Caprock Group LLC Buys Shares of 306 Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Caprock Group LLC bought a new position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 306 shares of the company’s stock, valued at approximately $332,000.

Several other large investors have also modified their holdings of COKE. Janney Montgomery Scott LLC raised its holdings in shares of Coca-Cola Consolidated by 98.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 2,326 shares of the company’s stock valued at $2,160,000 after buying an additional 1,153 shares during the period. Ontario Teachers Pension Plan Board increased its stake in shares of Coca-Cola Consolidated by 295.1% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 5,014 shares of the company’s stock worth $4,655,000 after buying an additional 3,745 shares during the period. BNP Paribas Financial Markets lifted its stake in Coca-Cola Consolidated by 27.7% in the first quarter. BNP Paribas Financial Markets now owns 6,366 shares of the company’s stock worth $5,388,000 after acquiring an additional 1,380 shares during the last quarter. Hancock Whitney Corp raised its holdings in shares of Coca-Cola Consolidated by 12.3% in the 4th quarter. Hancock Whitney Corp now owns 13,187 shares of the company’s stock valued at $12,243,000 after purchasing an additional 1,444 shares in the last quarter. Finally, Hobbs Group Advisors LLC purchased a new stake in shares of Coca-Cola Consolidated during the 4th quarter worth $1,075,000. Institutional investors and hedge funds own 48.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Coca-Cola Consolidated from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 23rd.

Insider Buying and Selling

In related news, major shareholder Cola Co Coca sold 598,619 shares of Coca-Cola Consolidated stock in a transaction on Friday, July 5th. The shares were sold at an average price of $925.00, for a total value of $553,722,575.00. Following the transaction, the insider now directly owns 1,883,546 shares in the company, valued at approximately $1,742,280,050. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Coca-Cola Consolidated Trading Down 0.5 %

NASDAQ COKE opened at $1,271.09 on Friday. The firm’s fifty day moving average price is $1,216.72 and its 200 day moving average price is $1,017.14. The company has a market capitalization of $11.92 billion, a price-to-earnings ratio of 26.18 and a beta of 0.82. Coca-Cola Consolidated, Inc. has a 12 month low of $614.22 and a 12 month high of $1,376.84. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.97 and a quick ratio of 1.75.

Coca-Cola Consolidated (NASDAQ:COKE) last released its quarterly earnings results on Wednesday, July 31st. The company reported $20.71 earnings per share (EPS) for the quarter. The firm had revenue of $1.80 billion for the quarter. Coca-Cola Consolidated had a return on equity of 44.83% and a net margin of 7.52%.

Coca-Cola Consolidated Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were given a $0.50 dividend. The ex-dividend date was Friday, July 26th. This represents a $2.00 annualized dividend and a yield of 0.16%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is 20.59%.

Coca-Cola Consolidated Company Profile

Coca-Cola Consolidated, Inc, together with its subsidiaries, manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages; and still beverages, including energy products, as well as noncarbonated beverages comprising bottled water, ready to drink coffee and tea, enhanced water, juices, and sports drinks.