Royal Capital Wealth Management LLC Acquires Shares of 14,284 Coca-Cola Consolidated, Inc. $COKE

Royal Capital Wealth Management LLC bought a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 14,284 shares of the company’s stock, valued at approximately $1,161,000. Coca-Cola Consolidated accounts for approximately 0.7% of Royal Capital Wealth Management LLC’s portfolio, making the stock its 28th biggest holding.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Coca-Cola Consolidated by 6.4% during the fourth quarter. Vanguard Group Inc. now owns 5,686,058 shares of the company’s stock worth $871,673,000 after buying an additional 341,374 shares in the last quarter. Catalyst Investment Management LLC bought a new position in Coca-Cola Consolidated in the 2nd quarter valued at about $573,000. Horizon Investments LLC raised its position in shares of Coca-Cola Consolidated by 1,655,666.7% in the 4th quarter. Horizon Investments LLC now owns 49,673 shares of the company’s stock valued at $7,602,000 after buying an additional 49,670 shares in the last quarter. Vest Financial LLC raised its position in shares of Coca-Cola Consolidated by 60.8% in the 4th quarter. Vest Financial LLC now owns 232,597 shares of the company’s stock valued at $35,657,000 after buying an additional 87,912 shares in the last quarter. Finally, James Investment Research Inc. raised its position in shares of Coca-Cola Consolidated by 62.2% in the 4th quarter. James Investment Research Inc. now owns 22,412 shares of the company’s stock valued at $3,436,000 after buying an additional 8,593 shares in the last quarter. 48.24% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Consolidated Trading Up 1.9%

Shares of NASDAQ COKE opened at $192.60 on Tuesday. The company has a market cap of $12.82 billion, a price-to-earnings ratio of 25.54 and a beta of 0.55. Coca-Cola Consolidated, Inc. has a 12 month low of $110.60 and a 12 month high of $219.65. The stock has a 50-day moving average price of $185.14 and a two-hundred day moving average price of $186.25.

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

Coca-Cola Consolidated Dividend Announcement

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

Analyst Ratings Changes

Several analysts recently issued reports on COKE shares. Wall Street Zen lowered shares of Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Coca-Cola Consolidated presently has an average rating of “Buy”.

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.