Frank Rimerman Advisors LLC Takes Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Frank Rimerman Advisors LLC bought a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the second quarter, Holdings Channel reports. The fund bought 455 shares of the company’s stock, valued at approximately $494,000.

A number of other hedge funds have also modified their holdings of the stock. BNP Paribas Financial Markets lifted its position in shares of Coca-Cola Consolidated by 27.7% in the 1st quarter. BNP Paribas Financial Markets now owns 6,366 shares of the company’s stock valued at $5,388,000 after acquiring an additional 1,380 shares in the last quarter. Hancock Whitney Corp lifted its position in shares of Coca-Cola Consolidated by 12.3% in the fourth quarter. Hancock Whitney Corp now owns 13,187 shares of the company’s stock worth $12,243,000 after purchasing an additional 1,444 shares in the last quarter. Hobbs Group Advisors LLC acquired a new stake in shares of Coca-Cola Consolidated during the fourth quarter worth approximately $1,075,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Coca-Cola Consolidated during the first quarter worth approximately $587,000. Finally, Swiss National Bank grew its position in Coca-Cola Consolidated by 9.1% during the first quarter. Swiss National Bank now owns 10,765 shares of the company’s stock valued at $9,112,000 after purchasing an additional 900 shares in the last quarter. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Consolidated Stock Down 1.5 %

COKE stock opened at $1,293.99 on Wednesday. The company has a 50 day moving average of $1,252.38 and a two-hundred day moving average of $1,046.93. The company has a market cap of $12.13 billion, a price-to-earnings ratio of 26.65 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 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 released its quarterly earnings data on Wednesday, July 31st. The company reported $20.71 earnings per share (EPS) for the quarter. Coca-Cola Consolidated had a return on equity of 44.83% and a net margin of 7.52%. The firm had revenue of $1.80 billion during the quarter.

Coca-Cola Consolidated Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were issued a $0.50 dividend. The ex-dividend date was Friday, July 26th. This represents a $2.00 dividend on an annualized basis and a yield of 0.15%. Coca-Cola Consolidated’s dividend payout ratio is currently 20.59%.

Insider Activity at Coca-Cola Consolidated

In other Coca-Cola Consolidated news, major shareholder Cola Co Coca sold 598,619 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 1,883,546 shares of the company’s stock, valued at $1,742,280,050. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

About Coca-Cola Consolidated

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.