Tillman Hartley LLC Buys Shares of 3,700 Coca-Cola Consolidated, Inc. $COKE

Tillman Hartley LLC purchased a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,700 shares of the company’s stock, valued at approximately $301,000.

Several other institutional investors and hedge funds have also modified their holdings of COKE. State Street Corp lifted 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 valued at $193,050,000 after purchasing an additional 1,544,516 shares in the last quarter. Norges Bank purchased a new stake in Coca-Cola Consolidated in the fourth quarter worth about $222,408,000. AQR Capital Management LLC raised its stake in shares of 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 worth $131,906,000 after buying an additional 1,099,421 shares during the period. First Trust Advisors LP raised its stake in shares of Coca-Cola Consolidated by 42.1% in the fourth quarter. First Trust Advisors LP now owns 2,037,083 shares of the company’s stock worth $312,285,000 after buying an additional 603,513 shares during the period. Finally, ABN AMRO Bank N.V. bought a new position in shares of Coca-Cola Consolidated in the second quarter worth about $47,608,000. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Price Performance

Shares of COKE opened at $189.11 on Monday. The firm has a market cap of $12.59 billion, a P/E ratio of 25.08 and a beta of 0.55. Coca-Cola Consolidated, Inc. has a 1 year low of $110.60 and a 1 year high of $219.65. The company has a 50 day simple moving average of $184.81 and a two-hundred day simple moving average of $184.70.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its earnings results on Wednesday, August 5th. The company reported $2.83 earnings per share for the quarter. The firm had revenue of $2.05 billion during 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 Announces Dividend

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

Wall Street Analyst Weigh In

COKE has been the subject of a number of recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Wednesday, June 24th. Wall Street Zen cut shares of Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Coca-Cola Consolidated presently has an average rating of “Buy”.

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.