Old North State Wealth Management LLC Purchases 1,783 Shares of Coca-Cola Consolidated, Inc. $COKE

Old North State Wealth Management LLC grew its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 905.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,980 shares of the company’s stock after buying an additional 1,783 shares during the period. Old North State Wealth Management LLC’s holdings in Coca-Cola Consolidated were worth $221,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in COKE. ProShare Advisors LLC raised its stake in Coca-Cola Consolidated by 7.4% in the 4th quarter. ProShare Advisors LLC now owns 276 shares of the company’s stock valued at $348,000 after acquiring an additional 19 shares during the period. Two Sigma Advisers LP purchased a new position in shares of Coca-Cola Consolidated in the fourth quarter worth about $378,000. Squarepoint Ops LLC purchased a new position in shares of Coca-Cola Consolidated in the fourth quarter worth about $1,046,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Coca-Cola Consolidated by 9.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,866 shares of the company’s stock valued at $19,991,000 after purchasing an additional 1,365 shares during the period. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of Coca-Cola Consolidated during the 4th quarter valued at approximately $809,000. Institutional investors own 48.24% of the company’s stock.

Analyst Upgrades and Downgrades

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.

Coca-Cola Consolidated Trading Down 0.4%

Shares of COKE opened at $113.93 on Friday. Coca-Cola Consolidated, Inc. has a twelve month low of $105.21 and a twelve month high of $146.09. The stock has a market cap of $9.90 billion, a PE ratio of 17.00 and a beta of 0.76. The company has a quick ratio of 1.78, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. The business’s 50-day moving average price is $116.34 and its 200-day moving average price is $127.02.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its quarterly earnings data on Thursday, July 24th. The company reported $2.24 EPS for the quarter. The company 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 company also recently declared 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Friday, July 25th. Coca-Cola Consolidated’s payout ratio is 14.93%.

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.