Pacer Advisors Inc. Purchases 3,087 Shares of Coca-Cola Consolidated, Inc. $COKE

Pacer Advisors Inc. boosted its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 19.1% in the 4th quarter, HoldingsChannel reports. The firm owned 19,248 shares of the company’s stock after buying an additional 3,087 shares during the period. Pacer Advisors Inc.’s holdings in Coca-Cola Consolidated were worth $2,951,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in COKE. Quarry LP bought a new stake in Coca-Cola Consolidated during the third quarter worth about $25,000. Advisory Services Network LLC bought a new position in shares of Coca-Cola Consolidated in the third quarter valued at approximately $25,000. Newbridge Financial Services Group Inc. boosted its holdings in shares of Coca-Cola Consolidated by 900.0% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 230 shares of the company’s stock worth $26,000 after acquiring an additional 207 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Coca-Cola Consolidated by 900.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 250 shares of the company’s stock worth $28,000 after acquiring an additional 225 shares in the last quarter. Finally, Torren Management LLC acquired a new position in shares of Coca-Cola Consolidated in the 4th quarter worth approximately $29,000. 48.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Coca-Cola Consolidated Stock Performance

Shares of NASDAQ:COKE opened at $183.01 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 0.91 and a debt-to-equity ratio of 0.88. Coca-Cola Consolidated, Inc. has a 1-year low of $107.21 and a 1-year high of $219.65. The stock has a market capitalization of $12.18 billion, a P/E ratio of 25.04 and a beta of 0.55. The business has a 50-day moving average price of $183.13 and a two-hundred day moving average price of $177.20.

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

Coca-Cola Consolidated Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 24th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, April 24th. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is presently 13.68%.

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.