Coca-Cola Consolidated, Inc. $COKE Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC lifted its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 76.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,039 shares of the company’s stock after purchasing an additional 7,834 shares during the period. HighTower Advisors LLC’s holdings in Coca-Cola Consolidated were worth $2,114,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in Coca-Cola Consolidated during the 2nd quarter worth approximately $280,669,000. Boston Partners grew its position in shares of Coca-Cola Consolidated by 942.2% during the second quarter. Boston Partners now owns 2,089,876 shares of the company’s stock worth $233,345,000 after acquiring an additional 1,889,358 shares during the last quarter. State Street Corp increased its holdings in shares of Coca-Cola Consolidated by 836.9% in the 2nd quarter. State Street Corp now owns 1,729,065 shares of the company’s stock valued at $193,050,000 after acquiring an additional 1,544,516 shares during the period. Geode Capital Management LLC increased its holdings in shares of Coca-Cola Consolidated by 882.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,302,088 shares of the company’s stock valued at $145,398,000 after acquiring an additional 1,169,611 shares during the period. Finally, AQR Capital Management LLC raised its position in Coca-Cola Consolidated by 1,270.8% in the 2nd quarter. AQR Capital Management LLC now owns 1,185,937 shares of the company’s stock valued at $131,906,000 after purchasing an additional 1,099,421 shares during the last quarter. 48.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Coca-Cola Consolidated Trading Up 1.5%

Shares of Coca-Cola Consolidated stock opened at $202.40 on Friday. The company has a 50-day moving average of $159.99 and a two-hundred day moving average of $143.50. Coca-Cola Consolidated, Inc. has a 12-month low of $105.21 and a 12-month high of $205.00. The company has a current ratio of 1.26, a quick ratio of 0.97 and a debt-to-equity ratio of 0.88. The stock has a market cap of $13.47 billion, a PE ratio of 29.69 and a beta of 0.64.

Coca-Cola Consolidated (NASDAQ:COKE) last released its quarterly earnings results on Wednesday, February 18th. The company reported $2.11 earnings per share for the quarter. Coca-Cola Consolidated had a return on equity of 66.42% and a net margin of 7.89%.The business had revenue of $1.90 billion for the quarter.

Coca-Cola Consolidated Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 6th. Investors of record on Friday, January 23rd were given a $0.25 dividend. The ex-dividend date was Friday, January 23rd. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. Coca-Cola Consolidated’s payout ratio is currently 14.66%.

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.