RWA Wealth Partners LLC Acquires New Holdings in Coca-Cola Consolidated, Inc. $COKE

RWA Wealth Partners LLC bought a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,606 shares of the company’s stock, valued at approximately $305,000.

Several other hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in shares of Coca-Cola Consolidated in the 2nd quarter worth approximately $280,669,000. Boston Partners boosted its stake in Coca-Cola Consolidated by 942.2% in the second quarter. Boston Partners now owns 2,089,876 shares of the company’s stock valued at $233,345,000 after acquiring an additional 1,889,358 shares in the last quarter. State Street Corp boosted its stake 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 in the last quarter. Geode Capital Management LLC grew its holdings in Coca-Cola Consolidated by 882.9% in the second quarter. Geode Capital Management LLC now owns 1,302,088 shares of the company’s stock worth $145,398,000 after purchasing an additional 1,169,611 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Coca-Cola Consolidated by 1,270.8% during the second quarter. AQR Capital Management LLC now owns 1,185,937 shares of the company’s stock worth $131,906,000 after purchasing an additional 1,099,421 shares in the last quarter. 48.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Coca-Cola Consolidated has a consensus rating of “Buy”.

Coca-Cola Consolidated Trading Up 1.5%

NASDAQ COKE opened at $202.40 on Friday. The company has a fifty day simple moving average of $159.99 and a two-hundred day simple moving average of $143.50. The stock has a market cap of $13.47 billion, a P/E ratio of 29.69 and a beta of 0.64. Coca-Cola Consolidated, Inc. has a 12-month low of $105.21 and a 12-month high of $205.00. The company has a current ratio of 1.26, a quick ratio of 0.97 and a debt-to-equity ratio of 0.88.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $2.11 earnings per share for the quarter. Coca-Cola Consolidated had a net margin of 7.89% and a return on equity of 66.42%. The firm had revenue of $1.90 billion for the quarter.

Coca-Cola Consolidated Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 6th. Stockholders of record on Friday, January 23rd were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. Coca-Cola Consolidated’s dividend payout ratio is currently 14.66%.

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.