MSH Capital Advisors LLC Makes New $6 Million Investment in Coca-Cola Consolidated, Inc. $COKE

MSH Capital Advisors LLC acquired a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 73,805 shares of the company’s stock, valued at approximately $5,998,000. Coca-Cola Consolidated makes up 1.0% of MSH Capital Advisors LLC’s portfolio, making the stock its 15th largest position.

A number of other hedge funds have also recently made changes to their positions in COKE. Puzo Michael J bought a new position in shares of Coca-Cola Consolidated in the second quarter worth about $319,000. Live Oak Investment Partners purchased a new position in Coca-Cola Consolidated in the 2nd quarter worth approximately $1,062,000. Frazier Financial Advisors LLC bought a new position in Coca-Cola Consolidated in the 2nd quarter worth approximately $134,000. Bell & Brown Wealth Advisors LLC bought a new position in Coca-Cola Consolidated in the 2nd quarter worth approximately $3,783,000. Finally, Northcape Wealth Management LLC purchased a new stake in Coca-Cola Consolidated during the 2nd quarter valued at approximately $3,534,000. Institutional investors own 48.24% of the company’s stock.

Wall Street Analysts Forecast Growth

COKE has been the topic of a number of research reports. Wall Street Zen downgraded shares of Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Coca-Cola Consolidated Stock Performance

Shares of COKE opened at $186.84 on Thursday. The company’s fifty day moving average is $184.95 and its 200 day moving average is $185.50. Coca-Cola Consolidated, Inc. has a fifty-two week low of $110.60 and a fifty-two week high of $219.65. The stock has a market capitalization of $12.44 billion, a PE ratio of 24.78 and a beta of 0.55.

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

Coca-Cola Consolidated Dividend Announcement

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

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.