Kintegral Advisory LLC Buys Shares of 184,945 Coca-Cola Consolidated, Inc. $COKE

Kintegral Advisory LLC bought a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 184,945 shares of the company’s stock, valued at approximately $20,649,000. Coca-Cola Consolidated accounts for 1.9% of Kintegral Advisory LLC’s portfolio, making the stock its 6th largest holding. Kintegral Advisory LLC owned approximately 0.21% of Coca-Cola Consolidated as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of COKE. Diversified Trust Co lifted its stake in 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 during the period. Jones Financial Companies Lllp increased its position in shares of Coca-Cola Consolidated by 265,541.3% during the 1st 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. Truist Financial Corp increased its position in shares of Coca-Cola Consolidated by 902.4% during the 2nd quarter. Truist Financial Corp now owns 289,493 shares of the company’s stock valued at $32,322,000 after purchasing an additional 260,612 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Coca-Cola Consolidated by 548.0% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 226,905 shares of the company’s stock valued at $25,334,000 after purchasing an additional 191,887 shares during the last quarter. Finally, Boston Partners increased its position in shares of Coca-Cola Consolidated by 676.9% during the 1st 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 during the last quarter. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Up 1.0%

Shares of COKE opened at $124.48 on Monday. The company has a market cap of $10.82 billion, a PE ratio of 18.57 and a beta of 0.70. The business has a fifty day moving average of $117.42 and a 200 day moving average of $126.07. Coca-Cola Consolidated, Inc. has a 52-week low of $105.21 and a 52-week high of $146.09. The company has a quick ratio of 1.78, a current ratio of 2.04 and a debt-to-equity ratio of 0.88.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its quarterly earnings results on Thursday, July 24th. The company reported $2.24 earnings per share (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 during the quarter.

Coca-Cola Consolidated Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, October 24th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.8%. Coca-Cola Consolidated’s dividend payout ratio is currently 14.93%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. 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. Weiss Ratings raised shares of Coca-Cola Consolidated from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Coca-Cola Consolidated currently has an average rating of “Buy”.

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.