Coca-Cola Consolidated, Inc. $COKE Shares Bought by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp lifted its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 1,014.4% during the second quarter, Holdings Channel reports. The firm owned 64,960 shares of the company’s stock after acquiring an additional 59,131 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Coca-Cola Consolidated were worth $7,253,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in COKE. Semmax Financial Advisors Inc. purchased a new position in Coca-Cola Consolidated during the 1st quarter worth approximately $50,000. Freestone Capital Holdings LLC purchased a new stake in Coca-Cola Consolidated in the first quarter valued at approximately $217,000. Quantbot Technologies LP boosted its holdings in shares of Coca-Cola Consolidated by 212.1% in the first quarter. Quantbot Technologies LP now owns 181 shares of the company’s stock valued at $244,000 after acquiring an additional 123 shares during the period. Petrus Trust Company LTA acquired a new stake in shares of Coca-Cola Consolidated in the first quarter valued at approximately $248,000. Finally, Westbourne Investments Inc. purchased a new position in shares of Coca-Cola Consolidated during the first quarter worth approximately $256,000. 48.24% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Price Performance

Shares of COKE opened at $165.93 on Tuesday. The company has a current ratio of 2.04, a quick ratio of 1.79 and a debt-to-equity ratio of 0.88. The stock’s 50 day moving average is $146.05 and its two-hundred day moving average is $125.58. Coca-Cola Consolidated, Inc. has a twelve month low of $105.21 and a twelve month high of $168.80. The firm has a market capitalization of $14.18 billion, a PE ratio of 23.62 and a beta of 0.63.

Coca-Cola Consolidated Announces Dividend

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

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Consolidated in a report on Wednesday, December 10th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Coca-Cola Consolidated presently has a consensus rating of “Buy”.

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.