Delos Wealth Advisors LLC Makes New $366,000 Investment in Coca-Cola Consolidated, Inc. $COKE

Delos Wealth Advisors LLC bought a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 4,500 shares of the company’s stock, valued at approximately $366,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of Coca-Cola Consolidated in the second quarter worth $26,229,118,000. Legal & General Group Plc acquired a new stake in Coca-Cola Consolidated during the second quarter valued at $1,978,267,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Coca-Cola Consolidated during the second quarter valued at $1,591,427,000. GQG Partners LLC acquired a new stake in Coca-Cola Consolidated during the second quarter valued at $1,494,498,000. Finally, Deutsche Bank AG purchased a new position in Coca-Cola Consolidated in the second quarter valued at about $1,346,125,000. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on COKE shares. Wall Street Zen lowered Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Consolidated in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Coca-Cola Consolidated Stock Up 2.0%

Shares of COKE opened at $196.53 on Wednesday. The company’s fifty day moving average is $185.35 and its 200-day moving average is $186.58. Coca-Cola Consolidated, Inc. has a 12 month low of $110.60 and a 12 month high of $219.65. The firm has a market cap of $13.08 billion, a price-to-earnings ratio of 26.07 and a beta of 0.55.

Coca-Cola Consolidated (NASDAQ:COKE) last released its quarterly earnings data on Wednesday, August 5th. The company reported $2.83 earnings per share (EPS) 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 business also recently announced a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Friday, July 24th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date was Friday, July 24th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is 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.