EJF Capital LLC Raises Position in Coca-Cola Consolidated, Inc. $COKE

EJF Capital LLC boosted its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 900.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,250 shares of the company’s stock after purchasing an additional 11,025 shares during the period. EJF Capital LLC’s holdings in Coca-Cola Consolidated were worth $1,368,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Resona Asset Management Co. Ltd. raised its holdings in shares of Coca-Cola Consolidated by 900.0% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 4,550 shares of the company’s stock valued at $508,000 after acquiring an additional 4,095 shares in the last quarter. Maryland State Retirement & Pension System grew its holdings in shares of Coca-Cola Consolidated by 900.0% during the second quarter. Maryland State Retirement & Pension System now owns 2,820 shares of the company’s stock worth $315,000 after purchasing an additional 2,538 shares in the last quarter. Davis Investment Partners LLC increased its position in shares of Coca-Cola Consolidated by 980.0% in the second quarter. Davis Investment Partners LLC now owns 5,400 shares of the company’s stock worth $624,000 after purchasing an additional 4,900 shares during the last quarter. Norges Bank purchased a new stake in Coca-Cola Consolidated in the second quarter valued at approximately $280,669,000. Finally, Hsbc Holdings PLC raised its stake in Coca-Cola Consolidated by 663.7% in the second quarter. Hsbc Holdings PLC now owns 24,889 shares of the company’s stock valued at $2,778,000 after purchasing an additional 21,630 shares in the last quarter. 48.24% of the stock is owned by institutional investors.

Coca-Cola Consolidated Stock Performance

NASDAQ:COKE opened at $165.78 on Friday. The company has a market capitalization of $14.17 billion, a price-to-earnings ratio of 23.60 and a beta of 0.63. The business has a 50 day moving average of $145.11 and a 200 day moving average of $125.05. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.79. Coca-Cola Consolidated, Inc. has a 1-year low of $105.21 and a 1-year high of $168.21.

Coca-Cola Consolidated Dividend Announcement

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Wednesday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company 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.