Royal Bank of Canada Has $3.99 Million Stock Position in Coca-Cola Consolidated, Inc. $COKE

Royal Bank of Canada lowered its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 41.2% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 20,807 shares of the company’s stock after selling 14,600 shares during the period. Royal Bank of Canada’s holdings in Coca-Cola Consolidated were worth $3,989,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in COKE. Quarry LP bought a new stake in Coca-Cola Consolidated in the 3rd quarter worth about $25,000. Advisory Services Network LLC purchased a new stake in Coca-Cola Consolidated during the third quarter worth about $25,000. Newbridge Financial Services Group Inc. raised its position in Coca-Cola Consolidated by 900.0% in the second quarter. Newbridge Financial Services Group Inc. now owns 230 shares of the company’s stock worth $26,000 after acquiring an additional 207 shares during the period. Geneos Wealth Management Inc. raised its position in Coca-Cola Consolidated by 900.0% in the second quarter. Geneos Wealth Management Inc. now owns 250 shares of the company’s stock worth $28,000 after acquiring an additional 225 shares during the period. Finally, Torren Management LLC purchased a new position in Coca-Cola Consolidated in the fourth quarter valued at about $29,000. Institutional investors own 48.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in 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 cut shares of Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Coca-Cola Consolidated has a consensus rating of “Buy”.

Coca-Cola Consolidated Stock Performance

COKE stock opened at $189.11 on Friday. The stock has a fifty day moving average of $184.81 and a 200-day moving average of $184.46. Coca-Cola Consolidated, Inc. has a fifty-two week low of $110.60 and a fifty-two week high of $219.65. The company has a market capitalization of $12.59 billion, a price-to-earnings ratio of 25.08 and a beta of 0.55.

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

Coca-Cola Consolidated Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Friday, July 24th were paid a $0.25 dividend. The ex-dividend date was Friday, July 24th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is presently 13.26%.

Coca-Cola Consolidated 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.