Invesco Ltd. Raises Position in Coca-Cola Consolidated, Inc. $COKE

Invesco Ltd. raised its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 391.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 550,492 shares of the company’s stock after acquiring an additional 438,534 shares during the period. Invesco Ltd.’s holdings in Coca-Cola Consolidated were worth $61,462,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of COKE. Nomura Asset Management Co. Ltd. grew its position in Coca-Cola Consolidated by 900.0% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the company’s stock worth $26,000 after acquiring an additional 207 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Coca-Cola Consolidated by 1,587.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 270 shares of the company’s stock worth $30,000 after buying an additional 254 shares during the period. OLD Point Trust & Financial Services N A raised its holdings in Coca-Cola Consolidated by 900.0% during the 2nd quarter. OLD Point Trust & Financial Services N A now owns 280 shares of the company’s stock valued at $31,000 after buying an additional 252 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in Coca-Cola Consolidated by 900.0% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 300 shares of the company’s stock valued at $33,000 after buying an additional 270 shares during the period. Finally, Harbour Investments Inc. grew its holdings in Coca-Cola Consolidated by 1,071.4% in the 2nd quarter. Harbour Investments Inc. now owns 328 shares of the company’s stock worth $37,000 after acquiring an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Coca-Cola Consolidated from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Coca-Cola Consolidated Stock Performance

Shares of NASDAQ COKE opened at $162.33 on Thursday. The company has a market cap of $13.87 billion, a PE ratio of 23.11 and a beta of 0.63. The company has a quick ratio of 1.79, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. The firm’s 50-day moving average price is $143.37 and its 200-day moving average price is $131.64. Coca-Cola Consolidated, Inc. has a 52-week low of $105.21 and a 52-week high of $168.21.

Coca-Cola Consolidated Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Friday, October 24th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, October 24th. Coca-Cola Consolidated’s payout ratio is presently 14.25%.

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.