Strs Ohio Invests $1.91 Million in Coca-Cola Consolidated, Inc. $COKE

Strs Ohio purchased a new position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,413 shares of the company’s stock, valued at approximately $1,908,000.

Other hedge funds have also bought and sold shares of the company. Linden Thomas Advisory Services LLC increased its stake in Coca-Cola Consolidated by 3.5% in the first quarter. Linden Thomas Advisory Services LLC now owns 265 shares of the company’s stock valued at $358,000 after purchasing an additional 9 shares in the last quarter. Sunbelt Securities Inc. increased its position in shares of Coca-Cola Consolidated by 10.8% during the fourth quarter. Sunbelt Securities Inc. now owns 103 shares of the company’s stock worth $128,000 after acquiring an additional 10 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in Coca-Cola Consolidated by 0.3% during the first quarter. State of Alaska Department of Revenue now owns 3,973 shares of the company’s stock worth $5,363,000 after purchasing an additional 10 shares during the last quarter. HBK Sorce Advisory LLC boosted its holdings in Coca-Cola Consolidated by 2.9% during the first quarter. HBK Sorce Advisory LLC now owns 357 shares of the company’s stock worth $481,000 after purchasing an additional 10 shares during the last quarter. Finally, Monument Capital Management boosted its holdings in Coca-Cola Consolidated by 0.3% during the first quarter. Monument Capital Management now owns 3,955 shares of the company’s stock worth $5,339,000 after purchasing an additional 10 shares during the last quarter. Institutional investors own 48.24% of the company’s stock.

Analysts Set New Price Targets

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

Coca-Cola Consolidated Price Performance

Shares of NASDAQ:COKE opened at $117.80 on Wednesday. Coca-Cola Consolidated, Inc. has a one year low of $105.21 and a one year high of $146.09. The firm has a market capitalization of $10.24 billion, a price-to-earnings ratio of 17.58 and a beta of 0.76. The company’s fifty day moving average price is $116.06 and its 200-day moving average price is $127.88. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.78.

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

Coca-Cola Consolidated Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 8th. Shareholders 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 yield of 0.8%. Coca-Cola Consolidated’s dividend payout ratio is presently 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.