Impact Partnership Wealth LLC Invests $512,000 in Coca-Cola Consolidated, Inc. $COKE

Impact Partnership Wealth LLC bought a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,582 shares of the company’s stock, valued at approximately $512,000.

Several other large investors have also recently made changes to their positions in COKE. OLD Point Trust & Financial Services N A increased its holdings in shares of Coca-Cola Consolidated by 900.0% in the second quarter. OLD Point Trust & Financial Services N A now owns 280 shares of the company’s stock worth $31,000 after purchasing an additional 252 shares during the last quarter. Harbour Investments Inc. increased its holdings in shares of Coca-Cola Consolidated by 1,071.4% in the second quarter. Harbour Investments Inc. now owns 328 shares of the company’s stock worth $37,000 after purchasing an additional 300 shares during the last quarter. Beacon Capital Management LLC increased its holdings in shares of Coca-Cola Consolidated by 905.0% in the second quarter. Beacon Capital Management LLC now owns 402 shares of the company’s stock worth $45,000 after purchasing an additional 362 shares during the last quarter. Sound Income Strategies LLC increased its holdings in shares of Coca-Cola Consolidated by 905.0% in the second quarter. Sound Income Strategies LLC now owns 402 shares of the company’s stock worth $45,000 after purchasing an additional 362 shares during the last quarter. Finally, Wayfinding Financial LLC bought a new stake in shares of Coca-Cola Consolidated in the first quarter worth about $46,000. 48.24% of the stock is owned by institutional investors.

Coca-Cola Consolidated Trading Up 3.5%

COKE opened at $132.49 on Friday. The firm has a market cap of $11.51 billion, a P/E ratio of 18.86 and a beta of 0.70. Coca-Cola Consolidated, Inc. has a 12 month low of $105.21 and a 12 month high of $146.09. The company has a current ratio of 2.04, a quick ratio of 1.78 and a debt-to-equity ratio of 0.88. The stock has a 50-day moving average of $121.37 and a 200 day moving average of $125.57.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its earnings results on Wednesday, October 29th. The company reported $2.06 earnings per share (EPS) for the quarter. Coca-Cola Consolidated had a return on equity of 44.03% and a net margin of 8.66%.The business had revenue of $1.89 billion during the quarter.

Coca-Cola Consolidated Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, October 24th will be issued a $0.25 dividend. The ex-dividend date is Friday, October 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.8%. Coca-Cola Consolidated’s payout ratio is presently 14.25%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Wall Street Zen upgraded Coca-Cola Consolidated from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Weiss Ratings upgraded Coca-Cola Consolidated from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy”.

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.