Assetmark Inc. Increases Position in Coca-Cola Consolidated, Inc. $COKE

Assetmark Inc. lifted its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 28.5% during the third quarter, Holdings Channel reports. The fund owned 22,884 shares of the company’s stock after buying an additional 5,081 shares during the quarter. Assetmark Inc.’s holdings in Coca-Cola Consolidated were worth $2,681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of COKE. Illinois Municipal Retirement Fund increased its stake in shares of Coca-Cola Consolidated by 21.4% during the third quarter. Illinois Municipal Retirement Fund now owns 42,730 shares of the company’s stock worth $5,006,000 after purchasing an additional 7,540 shares in the last quarter. Caprock Group LLC purchased a new position in Coca-Cola Consolidated during the 3rd quarter valued at about $277,000. Navellier & Associates Inc. grew its stake in Coca-Cola Consolidated by 3.5% during the 3rd quarter. Navellier & Associates Inc. now owns 38,972 shares of the company’s stock worth $4,566,000 after purchasing an additional 1,300 shares in the last quarter. Prospera Financial Services Inc acquired a new position in Coca-Cola Consolidated during the 3rd quarter worth approximately $370,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of Coca-Cola Consolidated in the 3rd quarter valued at about $1,040,000. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Price Performance

Coca-Cola Consolidated stock opened at $170.29 on Thursday. The stock has a market capitalization of $14.55 billion, a P/E ratio of 24.24 and a beta of 0.64. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.79. Coca-Cola Consolidated, Inc. has a 12-month low of $105.21 and a 12-month high of $170.72. The firm’s 50-day moving average is $156.19 and its two-hundred day moving average is $139.88.

Coca-Cola Consolidated (NASDAQ:COKE) last released its earnings results on Wednesday, February 18th. The company reported $2.11 earnings per share (EPS) for the quarter. Coca-Cola Consolidated had a net margin of 8.66% and a return on equity of 43.17%.

Coca-Cola Consolidated Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 6th. Stockholders of record on Friday, January 23rd were paid a dividend of $0.25 per share. The ex-dividend date was Friday, January 23rd. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is currently 14.25%.

Analyst Ratings Changes

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