Ameritas Investment Partners Inc. Boosts Stock Holdings in Coca-Cola Consolidated, Inc. $COKE

Ameritas Investment Partners Inc. lifted its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 881.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,382 shares of the company’s stock after acquiring an additional 10,222 shares during the period. Ameritas Investment Partners Inc.’s holdings in Coca-Cola Consolidated were worth $1,271,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Prudential Financial Inc. increased its holdings in shares of Coca-Cola Consolidated by 777.9% in the 2nd quarter. Prudential Financial Inc. now owns 55,035 shares of the company’s stock worth $6,145,000 after purchasing an additional 48,766 shares in the last quarter. Coldstream Capital Management Inc. boosted its position in shares of Coca-Cola Consolidated by 1,272.1% during the second quarter. Coldstream Capital Management Inc. now owns 1,866 shares of the company’s stock valued at $208,000 after buying an additional 1,730 shares during the last quarter. Cynosure Group LLC boosted its position in shares of Coca-Cola Consolidated by 1,239.9% during the second quarter. Cynosure Group LLC now owns 3,390 shares of the company’s stock valued at $378,000 after buying an additional 3,137 shares during the last quarter. American Century Companies Inc. increased its holdings in Coca-Cola Consolidated by 1,099.7% in the 2nd quarter. American Century Companies Inc. now owns 167,600 shares of the company’s stock worth $18,713,000 after buying an additional 153,630 shares in the last quarter. Finally, Nemes Rush Group LLC raised its position in Coca-Cola Consolidated by 895.7% in the 2nd quarter. Nemes Rush Group LLC now owns 458 shares of the company’s stock worth $51,000 after buying an additional 412 shares during the last quarter. 48.24% of the stock is owned by institutional investors.

Coca-Cola Consolidated Trading Up 1.0%

Coca-Cola Consolidated stock opened at $163.91 on Friday. Coca-Cola Consolidated, Inc. has a 52-week low of $105.21 and a 52-week high of $166.21. The company has a market cap of $14.01 billion, a P/E ratio of 23.34 and a beta of 0.69. 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 business has a 50-day simple moving average of $134.64 and a two-hundred day simple moving average of $128.49.

Coca-Cola Consolidated Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Friday, October 24th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.6%. The ex-dividend date was Friday, October 24th. Coca-Cola Consolidated’s payout ratio is 14.25%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Coca-Cola Consolidated from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Coca-Cola Consolidated presently has a consensus rating of “Buy”.

Coca-Cola Consolidated Company 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.