Intech Investment Management LLC Acquires 1,199 Shares of Coca-Cola Consolidated, Inc. $COKE

Intech Investment Management LLC boosted its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 80.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,688 shares of the company’s stock after buying an additional 1,199 shares during the quarter. Intech Investment Management LLC’s holdings in Coca-Cola Consolidated were worth $3,629,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Wayfinding Financial LLC acquired a new stake in shares of Coca-Cola Consolidated in the 1st quarter valued at approximately $46,000. Semmax Financial Advisors Inc. acquired a new stake in Coca-Cola Consolidated in the first quarter valued at approximately $50,000. Allworth Financial LP increased its holdings in shares of Coca-Cola Consolidated by 58.3% during the first quarter. Allworth Financial LP now owns 57 shares of the company’s stock worth $79,000 after buying an additional 21 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of Coca-Cola Consolidated by 40.9% in the 1st quarter. Fifth Third Bancorp now owns 62 shares of the company’s stock valued at $84,000 after acquiring an additional 18 shares during the last quarter. Finally, Spire Wealth Management boosted its holdings in shares of Coca-Cola Consolidated by 115.6% during the 1st quarter. Spire Wealth Management now owns 69 shares of the company’s stock valued at $92,000 after acquiring an additional 37 shares in the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

Analyst Upgrades and Downgrades

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

Coca-Cola Consolidated Stock Down 1.7%

Shares of NASDAQ COKE opened at $121.98 on Friday. The company’s 50 day moving average price is $115.87 and its 200-day moving average price is $128.17. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.78 and a current ratio of 2.04. Coca-Cola Consolidated, Inc. has a 52-week low of $105.21 and a 52-week high of $146.09. The company has a market capitalization of $10.60 billion, a P/E ratio of 18.20 and a beta of 0.76.

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

Coca-Cola Consolidated Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Friday, July 25th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, July 25th. This represents a $1.00 annualized dividend and a dividend yield of 0.8%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is 14.93%.

Coca-Cola Consolidated Company 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.