Commerzbank Aktiengesellschaft FI Takes Position in Coca-Cola Consolidated, Inc. $COKE

Commerzbank Aktiengesellschaft FI purchased a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,819,326 shares of the company’s stock, valued at approximately $147,857,000. Coca-Cola Consolidated accounts for approximately 3.0% of Commerzbank Aktiengesellschaft FI’s portfolio, making the stock its 11th biggest holding. Commerzbank Aktiengesellschaft FI owned 2.73% of Coca-Cola Consolidated as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Quarry LP purchased a new position in Coca-Cola Consolidated during the third quarter valued at $25,000. Advisory Services Network LLC purchased a new stake in shares of Coca-Cola Consolidated during the third quarter worth about $25,000. J.Safra Asset Management Corp purchased a new stake in shares of Coca-Cola Consolidated during the second quarter worth about $26,000. Newbridge Financial Services Group Inc. raised its position in shares of Coca-Cola Consolidated by 900.0% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 230 shares of the company’s stock worth $26,000 after purchasing an additional 207 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its position in shares of Coca-Cola Consolidated by 900.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 250 shares of the company’s stock worth $28,000 after purchasing an additional 225 shares during the last quarter. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Consolidated Stock Down 1.5%

Shares of COKE stock opened at $186.21 on Tuesday. Coca-Cola Consolidated, Inc. has a 52-week low of $110.60 and a 52-week high of $219.65. The stock’s 50-day moving average price is $184.96 and its 200 day moving average price is $184.96. The stock has a market capitalization of $12.39 billion, a PE ratio of 24.70 and a beta of 0.55.

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

Coca-Cola Consolidated Dividend Announcement

The firm 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 was Friday, July 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. Coca-Cola Consolidated’s payout ratio is 13.26%.

Analyst Ratings Changes

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

About Coca-Cola Consolidated

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.