12,081 Shares in Coca-Cola Consolidated, Inc. $COKE Acquired by one8zero8 LLC

one8zero8 LLC purchased a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,081 shares of the company’s stock, valued at approximately $982,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Ascentis Independent Advisors bought a new stake in shares of Coca-Cola Consolidated during the first quarter valued at approximately $31,000. Torren Management LLC bought a new position in shares of Coca-Cola Consolidated in the 4th quarter worth $29,000. Morse Asset Management Inc acquired a new stake in Coca-Cola Consolidated in the 4th quarter valued at $31,000. Ballast Advisors LLC bought a new stake in Coca-Cola Consolidated during the 1st quarter valued at $38,000. Finally, Quarry LP acquired a new position in Coca-Cola Consolidated during the third quarter worth $25,000. Institutional investors and hedge funds own 48.24% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on COKE. Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Consolidated in a report on Wednesday, June 24th. Wall Street Zen cut shares of Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Coca-Cola Consolidated Trading Down 1.0%

Shares of Coca-Cola Consolidated stock opened at $186.84 on Thursday. The stock has a fifty day simple moving average of $184.95 and a 200 day simple moving average of $185.50. Coca-Cola Consolidated, Inc. has a 12-month low of $110.60 and a 12-month high of $219.65. The company has a market capitalization of $12.44 billion, a P/E ratio of 24.78 and a beta of 0.55.

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

Coca-Cola Consolidated Announces Dividend

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

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.