Coca-Cola Consolidated, Inc. $COKE Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp boosted its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 633.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 455 shares of the company’s stock after purchasing an additional 393 shares during the quarter. Fifth Third Bancorp’s holdings in Coca-Cola Consolidated were worth $51,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Linden Thomas Advisory Services LLC increased its position 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 purchasing an additional 9 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Coca-Cola Consolidated by 0.3% during the first quarter. State of Alaska Department of Revenue now owns 3,973 shares of the company’s stock worth $5,363,000 after acquiring an additional 10 shares during the last quarter. HBK Sorce Advisory LLC increased its position in shares of Coca-Cola Consolidated by 2.9% in the first quarter. HBK Sorce Advisory LLC now owns 357 shares of the company’s stock worth $481,000 after acquiring an additional 10 shares in the last quarter. Monument Capital Management increased its position in shares of Coca-Cola Consolidated by 0.3% in the first quarter. Monument Capital Management now owns 3,955 shares of the company’s stock worth $5,339,000 after acquiring an additional 10 shares in the last quarter. Finally, CW Advisors LLC increased its position in shares of Coca-Cola Consolidated by 5.4% in the first quarter. CW Advisors LLC now owns 194 shares of the company’s stock worth $262,000 after acquiring an additional 10 shares in the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

Coca-Cola Consolidated Price Performance

COKE stock opened at $119.30 on Friday. The stock has a 50-day simple moving average of $116.66 and a 200-day simple moving average of $126.53. The firm has a market cap of $10.37 billion, a P/E ratio of 17.80 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.

Coca-Cola Consolidated (NASDAQ:COKE) last released its quarterly earnings results 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 business had revenue of $1.86 billion during 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 paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, July 25th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is 14.93%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised 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.