Louisiana State Employees Retirement System Takes $3.15 Million Position in Coca-Cola Consolidated, Inc. $COKE

Louisiana State Employees Retirement System acquired a new position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 16,400 shares of the company’s stock, valued at approximately $3,145,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Torren Management LLC bought a new position in Coca-Cola Consolidated in the 4th quarter worth $29,000. Morse Asset Management Inc acquired a new stake in shares of Coca-Cola Consolidated in the fourth quarter valued at about $31,000. Quarry LP acquired a new stake in shares of Coca-Cola Consolidated in the third quarter valued at about $25,000. Advisory Services Network LLC acquired a new stake in shares of Coca-Cola Consolidated in the third quarter valued at about $25,000. Finally, Newbridge Financial Services Group Inc. increased its stake in shares of Coca-Cola Consolidated by 900.0% in the second 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. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

Coca-Cola Consolidated Stock Performance

Coca-Cola Consolidated stock opened at $188.03 on Monday. The business has a 50 day moving average price of $182.46 and a two-hundred day moving average price of $177.52. The company has a quick ratio of 0.91, a current ratio of 1.23 and a debt-to-equity ratio of 0.88. The stock has a market cap of $12.52 billion, a price-to-earnings ratio of 25.72 and a beta of 0.55. Coca-Cola Consolidated, Inc. has a 12 month low of $109.42 and a 12 month high of $219.65.

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

Coca-Cola Consolidated Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 24th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Friday, April 24th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is 13.68%.

Coca-Cola Consolidated Company 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.