Osmosis Investment Management UK Ltd Invests $16.77 Million in Coca-Cola Consolidated, Inc. $COKE

Osmosis Investment Management UK Ltd bought a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 206,323 shares of the company’s stock, valued at approximately $16,768,000. Coca-Cola Consolidated comprises about 0.8% of Osmosis Investment Management UK Ltd’s investment portfolio, making the stock its 23rd biggest position.

A number of other hedge funds also recently bought and sold shares of COKE. Sanctuary Advisors LLC bought a new position in Coca-Cola Consolidated during the 2nd quarter valued at approximately $43,044,000. Covington Investment Advisors Inc. purchased a new stake in Coca-Cola Consolidated in the 2nd quarter worth approximately $5,859,000. Saranac Partners Ltd purchased a new stake in Coca-Cola Consolidated in the 2nd quarter worth approximately $597,000. Solstein Capital LLC bought a new stake in shares of Coca-Cola Consolidated in the 2nd quarter worth approximately $291,000. Finally, Polymer Capital Management HK LTD bought a new stake in shares of Coca-Cola Consolidated in the 2nd quarter worth approximately $3,099,000. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Coca-Cola Consolidated Price Performance

Shares of NASDAQ COKE opened at $189.10 on Monday. Coca-Cola Consolidated, Inc. has a 1 year low of $110.60 and a 1 year high of $219.65. The stock has a market capitalization of $12.59 billion, a P/E ratio of 25.08 and a beta of 0.55. The company’s 50-day moving average is $185.00 and its 200 day moving average is $185.99.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.83 EPS for the quarter. The business 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 Dividend Announcement

The company also recently announced 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 presently 13.26%.

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.