5,756 Shares in Coca-Cola Consolidated, Inc. $COKE Bought by One Wealth Advisors LLC

One Wealth Advisors LLC purchased a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,756 shares of the company’s stock, valued at approximately $468,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COKE. Family Legacy Inc. bought a new position in shares of Coca-Cola Consolidated during the 2nd quarter worth about $6,580,000. Clearstead Trust LLC acquired a new stake in shares of Coca-Cola Consolidated in the 2nd quarter valued at about $934,000. Maridea Wealth Management LLC bought a new stake in Coca-Cola Consolidated in the 2nd quarter valued at about $677,000. Bridgewater Advisors Inc. bought a new stake in Coca-Cola Consolidated in the 2nd quarter valued at about $1,955,000. Finally, Handelsbanken Fonder AB increased its position in Coca-Cola Consolidated by 1.8% in the 2nd quarter. Handelsbanken Fonder AB now owns 17,130 shares of the company’s stock valued at $3,270,000 after buying an additional 300 shares in the last quarter. 48.24% of the stock is owned by institutional investors.

Coca-Cola Consolidated Trading Down 0.6%

Coca-Cola Consolidated stock opened at $189.11 on Friday. Coca-Cola Consolidated, Inc. has a 1-year low of $110.60 and a 1-year high of $219.65. The firm has a market capitalization of $12.59 billion, a price-to-earnings ratio of 25.08 and a beta of 0.55. The firm’s fifty day moving average price is $184.81 and its two-hundred day moving average price is $184.46.

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

Coca-Cola Consolidated Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Friday, July 24th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, July 24th. This represents a $1.00 annualized dividend and a yield of 0.5%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is presently 13.26%.

Wall Street Analyst Weigh In

COKE has been the topic of several recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Consolidated in a report on Wednesday, June 24th. Wall Street Zen downgraded Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently 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.