Allworth Financial LP Acquires 2,659 Shares of Coca-Cola Consolidated, Inc. $COKE

Allworth Financial LP boosted its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 4,664.9% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,716 shares of the company’s stock after acquiring an additional 2,659 shares during the quarter. Allworth Financial LP’s holdings in Coca-Cola Consolidated were worth $303,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of COKE. Semmax Financial Advisors Inc. bought a new stake in shares of Coca-Cola Consolidated during the 1st quarter valued at about $50,000. Freestone Capital Holdings LLC purchased a new stake in Coca-Cola Consolidated in the first quarter valued at approximately $217,000. Quantbot Technologies LP lifted its position in Coca-Cola Consolidated by 212.1% during the first quarter. Quantbot Technologies LP now owns 181 shares of the company’s stock valued at $244,000 after purchasing an additional 123 shares during the last quarter. Petrus Trust Company LTA purchased a new position in Coca-Cola Consolidated in the 1st quarter worth approximately $248,000. Finally, Westbourne Investments Inc. purchased a new position in Coca-Cola Consolidated in the 1st quarter worth approximately $256,000. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Price Performance

Shares of NASDAQ:COKE opened at $159.65 on Tuesday. The company has a quick ratio of 1.78, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. The stock has a market cap of $13.64 billion, a PE ratio of 22.73 and a beta of 0.69. The company’s fifty day moving average is $127.80 and its 200 day moving average is $126.06. Coca-Cola Consolidated, Inc. has a 52 week low of $105.21 and a 52 week high of $162.43.

Coca-Cola Consolidated Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Friday, October 24th were issued a $0.25 dividend. The ex-dividend date was Friday, October 24th. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. Coca-Cola Consolidated’s payout ratio is currently 14.25%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on COKE shares. 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. Weiss Ratings upgraded Coca-Cola Consolidated from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus 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.