-Cola Consolidated, Inc. $COKE

Natixis Advisors LLC lifted its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 27.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 136,224 shares of the company’s stock after acquiring an additional 29,118 shares during the period. Natixis Advisors LLC owned approximately 0.16% of Coca-Cola Consolidated worth $20,883,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in COKE. Quarry LP bought a new position in shares of Coca-Cola Consolidated during the 3rd quarter worth about $25,000. Advisory Services Network LLC bought a new position in shares of Coca-Cola Consolidated during the 3rd quarter worth about $25,000. Newbridge Financial Services Group Inc. lifted its holdings in shares of Coca-Cola Consolidated by 900.0% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 230 shares of the company’s stock worth $26,000 after acquiring an additional 207 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Coca-Cola Consolidated by 175.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 220 shares of the company’s stock worth $26,000 after acquiring an additional 140 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Coca-Cola Consolidated by 900.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 250 shares of the company’s stock worth $28,000 after acquiring an additional 225 shares during the period. 48.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Consolidated in a report on Friday, March 27th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy”.

Coca-Cola Consolidated Trading Up 5.7%

Shares of COKE stock opened at $179.91 on Friday. Coca-Cola Consolidated, Inc. has a 12-month low of $105.44 and a 12-month high of $219.65. The company has a market capitalization of $11.97 billion, a P/E ratio of 24.61 and a beta of 0.55. The firm has a 50-day moving average price of $185.72 and a 200 day moving average price of $175.29. The company has a quick ratio of 0.91, a current ratio of 1.23 and a debt-to-equity ratio of 0.88.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.79 earnings per share (EPS) for the quarter. Coca-Cola Consolidated had a net margin of 7.72% and a return on equity of 138.44%. The firm had revenue of $1.71 billion during the quarter.

Coca-Cola Consolidated Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 24th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, April 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. Coca-Cola Consolidated’s payout ratio is currently 13.68%.

Coca-Cola Consolidated Profile

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.