8,684 Shares in Coca-Cola Consolidated, Inc. $COKE Acquired by SGL Investment Advisors Inc.

SGL Investment Advisors Inc. acquired a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 8,684 shares of the company’s stock, valued at approximately $754,000.

A number of other large investors have also made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Coca-Cola Consolidated in the 2nd quarter valued at approximately $26,229,118,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Coca-Cola Consolidated during the second quarter worth $1,591,427,000. Deutsche Bank AG acquired a new position in Coca-Cola Consolidated in the 2nd quarter worth $1,346,125,000. Vanguard Group Inc. lifted its stake in Coca-Cola Consolidated by 6.4% in the 4th quarter. Vanguard Group Inc. now owns 5,686,058 shares of the company’s stock valued at $871,673,000 after acquiring an additional 341,374 shares in the last quarter. Finally, Boston Partners grew its stake in shares of Coca-Cola Consolidated by 7.8% during the 4th quarter. Boston Partners now owns 2,329,643 shares of the company’s stock worth $357,091,000 after acquiring an additional 169,555 shares in the last quarter. Institutional investors own 48.24% of the company’s stock.

Wall Street Analyst Weigh In

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

Coca-Cola Consolidated Price Performance

NASDAQ:COKE opened at $187.60 on Friday. Coca-Cola Consolidated, Inc. has a one year low of $110.60 and a one year high of $219.65. The company has a market cap of $12.49 billion, a P/E ratio of 24.88 and a beta of 0.55. The firm’s fifty day moving average price is $184.97 and its two-hundred day moving average price is $185.75.

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

Coca-Cola Consolidated Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Friday, July 24th were paid a dividend of $0.25 per share. 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 dividend payout ratio (DPR) is 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.