6,113 Shares in Coca-Cola Consolidated, Inc. $COKE Acquired by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated acquired a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 6,113 shares of the company’s stock, valued at approximately $716,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in COKE. Nomura Asset Management Co. Ltd. grew its holdings in shares of Coca-Cola Consolidated by 900.0% during the second quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the company’s stock worth $26,000 after buying an additional 207 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its position 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 acquiring an additional 207 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in 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 acquiring an additional 225 shares during the last quarter. Rakuten Securities Inc. grew its stake in Coca-Cola Consolidated by 1,646.7% during the 2nd quarter. Rakuten Securities Inc. now owns 262 shares of the company’s stock valued at $29,000 after acquiring an additional 247 shares in the last quarter. Finally, True Wealth Design LLC raised its holdings in Coca-Cola Consolidated by 25,200.0% in the 3rd quarter. True Wealth Design LLC now owns 253 shares of the company’s stock valued at $30,000 after acquiring an additional 252 shares during the last quarter. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Coca-Cola Consolidated Trading Down 2.3%

Shares of COKE opened at $149.84 on Friday. Coca-Cola Consolidated, Inc. has a 12-month low of $105.21 and a 12-month high of $169.49. The firm has a market capitalization of $12.80 billion, a P/E ratio of 21.33 and a beta of 0.65. The firm has a 50-day moving average price of $155.33 and a 200 day moving average price of $130.43. The company has a current ratio of 2.04, a quick ratio of 1.79 and a debt-to-equity ratio of 0.88.

Coca-Cola Consolidated Announces Dividend

The company also recently declared 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. The ex-dividend date was Friday, October 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is currently 14.25%.

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.