Natixis Acquires 27,048 Shares of Coca-Cola Consolidated, Inc. $COKE

Natixis grew its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 981.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,803 shares of the company’s stock after acquiring an additional 27,048 shares during the quarter. Natixis’ holdings in Coca-Cola Consolidated were worth $3,328,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of COKE. Charles Schwab Investment Management Inc. grew its position in shares of Coca-Cola Consolidated by 2.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 53,442 shares of the company’s stock valued at $72,147,000 after purchasing an additional 1,497 shares during the period. Townsquare Capital LLC lifted its stake in Coca-Cola Consolidated by 34.7% in the first quarter. Townsquare Capital LLC now owns 338 shares of the company’s stock valued at $456,000 after buying an additional 87 shares in the last quarter. Nuveen LLC bought a new position in Coca-Cola Consolidated in the first quarter valued at approximately $19,346,000. Independent Advisor Alliance boosted its holdings in shares of Coca-Cola Consolidated by 11.9% in the first quarter. Independent Advisor Alliance now owns 1,094 shares of the company’s stock valued at $1,476,000 after buying an additional 116 shares during the period. Finally, Resona Asset Management Co. Ltd. boosted its holdings in shares of Coca-Cola Consolidated by 2.7% in the first quarter. Resona Asset Management Co. Ltd. now owns 455 shares of the company’s stock valued at $614,000 after buying an additional 12 shares during the period. Institutional investors and hedge funds own 48.24% of the company’s stock.

Coca-Cola Consolidated Trading Down 0.6%

NASDAQ:COKE opened at $162.33 on Thursday. The company has a market cap of $13.87 billion, a P/E ratio of 23.11 and a beta of 0.63. Coca-Cola Consolidated, Inc. has a twelve month low of $105.21 and a twelve month high of $168.21. The business has a 50 day moving average price of $143.37 and a two-hundred day moving average price of $131.64. The company has a quick ratio of 1.79, a current ratio of 2.04 and a debt-to-equity ratio of 0.88.

Coca-Cola Consolidated Dividend Announcement

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

Wall Street Analyst Weigh In

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, Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Coca-Cola Consolidated 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.