GSG Advisors LLC Acquires Shares of 4,461 Coca-Cola Consolidated, Inc. $COKE

GSG Advisors LLC bought a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,461 shares of the company’s stock, valued at approximately $363,000.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Coca-Cola Consolidated during the second quarter worth approximately $26,229,118,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Coca-Cola Consolidated in the second quarter valued at approximately $1,591,427,000. GQG Partners LLC acquired a new stake in shares of Coca-Cola Consolidated in the second quarter valued at approximately $1,494,498,000. Deutsche Bank AG bought a new position in Coca-Cola Consolidated in the 2nd quarter worth approximately $1,346,125,000. Finally, B. Metzler seel. Sohn & Co. AG acquired a new position in Coca-Cola Consolidated during the 2nd quarter worth $272,683,000. 48.24% of the stock is owned by institutional investors.

Coca-Cola Consolidated Price Performance

COKE opened at $189.10 on Monday. The company has a market cap of $12.59 billion, a price-to-earnings ratio of 25.08 and a beta of 0.55. The firm has a 50 day simple moving average of $185.00 and a 200 day simple moving average of $185.99. Coca-Cola Consolidated, Inc. has a fifty-two week low of $110.60 and a fifty-two week high of $219.65.

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

Coca-Cola Consolidated Dividend Announcement

The business 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. The ex-dividend date of this dividend was Friday, July 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. Coca-Cola Consolidated’s dividend payout ratio is 13.26%.

Wall Street Analyst Weigh In

Several research firms have recently commented on COKE. Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Wednesday, June 24th. Wall Street Zen cut Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Coca-Cola Consolidated presently has an average 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.