Prudential PLC Invests $3.04 Million in Coca-Cola Consolidated, Inc. $COKE

Prudential PLC acquired a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 19,853 shares of the company’s stock, valued at approximately $3,043,000.

Several other institutional investors have also recently modified their holdings of the company. Vise Technologies Inc. purchased a new position in shares of Coca-Cola Consolidated in the fourth quarter worth about $437,000. State of Wyoming raised its stake in shares of Coca-Cola Consolidated by 384.1% in the fourth quarter. State of Wyoming now owns 1,278 shares of the company’s stock worth $196,000 after purchasing an additional 1,014 shares during the last quarter. Sivia Capital Partners LLC raised its stake in shares of Coca-Cola Consolidated by 60.3% in the fourth quarter. Sivia Capital Partners LLC now owns 2,760 shares of the company’s stock worth $423,000 after purchasing an additional 1,038 shares during the last quarter. Dynasty Wealth Management LLC raised its stake in shares of Coca-Cola Consolidated by 17.9% in the fourth quarter. Dynasty Wealth Management LLC now owns 3,332 shares of the company’s stock worth $511,000 after purchasing an additional 506 shares during the last quarter. Finally, Natixis Advisors LLC raised its stake in shares of Coca-Cola Consolidated by 27.2% in the fourth quarter. Natixis Advisors LLC now owns 136,224 shares of the company’s stock worth $20,883,000 after purchasing an additional 29,118 shares during the last quarter. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Stock Up 5.7%

Shares of COKE stock opened at $179.91 on Friday. The stock has a 50 day moving average of $185.72 and a 200 day moving average of $175.29. The company has a current ratio of 1.23, a quick ratio of 0.91 and a debt-to-equity ratio of 0.88. The stock has a market cap of $11.97 billion, a P/E ratio of 24.61 and a beta of 0.55. Coca-Cola Consolidated, Inc. has a twelve month low of $105.44 and a twelve month high of $219.65.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.79 earnings per share for the quarter. The company had revenue of $1.71 billion during the quarter. Coca-Cola Consolidated had a return on equity of 138.44% and a net margin of 7.72%.

Coca-Cola Consolidated Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 24th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.6%. The ex-dividend date was Friday, April 24th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is currently 13.68%.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Coca-Cola Consolidated presently has a consensus rating of “Buy”.

Coca-Cola Consolidated 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.