Coca-Cola Consolidated, Inc. $COKE Shares Bought by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. lifted its stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 1,272.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,866 shares of the company’s stock after purchasing an additional 1,730 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Coca-Cola Consolidated were worth $208,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in COKE. Semmax Financial Advisors Inc. purchased a new position in Coca-Cola Consolidated during the first quarter valued at approximately $50,000. Freestone Capital Holdings LLC bought a new position in shares of Coca-Cola Consolidated in the first quarter worth about $217,000. Quantbot Technologies LP increased its position in Coca-Cola Consolidated by 212.1% in the 1st quarter. Quantbot Technologies LP now owns 181 shares of the company’s stock worth $244,000 after buying an additional 123 shares during the period. Petrus Trust Company LTA acquired a new position in Coca-Cola Consolidated in the 1st quarter valued at approximately $248,000. Finally, Westbourne Investments Inc. acquired a new position in Coca-Cola Consolidated in the 1st quarter valued at approximately $256,000. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, 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 research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Coca-Cola Consolidated currently has a consensus rating of “Buy”.

Coca-Cola Consolidated Trading Down 0.7%

Shares of COKE opened at $162.79 on Friday. The stock has a 50 day simple moving average of $135.63 and a 200-day simple moving average of $128.90. The company has a current ratio of 2.04, a quick ratio of 1.78 and a debt-to-equity ratio of 0.88. The stock has a market cap of $13.91 billion, a PE ratio of 23.18 and a beta of 0.69. Coca-Cola Consolidated, Inc. has a 1 year low of $105.21 and a 1 year high of $166.21.

Coca-Cola Consolidated Dividend Announcement

The company also recently announced 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 of this dividend was Friday, October 24th. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. Coca-Cola Consolidated’s dividend payout ratio is presently 14.25%.

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.