Ethos Financial Group LLC Acquires New Holdings in Coca-Cola Consolidated, Inc. $COKE

Ethos Financial Group LLC bought a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 3,959 shares of the company’s stock, valued at approximately $607,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP purchased a new position in Coca-Cola Consolidated in the 3rd quarter valued at about $25,000. Advisory Services Network LLC purchased a new position in Coca-Cola Consolidated in the 3rd quarter valued at about $25,000. Smartleaf Asset Management LLC lifted its holdings in Coca-Cola Consolidated by 175.0% in 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 in the last quarter. Root Financial Partners LLC purchased a new position in Coca-Cola Consolidated in the 3rd quarter valued at about $26,000. Finally, 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 purchasing an additional 207 shares in the last quarter. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Consolidated in a report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Coca-Cola Consolidated has a consensus rating of “Buy”.

Coca-Cola Consolidated Trading Up 1.7%

Shares of COKE stock opened at $197.97 on Tuesday. The firm has a market cap of $13.18 billion, a P/E ratio of 29.04 and a beta of 0.61. Coca-Cola Consolidated, Inc. has a 1-year low of $105.21 and a 1-year high of $219.65. 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 firm’s 50-day simple moving average is $184.57 and its 200-day simple moving average is $159.00.

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

Coca-Cola Consolidated Dividend Announcement

The business also recently disclosed 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 0.5%. The ex-dividend date was Friday, January 23rd. Coca-Cola Consolidated’s dividend payout ratio is presently 14.66%.

About Coca-Cola Consolidated

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.