Coca-Cola Consolidated, Inc. $COKE Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 1,233.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,310 shares of the company’s stock after acquiring an additional 18,787 shares during the period. Russell Investments Group Ltd.’s holdings in Coca-Cola Consolidated were worth $2,268,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of COKE. CW Advisors LLC grew its position in shares of Coca-Cola Consolidated by 5.4% during the first quarter. CW Advisors LLC now owns 194 shares of the company’s stock worth $262,000 after buying an additional 10 shares in the last quarter. Resona Asset Management Co. Ltd. grew its holdings in Coca-Cola Consolidated by 2.7% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 455 shares of the company’s stock worth $614,000 after acquiring an additional 12 shares in the last quarter. Kovitz Investment Group Partners LLC raised its holdings in shares of Coca-Cola Consolidated by 1.9% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 952 shares of the company’s stock valued at $1,285,000 after purchasing an additional 18 shares in the last quarter. Glenview Trust co lifted its position in shares of Coca-Cola Consolidated by 8.2% during the 1st quarter. Glenview Trust co now owns 277 shares of the company’s stock worth $374,000 after purchasing an additional 21 shares during the last quarter. Finally, Semmax Financial Advisors Inc. purchased a new stake in shares of Coca-Cola Consolidated during the 1st quarter worth $50,000. 48.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Coca-Cola Consolidated Stock Performance

Shares of COKE opened at $163.23 on Wednesday. The company has a quick ratio of 1.79, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. Coca-Cola Consolidated, Inc. has a 52-week low of $105.21 and a 52-week high of $168.21. The company has a 50-day simple moving average of $142.50 and a 200-day simple moving average of $131.42. The company has a market capitalization of $13.95 billion, a PE ratio of 23.24 and a beta of 0.63.

Coca-Cola Consolidated Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Friday, October 24th were issued a $0.25 dividend. The ex-dividend date was Friday, October 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. Coca-Cola Consolidated’s dividend payout ratio is currently 14.25%.

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.