Osaic Holdings Inc. Purchases 13,639 Shares of Coca-Cola Consolidated, Inc. $COKE

Osaic Holdings Inc. boosted its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 732.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,501 shares of the company’s stock after buying an additional 13,639 shares during the period. Osaic Holdings Inc.’s holdings in Coca-Cola Consolidated were worth $1,808,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Glenview Trust co raised its holdings in shares of Coca-Cola Consolidated by 8.2% during the 1st quarter. Glenview Trust co now owns 277 shares of the company’s stock worth $374,000 after acquiring an additional 21 shares in the last quarter. Semmax Financial Advisors Inc. bought a new stake in Coca-Cola Consolidated in the first quarter worth $50,000. EJF Capital LLC raised its stake in Coca-Cola Consolidated by 4.7% during the first quarter. EJF Capital LLC now owns 1,225 shares of the company’s stock valued at $1,654,000 after purchasing an additional 55 shares in the last quarter. Hancock Whitney Corp lifted its position in Coca-Cola Consolidated by 0.6% during the first quarter. Hancock Whitney Corp now owns 15,738 shares of the company’s stock valued at $21,246,000 after purchasing an additional 92 shares during the last quarter. Finally, Petrus Trust Company LTA purchased a new position in shares of Coca-Cola Consolidated in the 1st quarter worth $248,000. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Down 3.7%

Shares of COKE opened at $154.62 on Tuesday. The company has a quick ratio of 1.79, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. The business has a fifty day moving average of $153.46 and a 200 day moving average of $129.31. The company has a market cap of $13.21 billion, a PE ratio of 22.01 and a beta of 0.63. Coca-Cola Consolidated, Inc. has a 52-week low of $105.21 and a 52-week high of $169.49.

Coca-Cola Consolidated Announces Dividend

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

Analyst Ratings Changes

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Consolidated in a report on Monday, December 22nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy”.

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.