Coca-Cola Consolidated, Inc. $COKE Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC increased its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 668.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,037 shares of the company’s stock after acquiring an additional 902 shares during the quarter. GAMMA Investing LLC’s holdings in Coca-Cola Consolidated were worth $116,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Linden Thomas Advisory Services LLC raised its stake in Coca-Cola Consolidated by 3.5% during the first quarter. Linden Thomas Advisory Services LLC now owns 265 shares of the company’s stock worth $358,000 after acquiring an additional 9 shares during the period. State of Alaska Department of Revenue grew its position in Coca-Cola Consolidated by 0.3% in the 1st 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 grew its position in Coca-Cola Consolidated by 2.9% in the 1st 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. Monument Capital Management grew its position in Coca-Cola Consolidated by 0.3% in the 1st 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. Finally, CW Advisors LLC grew its position in Coca-Cola Consolidated by 5.4% in the 1st quarter. CW Advisors LLC now owns 194 shares of the company’s stock worth $262,000 after purchasing an additional 10 shares during the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

Coca-Cola Consolidated Trading Up 1.5%

Shares of NASDAQ:COKE opened at $118.97 on Thursday. The stock has a market capitalization of $10.34 billion, a price-to-earnings ratio of 17.75 and a beta of 0.70. Coca-Cola Consolidated, Inc. has a 1-year low of $105.21 and a 1-year high of $146.09. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.78 and a current ratio of 2.04. The company has a 50 day moving average price of $116.51 and a 200 day moving average price of $126.61.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its earnings results on Thursday, July 24th. The company reported $2.24 earnings per share for the quarter. The firm 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 announced a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Friday, July 25th were paid a $0.25 dividend. The ex-dividend date was Friday, July 25th. This represents a $1.00 dividend on an annualized basis and a yield of 0.8%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is presently 14.93%.

Wall Street Analyst Weigh In

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.

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.