JPMorgan Chase & Co. Has $28.68 Million Position in Coca-Cola Consolidated, Inc. $COKE

JPMorgan Chase & Co. lifted its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 11.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 244,805 shares of the company’s stock after buying an additional 24,278 shares during the period. JPMorgan Chase & Co. owned about 0.28% of Coca-Cola Consolidated worth $28,681,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Norges Bank bought a new position in Coca-Cola Consolidated in the second quarter valued at approximately $280,669,000. Boston Partners increased its holdings in Coca-Cola Consolidated by 942.2% during the second quarter. Boston Partners now owns 2,089,876 shares of the company’s stock worth $233,345,000 after buying an additional 1,889,358 shares during the last quarter. State Street Corp raised its position in Coca-Cola Consolidated by 836.9% during the second quarter. State Street Corp now owns 1,729,065 shares of the company’s stock worth $193,050,000 after acquiring an additional 1,544,516 shares in the last quarter. Geode Capital Management LLC raised its position in Coca-Cola Consolidated by 882.9% during the second quarter. Geode Capital Management LLC now owns 1,302,088 shares of the company’s stock worth $145,398,000 after acquiring an additional 1,169,611 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in Coca-Cola Consolidated by 1,270.8% in the second quarter. AQR Capital Management LLC now owns 1,185,937 shares of the company’s stock valued at $131,906,000 after acquiring an additional 1,099,421 shares during the last quarter. Institutional investors own 48.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Coca-Cola Consolidated has a consensus rating of “Buy”.

Coca-Cola Consolidated Stock Performance

NASDAQ COKE opened at $202.40 on Friday. Coca-Cola Consolidated, Inc. has a 52-week low of $105.21 and a 52-week high of $205.00. The stock has a market cap of $13.47 billion, a PE ratio of 29.69 and a beta of 0.64. The firm has a 50-day moving average of $159.99 and a 200-day moving average of $143.70. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.97 and a current ratio of 1.26.

Coca-Cola Consolidated (NASDAQ:COKE) last released its quarterly earnings results on Wednesday, February 18th. The company reported $2.11 earnings per share for the quarter. Coca-Cola Consolidated had a net margin of 7.89% and a return on equity of 66.42%. The firm had revenue of $1.90 billion for the quarter.

Coca-Cola Consolidated Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 6th. Investors of record on Friday, January 23rd were paid a $0.25 dividend. The ex-dividend date was Friday, January 23rd. This represents a $1.00 annualized dividend and a yield of 0.5%. Coca-Cola Consolidated’s payout ratio is 14.66%.

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.