Patron Partners LLC Invests $455,000 in Coca-Cola Consolidated, Inc. $COKE

Patron Partners LLC bought a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,881 shares of the company’s stock, valued at approximately $455,000.

A number of other large investors also recently added to or reduced their stakes in COKE. Root Financial Partners LLC purchased a new stake in Coca-Cola Consolidated during the 3rd quarter valued at approximately $26,000. Nomura Asset Management Co. Ltd. grew its stake in Coca-Cola Consolidated by 900.0% during the second quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the company’s stock valued at $26,000 after acquiring an additional 207 shares in the last quarter. Newbridge Financial Services Group Inc. increased its holdings in Coca-Cola Consolidated by 900.0% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 230 shares of the company’s stock valued at $26,000 after acquiring an additional 207 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in Coca-Cola Consolidated by 900.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 250 shares of the company’s stock valued at $28,000 after acquiring an additional 225 shares during the last quarter. Finally, True Wealth Design LLC lifted its stake in Coca-Cola Consolidated by 25,200.0% in the 3rd quarter. True Wealth Design LLC now owns 253 shares of the company’s stock worth $30,000 after purchasing an additional 252 shares in the last quarter. 48.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy”.

Coca-Cola Consolidated Price Performance

COKE stock opened at $150.21 on Monday. Coca-Cola Consolidated, Inc. has a 52 week low of $105.21 and a 52 week high of $169.49. The firm has a market capitalization of $12.84 billion, a P/E ratio of 21.39 and a beta of 0.65. The company has a fifty day simple moving average of $158.59 and a two-hundred day simple moving average of $134.65. The company has a quick ratio of 1.79, a current ratio of 2.04 and a debt-to-equity ratio of 0.88.

Coca-Cola Consolidated Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 6th. Shareholders of record on Friday, January 23rd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, January 23rd. Coca-Cola Consolidated’s payout ratio is presently 14.25%.

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.