OMERS ADMINISTRATION Corp Makes New $106.59 Million Investment in Coca-Cola Consolidated, Inc. $COKE

OMERS ADMINISTRATION Corp bought a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,311,616 shares of the company’s stock, valued at approximately $106,595,000. OMERS ADMINISTRATION Corp owned approximately 1.97% of Coca-Cola Consolidated as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Ascentis Independent Advisors acquired a new position in Coca-Cola Consolidated during the first quarter valued at $31,000. Torren Management LLC purchased a new stake in Coca-Cola Consolidated in the 4th quarter worth about $29,000. Morse Asset Management Inc acquired a new stake in Coca-Cola Consolidated during the 4th quarter worth about $31,000. Ballast Advisors LLC acquired a new stake in Coca-Cola Consolidated during the 1st quarter worth about $38,000. Finally, Quarry LP purchased a new position in Coca-Cola Consolidated during the 3rd quarter valued at about $25,000. Institutional investors and hedge funds own 48.24% of the company’s stock.

Wall Street Analyst Weigh In

COKE has been the topic of a number of research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Wednesday, June 24th. Wall Street Zen cut shares of Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Coca-Cola Consolidated Stock Performance

Shares of NASDAQ:COKE opened at $189.10 on Monday. The firm has a market cap of $12.59 billion, a price-to-earnings ratio of 25.08 and a beta of 0.55. Coca-Cola Consolidated, Inc. has a 1 year low of $110.60 and a 1 year high of $219.65. The business has a fifty day simple moving average of $185.00 and a 200 day simple moving average of $185.99.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its earnings results on Wednesday, August 5th. The company reported $2.83 EPS for the quarter. Coca-Cola Consolidated had a negative return on equity of 1,041.59% and a net margin of 7.15%.The firm had revenue of $2.05 billion for the quarter.

Coca-Cola Consolidated Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Friday, July 24th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, July 24th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. Coca-Cola Consolidated’s payout ratio is presently 13.26%.

Coca-Cola Consolidated Profile

Founded in 1902 and headquartered in Charlotte, North Carolina, Coca-Cola Consolidated, Inc is the largest independent bottler of Coca-Cola products in the United States. The company manufactures, sells and distributes a broad portfolio of sparkling and still beverages under exclusive agreements with The Coca-Cola Company. Its brand lineup includes Coca-Cola, Diet Coke, Sprite and Fanta, as well as noncarbonated offerings such as Minute Maid juices, Gold Peak teas, Dasani water, Powerade sports drinks and vitaminwater.

Coca-Cola Consolidated’s operations span 14 states and the District of Columbia across the Southeastern, South Central and Mid-Atlantic regions.