Prospera Financial Services Inc Takes $370,000 Position in Coca-Cola Consolidated, Inc. $COKE

Prospera Financial Services Inc purchased a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 3,155 shares of the company’s stock, valued at approximately $370,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Smartleaf Asset Management LLC raised its position in shares of Coca-Cola Consolidated by 175.0% during the third quarter. Smartleaf Asset Management LLC now owns 220 shares of the company’s stock valued at $26,000 after buying an additional 140 shares during the last quarter. Root Financial Partners LLC bought a new position in Coca-Cola Consolidated during the third quarter valued at about $26,000. Nomura Asset Management Co. Ltd. raised its holdings 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 valued at $26,000 after acquiring an additional 207 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its position in shares of Coca-Cola Consolidated by 900.0% in the 2nd 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 period. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Coca-Cola Consolidated by 900.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 250 shares of the company’s stock worth $28,000 after purchasing an additional 225 shares in the last quarter. 48.24% of the stock is owned by institutional investors.

Coca-Cola Consolidated Stock Performance

NASDAQ COKE opened at $166.10 on Wednesday. Coca-Cola Consolidated, Inc. has a 1-year low of $105.21 and a 1-year high of $169.49. The company has a 50 day moving average of $156.03 and a 200-day moving average of $139.67. The company has a current ratio of 2.04, a quick ratio of 1.79 and a debt-to-equity ratio of 0.88. The firm has a market cap of $14.19 billion, a price-to-earnings ratio of 23.65 and a beta of 0.64.

Coca-Cola Consolidated Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 6th. Shareholders of record on Friday, January 23rd were given a $0.25 dividend. The ex-dividend date was Friday, January 23rd. This represents a $1.00 annualized dividend and a yield of 0.6%. Coca-Cola Consolidated’s payout ratio is presently 14.25%.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Coca-Cola Consolidated currently 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.