Coca-Cola Consolidated, Inc. $COKE Shares Acquired by Cwm LLC

Cwm LLC lifted its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 209.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,378 shares of the company’s stock after purchasing an additional 9,054 shares during the quarter. Cwm LLC’s holdings in Coca-Cola Consolidated were worth $1,567,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of COKE. Nomura Asset Management Co. Ltd. grew its stake in shares of Coca-Cola Consolidated by 900.0% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the company’s stock worth $26,000 after purchasing an additional 207 shares during the period. Newbridge Financial Services Group Inc. boosted its stake in Coca-Cola Consolidated by 900.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 230 shares of the company’s stock worth $26,000 after buying an additional 207 shares during the last quarter. Geneos Wealth Management Inc. increased its position in Coca-Cola Consolidated by 900.0% during the second quarter. Geneos Wealth Management Inc. now owns 250 shares of the company’s stock worth $28,000 after purchasing an additional 225 shares during the last quarter. Rakuten Securities Inc. raised its position in shares of Coca-Cola Consolidated by 1,646.7% during the 2nd quarter. Rakuten Securities Inc. now owns 262 shares of the company’s stock valued at $29,000 after buying an additional 247 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Coca-Cola Consolidated by 1,587.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 270 shares of the company’s stock worth $30,000 after purchasing an additional 254 shares during the period. Institutional investors and hedge funds own 48.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy”.

Coca-Cola Consolidated Stock Performance

NASDAQ COKE opened at $149.84 on Monday. The company has a market capitalization of $12.80 billion, a PE ratio of 21.33 and a beta of 0.65. Coca-Cola Consolidated, Inc. has a 1 year low of $105.21 and a 1 year high of $169.49. The company has a fifty day moving average of $155.33 and a two-hundred day moving average of $130.60. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.79.

Coca-Cola Consolidated Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Friday, October 24th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, October 24th. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. Coca-Cola Consolidated’s dividend payout ratio is currently 14.25%.

Coca-Cola Consolidated Company Profile

Founded in 1902 and headquartered in Charlotte, North Carolina, Coca-Cola Consolidated, Inc is the largest independent bottler of Coca-Cola products in the United States. The company manufactures, sells and distributes a broad portfolio of sparkling and still beverages under exclusive agreements with The Coca-Cola Company. Its brand lineup includes Coca-Cola, Diet Coke, Sprite and Fanta, as well as noncarbonated offerings such as Minute Maid juices, Gold Peak teas, Dasani water, Powerade sports drinks and vitaminwater.

Coca-Cola Consolidated’s operations span 14 states and the District of Columbia across the Southeastern, South Central and Mid-Atlantic regions.