Cwm LLC Boosts Stake in Coca-Cola Consolidated, Inc. $COKE

Cwm LLC lifted its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 209.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,378 shares of the company’s stock after purchasing an additional 9,054 shares during the quarter. Cwm LLC’s holdings in Coca-Cola Consolidated were worth $1,567,000 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. Nomura Asset Management Co. Ltd. boosted its position in shares of 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 buying an additional 207 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its stake in shares of Coca-Cola Consolidated by 900.0% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 230 shares of the company’s stock worth $26,000 after purchasing an additional 207 shares during the period. Geneos Wealth Management Inc. boosted its stake in Coca-Cola Consolidated by 900.0% in the 2nd 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. Rakuten Securities Inc. grew 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 purchasing an additional 247 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Coca-Cola Consolidated by 1,587.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 270 shares of the company’s stock worth $30,000 after buying an additional 254 shares during the last quarter. 48.24% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Consolidated Price Performance

Shares of NASDAQ COKE opened at $149.84 on Monday. The company has a market capitalization of $12.80 billion, a price-to-earnings ratio of 21.33 and a beta of 0.65. Coca-Cola Consolidated, Inc. has a twelve month low of $105.21 and a twelve month high of $169.49. The business has a 50 day simple moving average of $155.33 and a 200-day simple moving average of $130.60. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Friday, October 24th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, October 24th. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is currently 14.25%.

Wall Street Analysts Forecast Growth

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