Silver Oak Securities Incorporated Buys Shares of 6,113 Coca-Cola Consolidated, Inc. $COKE

Silver Oak Securities Incorporated purchased a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 6,113 shares of the company’s stock, valued at approximately $716,000.

Other hedge funds have also modified their holdings of the company. Jacobs Levy Equity Management Inc. purchased a new stake in Coca-Cola Consolidated in the 1st quarter valued at about $1,187,000. NewEdge Advisors LLC boosted its stake in Coca-Cola Consolidated by 8.6% during the first quarter. NewEdge Advisors LLC now owns 2,839 shares of the company’s stock worth $3,833,000 after buying an additional 224 shares during the period. Petrus Trust Company LTA acquired a new stake in shares of Coca-Cola Consolidated during the first quarter valued at about $248,000. Jones Financial Companies Lllp raised its stake in shares of Coca-Cola Consolidated by 265,541.3% in the 1st quarter. Jones Financial Companies Lllp now owns 502,062 shares of the company’s stock valued at $677,784,000 after acquiring an additional 501,873 shares during the period. Finally, Caxton Associates LLP acquired a new position in shares of Coca-Cola Consolidated in the 1st quarter worth approximately $767,000. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Coca-Cola Consolidated has an average rating of “Buy”.

Coca-Cola Consolidated Stock Down 2.3%

Shares of NASDAQ:COKE opened at $149.84 on Friday. The firm has a market capitalization of $12.80 billion, a PE ratio of 21.33 and a beta of 0.65. Coca-Cola Consolidated, Inc. has a 1 year low of $105.21 and a 1 year high of $169.49. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.79. The firm’s 50-day moving average is $155.33 and its two-hundred day moving average is $130.43.

Coca-Cola Consolidated Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Friday, October 24th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, October 24th. Coca-Cola Consolidated’s dividend payout ratio is presently 14.25%.

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.