Coca-Cola Consolidated, Inc. $COKE Shares Purchased by Lido Advisors LLC

Lido Advisors LLC boosted its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 1,175.8% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 5,843 shares of the company’s stock after acquiring an additional 5,385 shares during the quarter. Lido Advisors LLC’s holdings in Coca-Cola Consolidated were worth $652,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Resona Asset Management Co. Ltd. raised its position in Coca-Cola Consolidated by 900.0% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 4,550 shares of the company’s stock worth $508,000 after buying an additional 4,095 shares during the last quarter. Maryland State Retirement & Pension System raised its holdings in shares of Coca-Cola Consolidated by 900.0% during the second quarter. Maryland State Retirement & Pension System now owns 2,820 shares of the company’s stock worth $315,000 after purchasing an additional 2,538 shares during the last quarter. Davis Investment Partners LLC lifted its position in Coca-Cola Consolidated by 980.0% during the second quarter. Davis Investment Partners LLC now owns 5,400 shares of the company’s stock valued at $624,000 after purchasing an additional 4,900 shares during the period. Norges Bank purchased a new stake in Coca-Cola Consolidated in the second quarter valued at $280,669,000. Finally, Legal & General Group Plc grew its position in Coca-Cola Consolidated by 911.1% during the 2nd quarter. Legal & General Group Plc now owns 115,463 shares of the company’s stock worth $12,891,000 after purchasing an additional 104,044 shares during the period. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Trading Up 1.4%

Shares of Coca-Cola Consolidated stock opened at $168.08 on Friday. The firm has a 50-day simple moving average of $140.62 and a two-hundred day simple moving average of $130.60. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.79 and a current ratio of 2.04. Coca-Cola Consolidated, Inc. has a fifty-two week low of $105.21 and a fifty-two week high of $168.21. The company has a market cap of $14.36 billion, a P/E ratio of 23.93 and a beta of 0.63.

Coca-Cola Consolidated Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Friday, October 24th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Friday, October 24th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is presently 14.25%.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Coca-Cola Consolidated from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

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.