Coca-Cola Consolidated (NASDAQ:COKE) Stock Rating Lowered by Wall Street Zen

Coca-Cola Consolidated (NASDAQ:COKE) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Consolidated in a report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Coca-Cola Consolidated has a consensus rating of “Buy”.

Coca-Cola Consolidated Price Performance

Coca-Cola Consolidated stock opened at $192.99 on Friday. The company has a 50 day moving average of $183.60 and a 200-day moving average of $183.44. Coca-Cola Consolidated has a twelve month low of $110.60 and a twelve month high of $219.65. The stock has a market capitalization of $12.85 billion, a PE ratio of 25.60 and a beta of 0.55.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.83 EPS for the quarter. The business had revenue of $2.05 billion for the quarter. Coca-Cola Consolidated had a net margin of 7.15% and a negative return on equity of 1,041.59%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of COKE. BlackRock Inc. bought a new position in shares of Coca-Cola Consolidated in the second quarter valued at $26,229,118,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Coca-Cola Consolidated during the second quarter worth $1,591,427,000. Deutsche Bank AG bought a new stake in Coca-Cola Consolidated during the second quarter worth $1,346,125,000. Commerzbank Aktiengesellschaft FI bought a new stake in Coca-Cola Consolidated during the second quarter worth $147,857,000. Finally, State Street Corp lifted its stake in Coca-Cola Consolidated by 836.9% in the second quarter. State Street Corp now owns 1,729,065 shares of the company’s stock valued at $193,050,000 after acquiring an additional 1,544,516 shares during the last quarter. 48.24% of the stock is currently owned by institutional investors.

Coca-Cola Consolidated Company Profile

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.