LPL Financial LLC Purchases 197 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

LPL Financial LLC boosted its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 3.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,324 shares of the company’s stock after buying an additional 197 shares during the period. LPL Financial LLC owned approximately 0.06% of Coca-Cola Consolidated worth $7,187,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Spectrum Wealth Counsel LLC acquired a new position in shares of Coca-Cola Consolidated in the 1st quarter valued at about $1,852,000. Assetmark Inc. grew its stake in Coca-Cola Consolidated by 2.0% during the first quarter. Assetmark Inc. now owns 1,845 shares of the company’s stock worth $2,491,000 after purchasing an additional 36 shares during the period. Cetera Investment Advisers increased its holdings in Coca-Cola Consolidated by 1.6% in the first quarter. Cetera Investment Advisers now owns 1,806 shares of the company’s stock worth $2,439,000 after purchasing an additional 28 shares in the last quarter. Avantax Advisory Services Inc. increased its holdings in Coca-Cola Consolidated by 18.5% in the first quarter. Avantax Advisory Services Inc. now owns 237 shares of the company’s stock worth $319,000 after purchasing an additional 37 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Coca-Cola Consolidated in the first quarter valued at approximately $1,824,000. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Trading Down 0.1%

NASDAQ:COKE opened at $114.11 on Monday. Coca-Cola Consolidated, Inc. has a 12 month low of $105.21 and a 12 month high of $146.09. The company has a current ratio of 2.04, a quick ratio of 1.78 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $9.92 billion, a price-to-earnings ratio of 17.03 and a beta of 0.81. The firm has a fifty day simple moving average of $111.93 and a two-hundred day simple moving average of $131.66.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its earnings results on Thursday, July 24th. The company reported $2.24 EPS for the quarter. Coca-Cola Consolidated had a return on equity of 44.91% and a net margin of 8.43%. The company had revenue of $1.86 billion during the quarter.

Coca-Cola Consolidated Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Friday, July 25th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, July 25th. This represents a $1.00 annualized dividend and a dividend yield of 0.9%. Coca-Cola Consolidated’s payout ratio is currently 14.93%.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Coca-Cola Consolidated from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th.

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.