Cura Wealth Advisors LLC Invests $262,000 in Coca-Cola Consolidated, Inc. $COKE

Cura Wealth Advisors LLC bought a new position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,229 shares of the company’s stock, valued at approximately $262,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Coca-Cola Consolidated by 6.4% in the 4th quarter. Vanguard Group Inc. now owns 5,686,058 shares of the company’s stock valued at $871,673,000 after purchasing an additional 341,374 shares during the period. Horizon Investments LLC grew its stake in Coca-Cola Consolidated by 1,655,666.7% during the fourth quarter. Horizon Investments LLC now owns 49,673 shares of the company’s stock worth $7,602,000 after purchasing an additional 49,670 shares during the period. Vest Financial LLC grew its stake in Coca-Cola Consolidated by 60.8% during the fourth quarter. Vest Financial LLC now owns 232,597 shares of the company’s stock worth $35,657,000 after purchasing an additional 87,912 shares during the period. James Investment Research Inc. increased its holdings in Coca-Cola Consolidated by 62.2% in the fourth quarter. James Investment Research Inc. now owns 22,412 shares of the company’s stock worth $3,436,000 after purchasing an additional 8,593 shares in the last quarter. Finally, Walleye Capital LLC lifted its stake in Coca-Cola Consolidated by 285.2% in the first quarter. Walleye Capital LLC now owns 86,972 shares of the company’s stock valued at $16,676,000 after buying an additional 64,396 shares during the period. Institutional investors and hedge funds own 48.24% of the company’s stock.

Analyst Ratings Changes

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

Coca-Cola Consolidated Price Performance

NASDAQ:COKE opened at $189.11 on Monday. Coca-Cola Consolidated, Inc. has a one year low of $110.60 and a one year high of $219.65. The company has a market cap of $12.59 billion, a PE ratio of 25.08 and a beta of 0.55. The firm has a 50-day moving average of $184.81 and a 200-day moving average of $184.70.

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

Coca-Cola Consolidated Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Friday, July 24th were given a dividend of $0.25 per share. The ex-dividend date of this dividend 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 presently 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.