Coca-Cola Consolidated, Inc. $COKE Shares Acquired by Walleye Capital LLC

Walleye Capital LLC increased its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 285.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,972 shares of the company’s stock after acquiring an additional 64,396 shares during the period. Walleye Capital LLC’s holdings in Coca-Cola Consolidated were worth $16,676,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quarry LP bought a new position in shares of Coca-Cola Consolidated during the 3rd quarter valued at about $25,000. Advisory Services Network LLC acquired a new stake in Coca-Cola Consolidated during the third quarter valued at approximately $25,000. Newbridge Financial Services Group Inc. boosted its holdings in Coca-Cola Consolidated by 900.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 230 shares of the company’s stock worth $26,000 after buying an additional 207 shares in the last quarter. Geneos Wealth Management Inc. grew its position in 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. Finally, Torren Management LLC bought a new position in shares of Coca-Cola Consolidated in the fourth quarter valued at $29,000. 48.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed 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.com, Coca-Cola Consolidated currently has a consensus rating of “Buy”.

Coca-Cola Consolidated Trading Up 0.7%

COKE stock opened at $184.36 on Thursday. Coca-Cola Consolidated, Inc. has a 1 year low of $110.40 and a 1 year high of $219.65. The company has a fifty day simple moving average of $180.44 and a 200 day simple moving average of $180.33. The firm has a market cap of $12.27 billion, a PE ratio of 25.22 and a beta of 0.54.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.79 earnings per share for the quarter. The company had revenue of $1.71 billion during the quarter. Coca-Cola Consolidated had a return on equity of 138.44% and a net margin of 7.72%.

Coca-Cola Consolidated Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 24th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date is Friday, July 24th. Coca-Cola Consolidated’s payout ratio is 13.68%.

About Coca-Cola Consolidated

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.