Coca-Cola Consolidated, Inc. $COKE Shares Purchased by Signal Advisors Wealth LLC

Signal Advisors Wealth LLC boosted its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 869.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,337 shares of the company’s stock after acquiring an additional 2,096 shares during the quarter. Signal Advisors Wealth LLC’s holdings in Coca-Cola Consolidated were worth $261,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Davis Investment Partners LLC raised its holdings in Coca-Cola Consolidated by 980.0% in the second quarter. Davis Investment Partners LLC now owns 5,400 shares of the company’s stock valued at $624,000 after acquiring an additional 4,900 shares in the last quarter. Gallacher Capital Management LLC acquired a new stake in Coca-Cola Consolidated in the second quarter valued at approximately $252,000. Parallel Advisors LLC raised its holdings in Coca-Cola Consolidated by 819.7% in the second quarter. Parallel Advisors LLC now owns 653 shares of the company’s stock valued at $73,000 after acquiring an additional 582 shares in the last quarter. Investors Research Corp raised its holdings in Coca-Cola Consolidated by 900.0% in the second quarter. Investors Research Corp now owns 650 shares of the company’s stock valued at $73,000 after acquiring an additional 585 shares in the last quarter. Finally, Voya Investment Management LLC raised its holdings in Coca-Cola Consolidated by 28.4% in the first quarter. Voya Investment Management LLC now owns 7,228 shares of the company’s stock valued at $9,758,000 after acquiring an additional 1,598 shares in the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Performance

Shares of COKE opened at $113.22 on Friday. 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 firm has a market cap of $9.84 billion, a PE ratio of 16.89 and a beta of 0.76. The company’s 50 day simple moving average is $116.11 and its 200-day simple moving average is $127.42. Coca-Cola Consolidated, Inc. has a 12-month low of $105.21 and a 12-month high of $146.09.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its earnings results on Thursday, July 24th. The company reported $2.24 earnings per share (EPS) for the quarter. The business had revenue of $1.86 billion for 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 company also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Friday, July 25th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, July 25th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is 14.93%.

Wall Street Analyst Weigh In

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

About Coca-Cola Consolidated

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.