Prospera Financial Services Inc Makes New $370,000 Investment in Coca-Cola Consolidated, Inc. $COKE

Prospera Financial Services Inc acquired a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,155 shares of the company’s stock, valued at approximately $370,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its position in shares of Coca-Cola Consolidated by 175.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 220 shares of the company’s stock valued at $26,000 after purchasing an additional 140 shares during the period. Root Financial Partners LLC acquired a new position in Coca-Cola Consolidated during the third quarter worth about $26,000. Nomura Asset Management Co. Ltd. raised its position in Coca-Cola Consolidated by 900.0% in the second quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the company’s stock worth $26,000 after acquiring an additional 207 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its holdings in Coca-Cola Consolidated by 900.0% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 230 shares of the company’s stock valued at $26,000 after acquiring an additional 207 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in Coca-Cola Consolidated by 900.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 250 shares of the company’s stock valued at $28,000 after acquiring an additional 225 shares during the last quarter. Institutional investors own 48.24% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Consolidated in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Coca-Cola Consolidated currently has an average rating of “Buy”.

Coca-Cola Consolidated Price Performance

Shares of COKE opened at $166.10 on Wednesday. Coca-Cola Consolidated, Inc. has a fifty-two week low of $105.21 and a fifty-two week high of $169.49. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.79. The company has a market capitalization of $14.19 billion, a price-to-earnings ratio of 23.65 and a beta of 0.64. The business’s 50-day moving average is $156.03 and its 200-day moving average is $139.67.

Coca-Cola Consolidated Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 6th. Stockholders of record on Friday, January 23rd were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Friday, January 23rd. Coca-Cola Consolidated’s payout ratio is currently 14.25%.

Coca-Cola Consolidated 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.