Van Hulzen Asset Management LLC Makes New Investment in Coca-Cola Consolidated, Inc. $COKE

Van Hulzen Asset Management LLC acquired a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the second quarter, Holdings Channel.com reports. The fund acquired 202,915 shares of the company’s stock, valued at approximately $16,491,000. Coca-Cola Consolidated accounts for approximately 1.2% of Van Hulzen Asset Management LLC’s portfolio, making the stock its 21st largest holding.

Other hedge funds also recently bought and sold shares of the company. Quarry LP acquired a new position in Coca-Cola Consolidated in the third quarter worth approximately $25,000. Advisory Services Network LLC bought a new position in Coca-Cola Consolidated in the 3rd quarter worth $25,000. J.Safra Asset Management Corp bought a new position in shares of Coca-Cola Consolidated in the second quarter worth about $26,000. Newbridge Financial Services Group Inc. increased its position in 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 period. Finally, Geneos Wealth Management Inc. raised its stake 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 purchasing an additional 225 shares during the last quarter. 48.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Coca-Cola Consolidated Price Performance

Coca-Cola Consolidated stock opened at $192.60 on Tuesday. The firm has a market capitalization of $12.82 billion, a P/E ratio of 25.54 and a beta of 0.55. The stock has a fifty day moving average price of $185.14 and a two-hundred day moving average price of $186.25. Coca-Cola Consolidated, Inc. has a 52-week low of $110.60 and a 52-week high of $219.65.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its earnings results on Wednesday, August 5th. The company reported $2.83 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. Shareholders of record on Friday, July 24th were given a $0.25 dividend. The ex-dividend date was Friday, July 24th. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. Coca-Cola Consolidated’s payout ratio is 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.