Coca-Cola Consolidated, Inc. $COKE Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 320.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,171 shares of the company’s stock after acquiring an additional 62,645 shares during the quarter. Envestnet Asset Management Inc. owned 0.09% of Coca-Cola Consolidated worth $9,627,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of COKE. Hantz Financial Services Inc. boosted its position in Coca-Cola Consolidated by 1,244.1% during the third quarter. Hantz Financial Services Inc. now owns 457 shares of the company’s stock worth $54,000 after purchasing an additional 423 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Coca-Cola Consolidated by 10.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,599 shares of the company’s stock valued at $415,000 after buying an additional 350 shares in the last quarter. UMB Bank n.a. grew its stake in Coca-Cola Consolidated by 32.3% in the 3rd quarter. UMB Bank n.a. now owns 873 shares of the company’s stock valued at $102,000 after acquiring an additional 213 shares during the period. Keybank National Association OH increased its holdings in Coca-Cola Consolidated by 4.9% in the 3rd quarter. Keybank National Association OH now owns 3,977 shares of the company’s stock worth $466,000 after acquiring an additional 186 shares in the last quarter. Finally, Arizona State Retirement System raised its position in Coca-Cola Consolidated by 1.4% during the third quarter. Arizona State Retirement System now owns 15,942 shares of the company’s stock worth $1,868,000 after acquiring an additional 214 shares during the period. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Wall Street Analyst Weigh In

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

Coca-Cola Consolidated Trading Up 2.5%

Shares of COKE opened at $170.29 on Thursday. Coca-Cola Consolidated, Inc. has a 52-week low of $105.21 and a 52-week high of $170.72. The stock has a market cap of $14.55 billion, a PE ratio of 24.24 and a beta of 0.64. The firm’s fifty day moving average is $156.19 and its two-hundred day moving average is $139.88. The company has a quick ratio of 1.79, a current ratio of 2.04 and a debt-to-equity ratio of 0.88.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its earnings results on Wednesday, February 18th. The company reported $2.11 EPS for the quarter. Coca-Cola Consolidated had a net margin of 8.66% and a return on equity of 43.17%.

Coca-Cola Consolidated Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 6th. Shareholders of record on Friday, January 23rd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Friday, January 23rd. Coca-Cola Consolidated’s dividend payout ratio (DPR) is 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.