Sutton Place Investors LLC Makes New $245,000 Investment in Coca-Cola Consolidated, Inc. $COKE

Sutton Place Investors LLC purchased a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,010 shares of the company’s stock, valued at approximately $245,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. GSA Capital Partners LLP purchased a new stake in shares of Coca-Cola Consolidated during the second quarter valued at $1,205,000. Langley Wealth Management LLC purchased a new position in Coca-Cola Consolidated in the 2nd quarter worth $126,000. Avalon Trust Co purchased a new position in Coca-Cola Consolidated in the 2nd quarter worth $208,000. TFR Capital LLC. purchased a new position in Coca-Cola Consolidated in the 2nd quarter worth $1,048,000. Finally, One Wealth Advisors LLC acquired a new stake in Coca-Cola Consolidated during the 2nd quarter worth about $468,000. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Coca-Cola Consolidated Price Performance

COKE stock opened at $189.11 on Friday. The firm’s fifty day simple moving average is $184.81 and its 200-day simple moving average is $184.46. The company has a market capitalization of $12.59 billion, a P/E ratio of 25.08 and a beta of 0.55. Coca-Cola Consolidated, Inc. has a 12 month low of $110.60 and a 12 month high of $219.65.

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

Coca-Cola Consolidated Announces Dividend

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

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.