Raymond James Financial Services Advisors Inc. Acquires 222 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Raymond James Financial Services Advisors Inc. lifted its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 29.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 967 shares of the company’s stock after acquiring an additional 222 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Coca-Cola Consolidated were worth $898,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. First Command Advisory Services Inc. bought a new position in shares of Coca-Cola Consolidated in the 3rd quarter valued at about $38,000. Fifth Third Bancorp lifted its stake in Coca-Cola Consolidated by 163.0% in the third quarter. Fifth Third Bancorp now owns 71 shares of the company’s stock worth $45,000 after purchasing an additional 44 shares during the last quarter. Sunbelt Securities Inc. lifted its stake in Coca-Cola Consolidated by 100.0% in the third quarter. Sunbelt Securities Inc. now owns 74 shares of the company’s stock worth $47,000 after purchasing an additional 37 shares during the last quarter. Macquarie Group Ltd. lifted its stake in Coca-Cola Consolidated by 34.3% in the fourth quarter. Macquarie Group Ltd. now owns 90 shares of the company’s stock worth $46,000 after purchasing an additional 23 shares during the last quarter. Finally, Covestor Ltd lifted 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 last quarter. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Down 0.5 %

Shares of NASDAQ COKE opened at $812.63 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.56 and a quick ratio of 1.27. The company has a market cap of $7.61 billion, a P/E ratio of 18.69 and a beta of 0.74. Coca-Cola Consolidated, Inc. has a 1 year low of $529.68 and a 1 year high of $961.91. The firm has a 50-day simple moving average of $839.41 and a two-hundred day simple moving average of $796.11.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $13.39 earnings per share (EPS) for the quarter. The business had revenue of $1.63 billion during the quarter. Coca-Cola Consolidated had a net margin of 6.14% and a return on equity of 44.12%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Coca-Cola Consolidated from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 23rd.

Coca-Cola Consolidated Profile

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; 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.