Inspire Investing LLC Buys 13 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Inspire Investing LLC raised its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 3.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 426 shares of the company’s stock after purchasing an additional 13 shares during the quarter. Inspire Investing LLC’s holdings in Coca-Cola Consolidated were worth $361,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC grew its position in Coca-Cola Consolidated by 98.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 2,326 shares of the company’s stock valued at $2,160,000 after purchasing an additional 1,153 shares in the last quarter. Ontario Teachers Pension Plan Board increased its holdings in Coca-Cola Consolidated by 295.1% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 5,014 shares of the company’s stock worth $4,655,000 after buying an additional 3,745 shares during the last quarter. BNP Paribas Financial Markets raised its position in Coca-Cola Consolidated by 27.7% during the first quarter. BNP Paribas Financial Markets now owns 6,366 shares of the company’s stock worth $5,388,000 after acquiring an additional 1,380 shares in the last quarter. Hancock Whitney Corp lifted its stake in Coca-Cola Consolidated by 12.3% in the fourth quarter. Hancock Whitney Corp now owns 13,187 shares of the company’s stock valued at $12,243,000 after acquiring an additional 1,444 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Coca-Cola Consolidated by 3.5% in the 3rd quarter. Vanguard Group Inc. now owns 580,785 shares of the company’s stock valued at $369,565,000 after acquiring an additional 19,877 shares during the period. Institutional investors own 48.24% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut Coca-Cola Consolidated from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 23rd.

Coca-Cola Consolidated Stock Up 1.6 %

Coca-Cola Consolidated stock opened at $1,083.44 on Wednesday. Coca-Cola Consolidated, Inc. has a twelve month low of $614.22 and a twelve month high of $1,134.49. The stock has a market cap of $10.15 billion, a P/E ratio of 22.31 and a beta of 0.78. The company’s 50-day moving average price is $1,017.12 and its two-hundred day moving average price is $911.74. The company has a quick ratio of 1.47, a current ratio of 1.87 and a debt-to-equity ratio of 0.38.

Coca-Cola Consolidated (NASDAQ:COKE) last posted its quarterly earnings data on Monday, May 6th. The company reported $17.31 earnings per share (EPS) for the quarter. Coca-Cola Consolidated had a net margin of 6.83% and a return on equity of 42.10%. The firm had revenue of $1.59 billion during the quarter.

Coca-Cola Consolidated Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, July 26th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date of this dividend is Friday, July 26th. Coca-Cola Consolidated’s dividend payout ratio is 4.12%.

Insider Activity at Coca-Cola Consolidated

In other news, major shareholder Cola Co Coca sold 598,619 shares of the company’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $925.00, for a total transaction of $553,722,575.00. Following the completion of the transaction, the insider now directly owns 1,883,546 shares in the company, valued at $1,742,280,050. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

About Coca-Cola Consolidated

Coca-Cola Consolidated, Inc, together with its subsidiaries, manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages; and still beverages, including energy products, as well as noncarbonated beverages comprising bottled water, ready to drink coffee and tea, enhanced water, juices, and sports drinks.