Wealth Enhancement Advisory Services LLC Purchases 14,574 Shares of Coca-Cola Consolidated, Inc. $COKE

Wealth Enhancement Advisory Services LLC grew its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 879.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,232 shares of the company’s stock after purchasing an additional 14,574 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Coca-Cola Consolidated were worth $1,911,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Wayfinding Financial LLC bought a new stake in shares of Coca-Cola Consolidated in the 1st quarter valued at $46,000. Semmax Financial Advisors Inc. acquired a new position in shares of Coca-Cola Consolidated during the 1st quarter valued at $50,000. Allworth Financial LP lifted its position in shares of Coca-Cola Consolidated by 58.3% during the 1st quarter. Allworth Financial LP now owns 57 shares of the company’s stock valued at $79,000 after acquiring an additional 21 shares during the period. Fifth Third Bancorp lifted its position in shares of Coca-Cola Consolidated by 40.9% during 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 period. Finally, Spire Wealth Management lifted its position 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 during the period. 48.24% of the stock is owned by institutional investors.

Coca-Cola Consolidated Stock Performance

COKE opened at $115.39 on Monday. 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 company’s fifty day moving average price is $116.38 and its two-hundred day moving average price is $126.84. Coca-Cola Consolidated, Inc. has a 1-year low of $105.21 and a 1-year high of $146.09. The company has a market cap of $10.03 billion, a price-to-earnings ratio of 17.22 and a beta of 0.76.

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

Coca-Cola Consolidated Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Friday, July 25th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, July 25th. This represents a $1.00 annualized dividend and a yield of 0.9%. Coca-Cola Consolidated’s dividend payout ratio is presently 14.93%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Coca-Cola Consolidated from a “hold” rating to a “buy” rating in a research 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.