16,563,611 Shares in Coca-Cola Consolidated, Inc. $COKE Purchased by Deutsche Bank AG

Deutsche Bank AG bought a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 16,563,611 shares of the company’s stock, valued at approximately $1,346,125,000. Deutsche Bank AG owned about 0.25% of Coca-Cola Consolidated as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Perigon Wealth Management LLC purchased a new stake in shares of Coca-Cola Consolidated in the 2nd quarter valued at about $11,196,000. Commerzbank Aktiengesellschaft FI purchased a new position in shares of Coca-Cola Consolidated during the second quarter worth about $147,857,000. Phillips Wealth Planners LLC bought a new position in shares of Coca-Cola Consolidated in the second quarter worth approximately $1,219,000. Trust Co. of Vermont bought a new position in shares of Coca-Cola Consolidated in the second quarter worth approximately $4,674,000. Finally, Principle Wealth Partners LLC purchased a new stake in Coca-Cola Consolidated in the second quarter valued at approximately $8,908,000. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Wednesday, June 24th. Wall Street Zen lowered shares of Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Coca-Cola Consolidated Stock Performance

COKE stock opened at $186.21 on Tuesday. The firm has a market cap of $12.39 billion, a P/E ratio of 24.70 and a beta of 0.55. The firm’s fifty day moving average is $184.96 and its 200 day moving average is $184.96. Coca-Cola Consolidated, Inc. has a 52 week low of $110.60 and a 52 week high of $219.65.

Coca-Cola Consolidated (NASDAQ:COKE) last posted its quarterly earnings results 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 business had revenue of $2.05 billion during the quarter.

Coca-Cola Consolidated Dividend Announcement

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

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.