Csenge Advisory Group Takes $5.07 Million Position in Coca-Cola Consolidated, Inc. $COKE

Csenge Advisory Group purchased a new position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 62,426 shares of the company’s stock, valued at approximately $5,073,000. Csenge Advisory Group owned about 0.09% of Coca-Cola Consolidated at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in COKE. Vanguard Group Inc. raised its stake in shares of Coca-Cola Consolidated by 6.4% during the fourth quarter. Vanguard Group Inc. now owns 5,686,058 shares of the company’s stock valued at $871,673,000 after acquiring an additional 341,374 shares during the last quarter. Catalyst Investment Management LLC bought a new stake in shares of Coca-Cola Consolidated in the second quarter worth $573,000. Horizon Investments LLC increased its holdings in Coca-Cola Consolidated by 1,655,666.7% in the fourth quarter. Horizon Investments LLC now owns 49,673 shares of the company’s stock valued at $7,602,000 after purchasing an additional 49,670 shares during the period. Vest Financial LLC increased its holdings in Coca-Cola Consolidated by 60.8% in the fourth quarter. Vest Financial LLC now owns 232,597 shares of the company’s stock valued at $35,657,000 after purchasing an additional 87,912 shares during the period. Finally, James Investment Research Inc. raised its position in Coca-Cola Consolidated by 62.2% during the 4th quarter. James Investment Research Inc. now owns 22,412 shares of the company’s stock worth $3,436,000 after purchasing an additional 8,593 shares during the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

Wall Street Analyst Weigh In

COKE has been the topic of several recent research reports. Wall Street Zen downgraded Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Coca-Cola Consolidated Stock Performance

NASDAQ:COKE opened at $186.84 on Thursday. Coca-Cola Consolidated, Inc. has a 52 week low of $110.60 and a 52 week high of $219.65. The firm’s fifty day moving average is $184.95 and its 200-day moving average is $185.50. The firm has a market cap of $12.44 billion, a P/E ratio of 24.78 and a beta of 0.55.

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

Coca-Cola Consolidated Dividend Announcement

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

Coca-Cola Consolidated Company 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.