Johnson Financial Group Inc. Takes $1.22 Million Position in Coca-Cola Consolidated, Inc. $COKE

Johnson Financial Group Inc. bought a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 14,895 shares of the company’s stock, valued at approximately $1,218,000.

Other institutional investors also recently modified their holdings of the company. Quarry LP purchased a new position in Coca-Cola Consolidated during the 3rd quarter valued at about $25,000. Advisory Services Network LLC purchased a new position in shares of Coca-Cola Consolidated during the third quarter valued at approximately $25,000. J.Safra Asset Management Corp bought a new stake in shares of Coca-Cola Consolidated in the 2nd quarter worth approximately $26,000. Newbridge Financial Services Group Inc. grew its stake 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 buying an additional 207 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its position in Coca-Cola Consolidated by 900.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 250 shares of the company’s stock valued at $28,000 after buying an additional 225 shares in the last quarter. 48.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

COKE has been the topic of several analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Consolidated in a report on Wednesday, June 24th. Wall Street Zen downgraded Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Coca-Cola Consolidated presently has an average rating of “Buy”.

Coca-Cola Consolidated Trading Down 1.0%

COKE stock opened at $186.84 on Thursday. The stock has a market capitalization of $12.44 billion, a PE ratio of 24.78 and a beta of 0.55. Coca-Cola Consolidated, Inc. has a 12-month low of $110.60 and a 12-month high of $219.65. The stock’s 50 day simple moving average is $184.95 and its 200 day simple moving average is $185.50.

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

Coca-Cola Consolidated Dividend Announcement

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

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.