Roberts Glore & Co. Inc. IL Makes New Investment in Coca-Cola Consolidated, Inc. $COKE

Roberts Glore & Co. Inc. IL purchased a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 19,333 shares of the company’s stock, valued at approximately $1,571,000.

Other large investors have also made changes to their positions in the company. Biglari Capital CORP. acquired a new position in Coca-Cola Consolidated in the 2nd quarter valued at about $9,752,000. Ascentis Independent Advisors acquired a new stake in shares of Coca-Cola Consolidated during the 1st quarter worth about $31,000. Torren Management LLC purchased a new stake in shares of Coca-Cola Consolidated during the fourth quarter worth about $29,000. Morse Asset Management Inc purchased a new stake in shares of Coca-Cola Consolidated during the fourth quarter worth about $31,000. Finally, Ballast Advisors LLC acquired a new position in shares of Coca-Cola Consolidated in the first quarter valued at approximately $38,000. Institutional investors and hedge funds own 48.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Consolidated in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy”.

Coca-Cola Consolidated Price Performance

NASDAQ COKE opened at $196.53 on Wednesday. The company has a market cap of $13.08 billion, a P/E ratio of 26.07 and a beta of 0.55. Coca-Cola Consolidated, Inc. has a 12 month low of $110.60 and a 12 month high of $219.65. The company has a 50-day moving average of $185.35 and a 200-day moving average of $186.58.

Coca-Cola Consolidated (NASDAQ:COKE) last released its earnings results on Wednesday, August 5th. The company reported $2.83 earnings per share (EPS) for the quarter. Coca-Cola Consolidated had a net margin of 7.15% and a negative return on equity of 1,041.59%. The business had revenue of $2.05 billion for the quarter.

Coca-Cola Consolidated Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Friday, July 24th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Friday, July 24th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is 13.26%.

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.