EverSource Wealth Advisors LLC Has $262,000 Stock Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

EverSource Wealth Advisors LLC grew its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 231.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 229 shares of the company’s stock after acquiring an additional 160 shares during the period. EverSource Wealth Advisors LLC’s holdings in Coca-Cola Consolidated were worth $262,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Frank Rimerman Advisors LLC acquired a new stake in Coca-Cola Consolidated during the 2nd quarter worth approximately $494,000. Sei Investments Co. lifted its holdings in shares of Coca-Cola Consolidated by 13.6% during the second quarter. Sei Investments Co. now owns 992 shares of the company’s stock worth $1,076,000 after buying an additional 119 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Coca-Cola Consolidated by 6.2% in the second quarter. Pacer Advisors Inc. now owns 1,725 shares of the company’s stock valued at $1,872,000 after acquiring an additional 100 shares during the period. Hollencrest Capital Management grew its stake in shares of Coca-Cola Consolidated by 119.0% in the second quarter. Hollencrest Capital Management now owns 92 shares of the company’s stock valued at $100,000 after acquiring an additional 50 shares in the last quarter. Finally, Intech Investment Management LLC bought a new position in Coca-Cola Consolidated during the second quarter worth about $1,086,000. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Performance

NASDAQ COKE opened at $1,293.99 on Wednesday. The firm has a 50-day moving average price of $1,252.38 and a two-hundred day moving average price of $1,046.93. 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 market capitalization of $12.13 billion, a P/E ratio of 26.65 and a beta of 0.82. The company has a quick ratio of 1.75, a current ratio of 1.97 and a debt-to-equity ratio of 1.50.

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

Coca-Cola Consolidated Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.15%. The ex-dividend date was Friday, July 26th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is currently 20.59%.

Insider Buying and Selling

In other Coca-Cola Consolidated news, major shareholder Cola Co Coca sold 598,619 shares of the stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $925.00, for a total transaction of $553,722,575.00. Following the sale, the insider now directly owns 1,883,546 shares in the company, valued at $1,742,280,050. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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.