Assetmark Inc. Buys 5,081 Shares of Coca-Cola Consolidated, Inc. $COKE

Assetmark Inc. increased its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 28.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,884 shares of the company’s stock after acquiring an additional 5,081 shares during the quarter. Assetmark Inc.’s holdings in Coca-Cola Consolidated were worth $2,681,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in COKE. Illinois Municipal Retirement Fund boosted its holdings in Coca-Cola Consolidated by 21.4% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 42,730 shares of the company’s stock worth $5,006,000 after buying an additional 7,540 shares during the period. Caprock Group LLC purchased a new position in Coca-Cola Consolidated in the 3rd quarter worth approximately $277,000. Navellier & Associates Inc. boosted its stake in Coca-Cola Consolidated by 3.5% in the 3rd quarter. Navellier & Associates Inc. now owns 38,972 shares of the company’s stock worth $4,566,000 after purchasing an additional 1,300 shares during the period. Prospera Financial Services Inc purchased a new stake in Coca-Cola Consolidated during the 3rd quarter valued at approximately $370,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Coca-Cola Consolidated during the third quarter valued at approximately $1,040,000. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Up 2.5%

Shares of NASDAQ:COKE opened at $170.29 on Thursday. The company has a 50-day moving average price of $156.19 and a 200 day moving average price of $139.88. The company has a current ratio of 2.04, a quick ratio of 1.79 and a debt-to-equity ratio of 0.88. Coca-Cola Consolidated, Inc. has a 12 month low of $105.21 and a 12 month high of $170.72. The company has a market cap of $14.55 billion, a price-to-earnings ratio of 24.24 and a beta of 0.64.

Coca-Cola Consolidated (NASDAQ:COKE) last released its 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 43.17% and a net margin of 8.66%.

Coca-Cola Consolidated Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 6th. Stockholders of record on Friday, January 23rd were given 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 dividend payout ratio (DPR) is 14.25%.

Analysts Set New Price Targets

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

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.