Genus Capital Management Inc. Purchases New Stake in Coca-Cola Consolidated, Inc. $COKE

Genus Capital Management Inc. acquired a new position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 15,500 shares of the company’s stock, valued at approximately $2,376,000.

Other hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its position in shares of Coca-Cola Consolidated by 320.8% during the third quarter. Envestnet Asset Management Inc. now owns 82,171 shares of the company’s stock valued at $9,627,000 after buying an additional 62,645 shares during the period. JPMorgan Chase & Co. increased its position in shares of Coca-Cola Consolidated by 11.0% during the third quarter. JPMorgan Chase & Co. now owns 244,805 shares of the company’s stock valued at $28,681,000 after buying an additional 24,278 shares during the period. Vanguard Group Inc. increased its position in shares of Coca-Cola Consolidated by 6.4% during the fourth quarter. Vanguard Group Inc. now owns 5,686,058 shares of the company’s stock valued at $871,673,000 after buying an additional 341,374 shares during the period. Natixis Advisors LLC increased its position in shares of Coca-Cola Consolidated by 122.1% during the third quarter. Natixis Advisors LLC now owns 107,106 shares of the company’s stock valued at $12,548,000 after buying an additional 58,890 shares during the period. Finally, HighTower Advisors LLC increased its position in shares of Coca-Cola Consolidated by 76.8% during the third quarter. HighTower Advisors LLC now owns 18,039 shares of the company’s stock valued at $2,114,000 after buying an additional 7,834 shares during the period. 48.24% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Stock Performance

Shares of COKE stock opened at $175.53 on Monday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.91 and a current ratio of 1.23. The company has a market capitalization of $11.68 billion, a P/E ratio of 24.01 and a beta of 0.61. The stock has a 50 day moving average price of $191.52 and a two-hundred day moving average price of $173.46. Coca-Cola Consolidated, Inc. has a fifty-two week low of $105.21 and a fifty-two week high of $219.65.

Coca-Cola Consolidated (NASDAQ:COKE) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $1.79 earnings per share (EPS) for the quarter. Coca-Cola Consolidated had a return on equity of 138.44% and a net margin of 7.72%.The business had revenue of $1.71 billion during the quarter.

Coca-Cola Consolidated Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 24th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Friday, April 24th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is presently 13.68%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Consolidated in a report on Friday, March 27th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Coca-Cola Consolidated has a consensus 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.