Osaic Holdings Inc. Acquires 13,639 Shares of Coca-Cola Consolidated, Inc. $COKE

Osaic Holdings Inc. lifted its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 732.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,501 shares of the company’s stock after buying an additional 13,639 shares during the quarter. Osaic Holdings Inc.’s holdings in Coca-Cola Consolidated were worth $1,808,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of COKE. Norges Bank purchased a new stake in Coca-Cola Consolidated in the second quarter worth $280,669,000. Boston Partners boosted its stake in shares of Coca-Cola Consolidated by 942.2% during the second quarter. Boston Partners now owns 2,089,876 shares of the company’s stock valued at $233,345,000 after purchasing an additional 1,889,358 shares during the period. State Street Corp grew its holdings in shares of Coca-Cola Consolidated by 836.9% in the second quarter. State Street Corp now owns 1,729,065 shares of the company’s stock worth $193,050,000 after purchasing an additional 1,544,516 shares during the last quarter. Diversified Trust Co increased its stake in Coca-Cola Consolidated by 900.0% in the 2nd quarter. Diversified Trust Co now owns 1,462,487 shares of the company’s stock worth $163,287,000 after buying an additional 1,316,233 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Coca-Cola Consolidated by 882.9% during the 2nd quarter. Geode Capital Management LLC now owns 1,302,088 shares of the company’s stock valued at $145,398,000 after buying an additional 1,169,611 shares in the last quarter. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Monday, December 22nd. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy”.

Coca-Cola Consolidated Stock Performance

COKE stock opened at $154.62 on Tuesday. Coca-Cola Consolidated, Inc. has a 1-year low of $105.21 and a 1-year high of $169.49. The business has a 50-day moving average price of $153.46 and a 200 day moving average price of $129.31. The company has a market capitalization of $13.21 billion, a P/E ratio of 22.01 and a beta of 0.63. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.79.

Coca-Cola Consolidated Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Friday, October 24th were issued a $0.25 dividend. The ex-dividend date was Friday, October 24th. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. Coca-Cola Consolidated’s payout ratio is currently 14.25%.

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.