233 Shares in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Acquired by Choreo LLC

Choreo LLC acquired a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the 2nd quarter, HoldingsChannel reports. The firm acquired 233 shares of the company’s stock, valued at approximately $258,000.

Other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC raised its holdings in shares of Coca-Cola Consolidated by 15.3% during the 2nd quarter. Signaturefd LLC now owns 68 shares of the company’s stock worth $74,000 after buying an additional 9 shares in the last quarter. Inspire Investing LLC boosted its stake in Coca-Cola Consolidated by 3.1% in the first quarter. Inspire Investing LLC now owns 426 shares of the company’s stock valued at $361,000 after buying an additional 13 shares in the last quarter. Comerica Bank grew its position in Coca-Cola Consolidated by 0.9% in the fourth quarter. Comerica Bank now owns 1,554 shares of the company’s stock valued at $1,442,000 after acquiring an additional 14 shares during the last quarter. Cetera Advisors LLC raised its stake in Coca-Cola Consolidated by 3.4% during the first quarter. Cetera Advisors LLC now owns 420 shares of the company’s stock worth $356,000 after acquiring an additional 14 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of Coca-Cola Consolidated by 17.4% in the second quarter. CWM LLC now owns 101 shares of the company’s stock worth $110,000 after acquiring an additional 15 shares during the last quarter. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Consolidated Stock Performance

NASDAQ COKE opened at $1,265.62 on Thursday. Coca-Cola Consolidated, Inc. has a fifty-two week low of $614.22 and a fifty-two week high of $1,376.84. The stock has a market cap of $11.86 billion, a PE ratio of 26.06 and a beta of 0.82. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.75 and a current ratio of 1.97. The firm’s fifty day moving average price is $1,235.86 and its two-hundred day moving average price is $1,032.46.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $20.71 earnings per share for the quarter. The business had revenue of $1.80 billion for the quarter. Coca-Cola Consolidated had a return on equity of 44.83% and a net margin of 7.52%.

Coca-Cola Consolidated Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.16%. The ex-dividend date of this dividend was Friday, July 26th. Coca-Cola Consolidated’s dividend payout ratio is currently 20.59%.

Insider Activity at Coca-Cola Consolidated

In other Coca-Cola Consolidated news, major shareholder Cola Co Coca sold 598,619 shares of the company’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $925.00, for a total value of $553,722,575.00. Following the completion of the transaction, the insider now directly owns 1,883,546 shares in the company, valued at approximately $1,742,280,050. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Coca-Cola Consolidated from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 23rd.

About Coca-Cola Consolidated

Coca-Cola Consolidated, Inc, together with its subsidiaries, manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages; and still beverages, including energy products, as well as noncarbonated beverages comprising bottled water, ready to drink coffee and tea, enhanced water, juices, and sports drinks.