OneAscent Family Office LLC Buys New Shares in Coca-Cola Consolidated, Inc. $COKE

OneAscent Family Office LLC bought a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,033 shares of the company’s stock, valued at approximately $897,000.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Coca-Cola Consolidated in the second quarter valued at $26,229,118,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Coca-Cola Consolidated during the 2nd quarter valued at $1,591,427,000. Deutsche Bank AG bought a new stake in shares of Coca-Cola Consolidated during the 2nd quarter worth $1,346,125,000. B. Metzler seel. Sohn & Co. AG bought a new stake in shares of Coca-Cola Consolidated during the 2nd quarter worth $272,683,000. Finally, Commerzbank Aktiengesellschaft FI acquired a new position in shares of Coca-Cola Consolidated in the 2nd quarter worth $147,857,000. 48.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

COKE has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report 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 investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Coca-Cola Consolidated Price Performance

Coca-Cola Consolidated stock opened at $187.60 on Friday. Coca-Cola Consolidated, Inc. has a fifty-two week low of $110.60 and a fifty-two week high of $219.65. The firm’s 50 day simple moving average is $184.97 and its 200-day simple moving average is $185.75. The company has a market cap of $12.49 billion, a P/E ratio of 24.88 and a beta of 0.55.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its quarterly earnings results 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 net margin of 7.15% and a negative return on equity of 1,041.59%.

Coca-Cola Consolidated Dividend Announcement

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