UMB Bank n.a. Has $74,000 Stock Position in Coca-Cola Consolidated, Inc. $COKE

UMB Bank n.a. grew its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 658.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 660 shares of the company’s stock after buying an additional 573 shares during the quarter. UMB Bank n.a.’s holdings in Coca-Cola Consolidated were worth $74,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Diversified Trust Co boosted its holdings in shares of Coca-Cola Consolidated by 900.0% during the 2nd quarter. Diversified Trust Co now owns 1,462,487 shares of the company’s stock valued at $163,287,000 after acquiring an additional 1,316,233 shares in the last quarter. Jones Financial Companies Lllp raised its position in Coca-Cola Consolidated by 265,541.3% in the first quarter. Jones Financial Companies Lllp now owns 502,062 shares of the company’s stock valued at $677,784,000 after purchasing an additional 501,873 shares during the last quarter. Boston Partners boosted its stake in shares of Coca-Cola Consolidated by 676.9% during the first quarter. Boston Partners now owns 200,518 shares of the company’s stock valued at $270,711,000 after purchasing an additional 174,709 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Coca-Cola Consolidated by 175,140.4% during the first quarter. GAMMA Investing LLC now owns 182,250 shares of the company’s stock valued at $246,038,000 after purchasing an additional 182,146 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Coca-Cola Consolidated by 16.2% during the first quarter. AQR Capital Management LLC now owns 86,516 shares of the company’s stock worth $114,206,000 after purchasing an additional 12,066 shares during the last quarter. 48.24% of the stock is currently owned by institutional investors.

Coca-Cola Consolidated Trading Down 0.4%

NASDAQ COKE opened at $113.93 on Friday. The firm has a market capitalization of $9.90 billion, a PE ratio of 17.00 and a beta of 0.76. The business’s 50-day moving average price is $116.34 and its two-hundred day moving average price is $127.02. The company has a current ratio of 2.04, a quick ratio of 1.78 and a debt-to-equity ratio of 0.88. 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 posted its quarterly earnings data 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 for the quarter.

Coca-Cola Consolidated Dividend Announcement

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

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 report on Saturday, July 26th.

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.