2,606 Shares in Coca-Cola Consolidated, Inc. $COKE Acquired by RWA Wealth Partners LLC

RWA Wealth Partners LLC acquired a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,606 shares of the company’s stock, valued at approximately $305,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in COKE. Nomura Asset Management Co. Ltd. lifted its position 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 purchasing an additional 207 shares during the period. Root Financial Partners LLC purchased a new position in shares of Coca-Cola Consolidated during the 3rd quarter valued at about $26,000. Smartleaf Asset Management LLC lifted its holdings in shares of Coca-Cola Consolidated by 175.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 220 shares of the company’s stock valued at $26,000 after buying an additional 140 shares during the period. Newbridge Financial Services Group Inc. lifted its holdings in shares of 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 buying an additional 207 shares during the period. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Coca-Cola Consolidated by 900.0% in the second quarter. Geneos Wealth Management Inc. now owns 250 shares of the company’s stock worth $28,000 after buying an additional 225 shares during the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Consolidated in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Coca-Cola Consolidated Price Performance

Shares of Coca-Cola Consolidated stock opened at $202.40 on Friday. The firm has a market cap of $13.47 billion, a PE ratio of 29.69 and a beta of 0.64. Coca-Cola Consolidated, Inc. has a twelve month low of $105.21 and a twelve month high of $205.00. The company has a quick ratio of 0.97, a current ratio of 1.26 and a debt-to-equity ratio of 0.88. The business has a 50-day moving average price of $159.99 and a 200 day moving average price of $143.50.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $2.11 EPS for the quarter. The company had revenue of $1.90 billion for the quarter. Coca-Cola Consolidated had a return on equity of 66.42% and a net margin of 7.89%.

Coca-Cola Consolidated Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 6th. Investors of record on Friday, January 23rd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Friday, January 23rd. Coca-Cola Consolidated’s payout ratio is presently 14.66%.

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.