Uptick Partners LLC Takes Position in Coca-Cola Consolidated, Inc. $COKE

Uptick Partners LLC purchased a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the second quarter, HoldingsChannel reports. The firm purchased 10,340 shares of the company’s stock, valued at approximately $840,000.

Several other institutional investors have also recently bought and sold shares of COKE. BlackRock Inc. acquired a new position in Coca-Cola Consolidated during the 2nd quarter worth $26,229,118,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Coca-Cola Consolidated during the second quarter worth $1,591,427,000. Deutsche Bank AG bought a new stake in shares of Coca-Cola Consolidated during the second quarter worth $1,346,125,000. Commerzbank Aktiengesellschaft FI acquired a new position in shares of Coca-Cola Consolidated during the second quarter valued at $147,857,000. Finally, State Street Corp boosted its holdings in Coca-Cola Consolidated by 836.9% in the second quarter. State Street Corp now owns 1,729,065 shares of the company’s stock valued at $193,050,000 after acquiring an additional 1,544,516 shares during the last quarter. Institutional investors own 48.24% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Consolidated in a report on Wednesday, June 24th. Wall Street Zen downgraded shares of Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Coca-Cola Consolidated has a consensus rating of “Buy”.

Coca-Cola Consolidated Stock Down 1.0%

COKE stock opened at $186.84 on Thursday. Coca-Cola Consolidated, Inc. has a twelve month low of $110.60 and a twelve month high of $219.65. The company has a market cap of $12.44 billion, a P/E ratio of 24.78 and a beta of 0.55. The business’s fifty day moving average is $184.95 and its 200-day moving average is $185.50.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $2.83 EPS for the quarter. The business had revenue of $2.05 billion during 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 business also recently announced a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Friday, July 24th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, July 24th. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is 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.