Csenge Advisory Group Makes New $217,000 Investment in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Csenge Advisory Group purchased a new position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 200 shares of the company’s stock, valued at approximately $217,000.

Several other hedge funds also recently bought and sold shares of COKE. Raymond James Financial Services Advisors Inc. increased its position in Coca-Cola Consolidated by 29.8% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 967 shares of the company’s stock worth $898,000 after buying an additional 222 shares in the last quarter. Nisa Investment Advisors LLC increased its position in Coca-Cola Consolidated by 48.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 308 shares of the company’s stock worth $286,000 after buying an additional 100 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Coca-Cola Consolidated during the fourth quarter worth $174,971,000. Mutual of America Capital Management LLC increased its position in Coca-Cola Consolidated by 14.5% during the fourth quarter. Mutual of America Capital Management LLC now owns 8,193 shares of the company’s stock worth $7,606,000 after buying an additional 1,037 shares in the last quarter. Finally, Louisiana State Employees Retirement System purchased a new position in Coca-Cola Consolidated during the fourth quarter worth $1,207,000. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Insider Activity

In other Coca-Cola Consolidated news, major shareholder Cola Co Coca sold 598,619 shares of the business’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $925.00, for a total transaction of $553,722,575.00. Following the completion of the sale, the insider now owns 1,883,546 shares of the company’s stock, valued at $1,742,280,050. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Coca-Cola Consolidated Trading Down 0.1 %

Shares of NASDAQ:COKE traded down $1.84 during midday trading on Friday, reaching $1,257.99. The company’s stock had a trading volume of 8,024 shares, compared to its average volume of 54,392. The firm has a market cap of $11.79 billion, a price-to-earnings ratio of 25.94 and a beta of 0.78. The company has a quick ratio of 1.47, a current ratio of 1.97 and a debt-to-equity ratio of 1.50. Coca-Cola Consolidated, Inc. has a 1 year low of $614.22 and a 1 year high of $1,305.78. The business has a 50 day moving average price of $1,082.71 and a 200 day moving average price of $941.35.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its quarterly earnings data on Monday, May 6th. The company reported $17.31 EPS for the quarter. The business had revenue of $1.59 billion during the quarter. Coca-Cola Consolidated had a return on equity of 44.83% and a net margin of 7.52%.

Coca-Cola Consolidated Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, July 26th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date of this dividend is Friday, July 26th. Coca-Cola Consolidated’s dividend payout ratio is currently 4.12%.

Analyst Upgrades and Downgrades

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

Coca-Cola Consolidated Profile

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.