Valtrion Capital Management LLC Purchases Shares of 10,247 Coca-Cola Consolidated, Inc. $COKE

Valtrion Capital Management LLC purchased a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,247 shares of the company’s stock, valued at approximately $833,000. Coca-Cola Consolidated comprises 0.6% of Valtrion Capital Management LLC’s investment portfolio, making the stock its 26th biggest position.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. purchased a new stake in Coca-Cola Consolidated in the 2nd quarter valued at approximately $26,229,118,000. Legal & General Group Plc acquired a new stake in Coca-Cola Consolidated during the 2nd quarter valued at $1,978,267,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Coca-Cola Consolidated during the 2nd quarter valued at $1,591,427,000. GQG Partners LLC purchased a new position in Coca-Cola Consolidated during the second quarter worth $1,494,498,000. Finally, Deutsche Bank AG purchased a new position in Coca-Cola Consolidated during the second quarter worth $1,346,125,000. 48.24% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Trading Up 2.0%

Coca-Cola Consolidated stock opened at $196.53 on Wednesday. The firm has a market capitalization of $13.08 billion, a P/E ratio of 26.07 and a beta of 0.55. The stock has a fifty day moving average price of $185.35 and a 200 day moving average price of $186.58. Coca-Cola Consolidated, Inc. has a 52 week low of $110.60 and a 52 week high of $219.65.

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

Coca-Cola Consolidated Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Wall Street Zen cut Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

About Coca-Cola Consolidated

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.