Corient Private Wealth LLC Boosts Stock Position in Coca-Cola Consolidated, Inc. $COKE

Corient Private Wealth LLC grew its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 923.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,025 shares of the company’s stock after purchasing an additional 12,655 shares during the period. Corient Private Wealth LLC’s holdings in Coca-Cola Consolidated were worth $1,566,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Nomura Asset Management Co. Ltd. grew its stake in Coca-Cola Consolidated by 900.0% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the company’s stock worth $26,000 after acquiring an additional 207 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its stake in Coca-Cola Consolidated by 900.0% in the second quarter. Newbridge Financial Services Group Inc. now owns 230 shares of the company’s stock worth $26,000 after acquiring an additional 207 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Coca-Cola Consolidated by 900.0% during the second quarter. Geneos Wealth Management Inc. now owns 250 shares of the company’s stock worth $28,000 after purchasing an additional 225 shares during the last quarter. Rakuten Securities Inc. increased its holdings in Coca-Cola Consolidated by 1,646.7% in the second quarter. Rakuten Securities Inc. now owns 262 shares of the company’s stock valued at $29,000 after buying an additional 247 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Coca-Cola Consolidated by 1,587.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 270 shares of the company’s stock valued at $30,000 after acquiring an additional 254 shares in the last quarter. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Price Performance

NASDAQ:COKE opened at $164.38 on Thursday. Coca-Cola Consolidated, Inc. has a 52-week low of $105.21 and a 52-week high of $169.49. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.79 and a current ratio of 2.04. The company has a market cap of $14.05 billion, a P/E ratio of 23.40 and a beta of 0.63. The stock’s 50-day simple moving average is $151.77 and its 200 day simple moving average is $128.12.

Coca-Cola Consolidated Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Friday, October 24th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Friday, October 24th. Coca-Cola Consolidated’s dividend payout ratio is currently 14.25%.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Monday. One 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 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.