21,894 Shares in Coca-Cola Consolidated, Inc. $COKE Acquired by Western Wealth Management LLC

Western Wealth Management LLC purchased a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 21,894 shares of the company’s stock, valued at approximately $1,779,000.

A number of other institutional investors have also added to or reduced their stakes in COKE. BlackRock Inc. bought a new stake in shares of Coca-Cola Consolidated during the second quarter valued at approximately $26,229,118,000. Legal & General Group Plc bought a new position in shares of Coca-Cola Consolidated during the second quarter worth $1,978,267,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Coca-Cola Consolidated during the second quarter worth $1,591,427,000. GQG Partners LLC purchased a new position in Coca-Cola Consolidated during the second quarter valued at $1,494,498,000. Finally, Deutsche Bank AG purchased a new position in Coca-Cola Consolidated during the second quarter valued at $1,346,125,000. 48.24% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Stock Performance

NASDAQ COKE opened at $196.53 on Wednesday. The stock has a 50 day moving average price of $185.35 and a 200-day moving average price of $186.58. Coca-Cola Consolidated, Inc. has a one year low of $110.60 and a one year high of $219.65. The company has a market capitalization of $13.08 billion, a P/E ratio of 26.07 and a beta of 0.55.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $2.83 earnings per share 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 firm also recently announced a quarterly dividend, which was paid on Friday, August 7th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.5%. Coca-Cola Consolidated’s payout ratio is 13.26%.

Wall Street Analyst Weigh In

COKE has been the topic of several research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Wednesday, June 24th. Wall Street Zen lowered Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Coca-Cola Consolidated has an average rating of “Buy”.

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.