Algert Global LLC Has $23.55 Million Position in Coca-Cola Consolidated, Inc. $COKE

Algert Global LLC raised its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 33.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 200,974 shares of the company’s stock after purchasing an additional 50,764 shares during the quarter. Coca-Cola Consolidated accounts for approximately 0.4% of Algert Global LLC’s portfolio, making the stock its 24th largest position. Algert Global LLC owned about 0.24% of Coca-Cola Consolidated worth $23,546,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its position in shares of Coca-Cola Consolidated by 175.0% during the third quarter. Smartleaf Asset Management LLC now owns 220 shares of the company’s stock worth $26,000 after acquiring an additional 140 shares in the last quarter. Root Financial Partners LLC bought a new position in Coca-Cola Consolidated in the 3rd quarter valued at about $26,000. Nomura Asset Management Co. Ltd. boosted its stake in Coca-Cola Consolidated by 900.0% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the company’s stock valued at $26,000 after purchasing an additional 207 shares during the last quarter. Newbridge Financial Services Group Inc. boosted its stake in Coca-Cola Consolidated by 900.0% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 230 shares of the company’s stock valued at $26,000 after purchasing an additional 207 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in Coca-Cola Consolidated by 900.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 250 shares of the company’s stock worth $28,000 after purchasing an additional 225 shares in the last quarter. 48.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reissued 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, According to MarketBeat.com, the company presently has an average rating of “Buy”.

Coca-Cola Consolidated Stock Performance

Shares of COKE opened at $216.91 on Friday. Coca-Cola Consolidated, Inc. has a 1 year low of $105.21 and a 1 year high of $217.00. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.26 and a quick ratio of 0.97. The stock’s fifty day moving average price is $169.86 and its two-hundred day moving average price is $150.07. The firm has a market cap of $14.44 billion, a PE ratio of 31.82 and a beta of 0.60.

Coca-Cola Consolidated (NASDAQ:COKE) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $2.11 earnings per share for the quarter. Coca-Cola Consolidated had a return on equity of 66.42% and a net margin of 7.89%.The company had revenue of $1.90 billion during the quarter.

Coca-Cola Consolidated Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 6th. Stockholders of record on Friday, January 23rd were paid a $0.25 dividend. The ex-dividend date was Friday, January 23rd. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is presently 14.66%.

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.