Axxcess Wealth Management LLC Boosts Holdings in Coca-Cola Consolidated, Inc. $COKE

Axxcess Wealth Management LLC boosted its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 831.5% in the second quarter, HoldingsChannel reports. The fund owned 2,189 shares of the company’s stock after purchasing an additional 1,954 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Coca-Cola Consolidated were worth $244,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Linden Thomas Advisory Services LLC lifted its position in Coca-Cola Consolidated by 3.5% during the first quarter. Linden Thomas Advisory Services LLC now owns 265 shares of the company’s stock valued at $358,000 after acquiring an additional 9 shares during the last quarter. Monument Capital Management lifted its position in Coca-Cola Consolidated by 0.3% during the first quarter. Monument Capital Management now owns 3,955 shares of the company’s stock valued at $5,339,000 after acquiring an additional 10 shares during the last quarter. HBK Sorce Advisory LLC lifted its position in Coca-Cola Consolidated by 2.9% during the first quarter. HBK Sorce Advisory LLC now owns 357 shares of the company’s stock valued at $481,000 after acquiring an additional 10 shares during the last quarter. CW Advisors LLC lifted its position in Coca-Cola Consolidated by 5.4% during the first quarter. CW Advisors LLC now owns 194 shares of the company’s stock valued at $262,000 after acquiring an additional 10 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. lifted its position in Coca-Cola Consolidated by 2.7% during the first quarter. Resona Asset Management Co. Ltd. now owns 455 shares of the company’s stock valued at $614,000 after acquiring an additional 12 shares during the last quarter. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on COKE. Wall Street Zen raised shares of Coca-Cola Consolidated from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Weiss Ratings raised shares of Coca-Cola Consolidated from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Coca-Cola Consolidated Trading Up 0.8%

NASDAQ COKE opened at $131.68 on Friday. The company has a fifty day simple moving average of $118.91 and a two-hundred day simple moving average of $125.84. The stock has a market cap of $11.44 billion, a P/E ratio of 19.65 and a beta of 0.70. Coca-Cola Consolidated, Inc. has a 12-month low of $105.21 and a 12-month high of $146.09. The company has a current ratio of 2.04, a quick ratio of 1.78 and a debt-to-equity ratio of 0.88.

Coca-Cola Consolidated (NASDAQ:COKE) last released its quarterly earnings data on Thursday, July 24th. The company reported $2.24 earnings per share for the quarter. The firm had revenue of $1.86 billion for the quarter. Coca-Cola Consolidated had a net margin of 8.43% and a return on equity of 44.91%.

Coca-Cola Consolidated Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, October 24th will be paid a $0.25 dividend. The ex-dividend date is Friday, October 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.8%. Coca-Cola Consolidated’s dividend payout ratio is presently 14.93%.

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.