Advisortrust Partners LLC Purchases New Holdings in Coca-Cola Consolidated, Inc. $COKE

Advisortrust Partners LLC acquired a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,008 shares of the company’s stock, valued at approximately $614,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of COKE. JPMorgan Chase & Co. lifted its stake in Coca-Cola Consolidated by 11.0% during the third quarter. JPMorgan Chase & Co. now owns 244,805 shares of the company’s stock worth $28,681,000 after purchasing an additional 24,278 shares during the last quarter. Vanguard Group Inc. increased its stake in Coca-Cola Consolidated by 6.4% during the fourth quarter. Vanguard Group Inc. now owns 5,686,058 shares of the company’s stock valued at $871,673,000 after purchasing an additional 341,374 shares during the last quarter. Natixis Advisors LLC raised its holdings in shares of Coca-Cola Consolidated by 122.1% during the third quarter. Natixis Advisors LLC now owns 107,106 shares of the company’s stock worth $12,548,000 after purchasing an additional 58,890 shares during the period. HighTower Advisors LLC raised its holdings in shares of Coca-Cola Consolidated by 76.8% during the third quarter. HighTower Advisors LLC now owns 18,039 shares of the company’s stock worth $2,114,000 after purchasing an additional 7,834 shares during the period. Finally, First Trust Advisors LP lifted its position in shares of Coca-Cola Consolidated by 119.3% in the 3rd quarter. First Trust Advisors LP now owns 1,433,570 shares of the company’s stock worth $167,957,000 after buying an additional 779,915 shares during the last quarter. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Stock Performance

NASDAQ:COKE opened at $181.54 on Friday. The firm has a market capitalization of $12.08 billion, a P/E ratio of 24.83 and a beta of 0.55. The business has a 50 day simple moving average of $184.14 and a 200 day simple moving average of $176.85. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.23 and a quick ratio of 0.91. Coca-Cola Consolidated, Inc. has a 12-month low of $105.97 and a 12-month high of $219.65.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its earnings results on Wednesday, May 6th. The company reported $1.79 earnings per share for the quarter. The firm had revenue of $1.71 billion for the quarter. Coca-Cola Consolidated had a return on equity of 138.44% and a net margin of 7.72%.

Coca-Cola Consolidated Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 24th were issued a $0.25 dividend. 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, April 24th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is 13.68%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Consolidated in a report on Friday, March 27th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Coca-Cola Consolidated has a consensus rating of “Buy”.

About Coca-Cola Consolidated

Founded in 1902 and headquartered in Charlotte, North Carolina, Coca-Cola Consolidated, Inc is the largest independent bottler of Coca-Cola products in the United States. The company manufactures, sells and distributes a broad portfolio of sparkling and still beverages under exclusive agreements with The Coca-Cola Company. Its brand lineup includes Coca-Cola, Diet Coke, Sprite and Fanta, as well as noncarbonated offerings such as Minute Maid juices, Gold Peak teas, Dasani water, Powerade sports drinks and vitaminwater.

Coca-Cola Consolidated’s operations span 14 states and the District of Columbia across the Southeastern, South Central and Mid-Atlantic regions.