Choreo LLC Takes Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Choreo LLC bought a new position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 233 shares of the company’s stock, valued at approximately $258,000.

A number of other institutional investors have also added to or reduced their stakes in COKE. Signaturefd LLC grew its position in shares of Coca-Cola Consolidated by 15.3% in the 2nd quarter. Signaturefd LLC now owns 68 shares of the company’s stock valued at $74,000 after acquiring an additional 9 shares during the period. Inspire Investing LLC lifted its stake in Coca-Cola Consolidated by 3.1% in the 1st quarter. Inspire Investing LLC now owns 426 shares of the company’s stock valued at $361,000 after purchasing an additional 13 shares during the last quarter. Comerica Bank grew its holdings in Coca-Cola Consolidated by 0.9% during the fourth quarter. Comerica Bank now owns 1,554 shares of the company’s stock worth $1,442,000 after purchasing an additional 14 shares during the period. Cetera Advisors LLC increased its position in Coca-Cola Consolidated by 3.4% during the first quarter. Cetera Advisors LLC now owns 420 shares of the company’s stock worth $356,000 after buying an additional 14 shares during the last quarter. Finally, CWM LLC increased its position in Coca-Cola Consolidated by 17.4% during the second quarter. CWM LLC now owns 101 shares of the company’s stock worth $110,000 after buying an additional 15 shares during the last quarter. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Coca-Cola Consolidated news, major shareholder Cola Co Coca sold 598,619 shares of the company’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $925.00, for a total value of $553,722,575.00. Following the transaction, the insider now directly owns 1,883,546 shares of the company’s stock, valued at approximately $1,742,280,050. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Coca-Cola Consolidated Trading Up 0.3 %

COKE stock opened at $1,265.62 on Thursday. Coca-Cola Consolidated, Inc. has a one year low of $614.22 and a one year high of $1,376.84. The stock has a market cap of $11.86 billion, a price-to-earnings ratio of 26.06 and a beta of 0.82. The company has a fifty day moving average price of $1,235.86 and a two-hundred day moving average price of $1,032.46. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.97 and a quick ratio of 1.75.

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

Coca-Cola Consolidated Dividend Announcement

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

About Coca-Cola Consolidated

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.