Natixis Advisors LLC Buys 29,118 Shares of Coca-Cola Consolidated, Inc. $COKE

Natixis Advisors LLC grew its stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 27.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 136,224 shares of the company’s stock after acquiring an additional 29,118 shares during the period. Natixis Advisors LLC’s holdings in Coca-Cola Consolidated were worth $20,883,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Torren Management LLC bought a new position in shares of Coca-Cola Consolidated in the fourth quarter worth about $29,000. Morse Asset Management Inc bought a new position in shares of Coca-Cola Consolidated in the fourth quarter worth about $31,000. Quarry LP bought a new position in shares of Coca-Cola Consolidated in the third quarter worth about $25,000. Advisory Services Network LLC bought a new position in shares of Coca-Cola Consolidated in the third quarter worth about $25,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of Coca-Cola Consolidated by 175.0% in the third quarter. Smartleaf Asset Management LLC now owns 220 shares of the company’s stock worth $26,000 after acquiring an additional 140 shares during the last quarter. 48.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Friday, March 27th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy”.

Coca-Cola Consolidated Stock Up 5.7%

Shares of NASDAQ COKE opened at $179.91 on Friday. The stock has a market cap of $11.97 billion, a P/E ratio of 24.61 and a beta of 0.55. The firm has a 50 day moving average price of $185.72 and a 200 day moving average price of $175.29. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.91 and a current ratio of 1.23. Coca-Cola Consolidated, Inc. has a 52-week low of $105.44 and a 52-week high of $219.65.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.79 earnings per share (EPS) for the quarter. The firm had revenue of $1.71 billion during the quarter. Coca-Cola Consolidated had a net margin of 7.72% and a return on equity of 138.44%.

Coca-Cola Consolidated Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 24th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, April 24th. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. Coca-Cola Consolidated’s payout ratio is currently 13.68%.

Coca-Cola Consolidated Company Profile

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.