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

AlphaQuest LLC boosted its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 1,262.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,908 shares of the company’s stock after purchasing an additional 1,768 shares during the quarter. AlphaQuest LLC’s holdings in Coca-Cola Consolidated were worth $213,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of COKE. KBC Group NV grew its holdings in Coca-Cola Consolidated by 15.6% in the first quarter. KBC Group NV now owns 230 shares of the company’s stock valued at $311,000 after purchasing an additional 31 shares during the period. Principal Financial Group Inc. grew its holdings in Coca-Cola Consolidated by 0.3% in the first quarter. Principal Financial Group Inc. now owns 13,569 shares of the company’s stock valued at $18,318,000 after purchasing an additional 43 shares during the period. Truist Financial Corp grew its holdings in Coca-Cola Consolidated by 2.1% in the first quarter. Truist Financial Corp now owns 28,881 shares of the company’s stock valued at $38,989,000 after purchasing an additional 607 shares during the period. Wayfinding Financial LLC purchased a new stake in Coca-Cola Consolidated in the first quarter valued at approximately $46,000. Finally, Bank of New York Mellon Corp grew its holdings in Coca-Cola Consolidated by 4.4% in the first quarter. Bank of New York Mellon Corp now owns 60,812 shares of the company’s stock valued at $82,097,000 after purchasing an additional 2,545 shares during the period. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Stock Down 1.6%

COKE opened at $130.38 on Monday. The firm has a 50 day moving average price of $121.59 and a 200 day moving average price of $125.29. The company has a market cap of $11.33 billion, a PE ratio of 18.56 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 posted its earnings results on Wednesday, October 29th. The company reported $2.06 earnings per share (EPS) for the quarter. The firm had revenue of $1.89 billion during the quarter. Coca-Cola Consolidated had a net margin of 8.66% and a return on equity of 44.03%.

Coca-Cola Consolidated Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, October 24th will be given 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 of this dividend is Friday, October 24th. Coca-Cola Consolidated’s dividend payout ratio is 14.25%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on COKE. Wall Street Zen raised Coca-Cola Consolidated from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Weiss Ratings raised Coca-Cola Consolidated from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Coca-Cola Consolidated presently has an average rating of “Buy”.

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.