Coca-Cola Consolidated, Inc. $COKE Shares Purchased by Patten & Patten Inc. TN

Patten & Patten Inc. TN lifted its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 898.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,207 shares of the company’s stock after acquiring an additional 1,986 shares during the period. Patten & Patten Inc. TN’s holdings in Coca-Cola Consolidated were worth $246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in COKE. Farther Finance Advisors LLC boosted its stake in shares of Coca-Cola Consolidated by 27.4% in the first quarter. Farther Finance Advisors LLC now owns 200 shares of the company’s stock worth $278,000 after acquiring an additional 43 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Coca-Cola Consolidated by 29.8% in the first quarter. GAMMA Investing LLC now owns 135 shares of the company’s stock worth $182,000 after acquiring an additional 31 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of Coca-Cola Consolidated by 40.9% in the first quarter. Fifth Third Bancorp now owns 62 shares of the company’s stock worth $84,000 after acquiring an additional 18 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Coca-Cola Consolidated by 29.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,658 shares of the company’s stock worth $2,238,000 after acquiring an additional 374 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its stake in shares of Coca-Cola Consolidated by 6.1% in the first quarter. Exchange Traded Concepts LLC now owns 591 shares of the company’s stock worth $798,000 after acquiring an additional 34 shares during the last quarter. 48.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on COKE. Wall Street Zen raised Coca-Cola Consolidated from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Weiss Ratings raised Coca-Cola Consolidated from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Coca-Cola Consolidated Stock Performance

NASDAQ COKE opened at $130.59 on Friday. Coca-Cola Consolidated, Inc. has a fifty-two week low of $105.21 and a fifty-two week high of $146.09. The stock’s fifty day moving average is $118.56 and its two-hundred day moving average is $125.99. The firm has a market capitalization of $11.35 billion, a P/E ratio of 19.49 and a beta of 0.70. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.78 and a current ratio of 2.04.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its quarterly earnings results on Thursday, July 24th. The company reported $2.24 EPS for the quarter. Coca-Cola Consolidated had a return on equity of 44.91% and a net margin of 8.43%.The business had revenue of $1.86 billion for the quarter.

Coca-Cola Consolidated Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, October 24th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, October 24th. Coca-Cola Consolidated’s dividend payout ratio is 14.93%.

Coca-Cola Consolidated Profile

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.