200 Shares in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Acquired by SkyOak Wealth LLC

SkyOak Wealth LLC bought a new position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 200 shares of the company’s stock, valued at approximately $217,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EntryPoint Capital LLC acquired a new position in shares of Coca-Cola Consolidated in the 1st quarter worth approximately $30,000. Quest Partners LLC purchased a new position in shares of Coca-Cola Consolidated during the fourth quarter worth $31,000. EverSource Wealth Advisors LLC grew its stake in shares of Coca-Cola Consolidated by 102.9% in the first quarter. EverSource Wealth Advisors LLC now owns 69 shares of the company’s stock valued at $57,000 after buying an additional 35 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Coca-Cola Consolidated by 137.0% in the 2nd quarter. GAMMA Investing LLC now owns 64 shares of the company’s stock valued at $69,000 after buying an additional 37 shares during the period. Finally, CWM LLC lifted its stake in Coca-Cola Consolidated by 30.3% during the 1st quarter. CWM LLC now owns 86 shares of the company’s stock worth $73,000 after acquiring an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Coca-Cola Consolidated from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 23rd.

Coca-Cola Consolidated Stock Performance

Shares of COKE stock opened at $1,265.62 on Thursday. The firm has a 50 day moving average of $1,235.86 and a two-hundred day moving average of $1,032.46. The stock has a market capitalization of $11.86 billion, a PE ratio of 26.06 and a beta of 0.82. The company has a quick ratio of 1.75, a current ratio of 1.97 and a debt-to-equity ratio of 1.50. Coca-Cola Consolidated, Inc. has a 52 week low of $614.22 and a 52 week high of $1,376.84.

Coca-Cola Consolidated (NASDAQ:COKE) last released its earnings results on Wednesday, July 31st. The company reported $20.71 earnings per share (EPS) for the quarter. Coca-Cola Consolidated had a return on equity of 44.83% and a net margin of 7.52%. The firm had revenue of $1.80 billion during the quarter.

Coca-Cola Consolidated Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date of this dividend was Friday, July 26th. Coca-Cola Consolidated’s dividend payout ratio is presently 20.59%.

Insider Transactions at Coca-Cola Consolidated

In related news, major shareholder Cola Co Coca sold 598,619 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $925.00, for a total value of $553,722,575.00. Following the sale, the insider now owns 1,883,546 shares of the company’s stock, valued at $1,742,280,050. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Coca-Cola Consolidated Company Profile

Coca-Cola Consolidated, Inc, together with its subsidiaries, manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages; and still beverages, including energy products, as well as noncarbonated beverages comprising bottled water, ready to drink coffee and tea, enhanced water, juices, and sports drinks.