Edmond DE Rothschild Holding S.A. Buys New Shares in Coca-Cola Consolidated, Inc. $COKE

Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the second quarter, Holdings Channel reports. The fund purchased 414,137 shares of the company’s stock, valued at approximately $33,657,000.

A number of other large investors have also recently bought and sold shares of COKE. Ascentis Independent Advisors bought a new position in shares of Coca-Cola Consolidated in the 1st quarter worth about $31,000. Torren Management LLC bought a new stake in shares of Coca-Cola Consolidated during the 4th quarter valued at about $29,000. Morse Asset Management Inc bought a new stake in shares of Coca-Cola Consolidated during the 4th quarter valued at about $31,000. Ballast Advisors LLC acquired a new stake in Coca-Cola Consolidated during the first quarter worth approximately $38,000. Finally, Quarry LP acquired a new stake in Coca-Cola Consolidated during the third quarter worth approximately $25,000. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on COKE. Wall Street Zen downgraded Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Wednesday, June 24th. 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 Trading Down 1.0%

Shares of NASDAQ COKE opened at $186.84 on Thursday. The firm’s 50-day moving average price is $184.95 and its 200-day moving average price is $185.50. Coca-Cola Consolidated, Inc. has a 1-year low of $110.60 and a 1-year high of $219.65. The firm has a market capitalization of $12.44 billion, a P/E ratio of 24.78 and a beta of 0.55.

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

Coca-Cola Consolidated Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Friday, July 24th were issued a $0.25 dividend. The ex-dividend date was Friday, July 24th. This represents a $1.00 annualized dividend and a yield of 0.5%. Coca-Cola Consolidated’s dividend payout ratio 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.