AE Wealth Management LLC Purchases New Shares in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

AE Wealth Management LLC purchased a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKEGet Rating) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 371 shares of the company’s stock, valued at approximately $209,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. First Horizon Advisors Inc. purchased a new stake in Coca-Cola Consolidated in the second quarter worth $51,000. Covestor Ltd increased its stake in Coca-Cola Consolidated by 5,600.0% in the first quarter. Covestor Ltd now owns 114 shares of the company’s stock worth $57,000 after purchasing an additional 112 shares during the period. Geneos Wealth Management Inc. increased its stake in Coca-Cola Consolidated by 69.3% in the first quarter. Geneos Wealth Management Inc. now owns 127 shares of the company’s stock worth $63,000 after purchasing an additional 52 shares during the period. Gladius Capital Management LP purchased a new stake in Coca-Cola Consolidated in the first quarter worth $65,000. Finally, Prospera Financial Services Inc purchased a new stake in Coca-Cola Consolidated in the first quarter worth $70,000. Hedge funds and other institutional investors own 38.11% of the company’s stock.

Coca-Cola Consolidated Stock Performance

COKE stock opened at $464.34 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.40 and a quick ratio of 1.05. The business has a 50-day moving average price of $448.78 and a 200 day moving average price of $499.28. The company has a market capitalization of $4.35 billion, a P/E ratio of 13.18 and a beta of 0.98. Coca-Cola Consolidated, Inc. has a 1-year low of $405.03 and a 1-year high of $656.11.

Coca-Cola Consolidated Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 10th. Investors of record on Thursday, October 27th will be issued a $0.25 dividend. The ex-dividend date is Wednesday, October 26th. This represents a $1.00 annualized dividend and a dividend yield of 0.22%. Coca-Cola Consolidated’s payout ratio is currently 2.84%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Coca-Cola Consolidated in a research note on Wednesday, October 12th. They issued a “strong-buy” rating on the stock.

Coca-Cola Consolidated Company Profile

(Get Rating)

Coca-Cola Consolidated, Inc, together with its subsidiaries, manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages, such as carbonated beverages; and still beverages, including energy products, as well as noncarbonated beverages comprising bottled water, ready to drink coffee and tea, enhanced water, juices, and sports drinks.

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

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