HighPoint Advisor Group LLC Purchases Shares of 19,834 Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

HighPoint Advisor Group LLC acquired a new position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 19,834 shares of the company’s stock, valued at approximately $16,838,000. Coca-Cola Consolidated comprises 1.3% of HighPoint Advisor Group LLC’s portfolio, making the stock its 13th largest holding. HighPoint Advisor Group LLC owned 0.21% of Coca-Cola Consolidated at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC raised its holdings in Coca-Cola Consolidated by 36.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 1,173 shares of the company’s stock valued at $747,000 after acquiring an additional 311 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Coca-Cola Consolidated by 29.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 70,685 shares of the company’s stock worth $44,978,000 after purchasing an additional 15,957 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in Coca-Cola Consolidated by 5.8% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 474 shares of the company’s stock worth $302,000 after buying an additional 26 shares in the last quarter. Pathstone Family Office LLC bought a new stake in shares of Coca-Cola Consolidated during the 3rd quarter worth approximately $203,000. Finally, HighTower Advisors LLC boosted its position in shares of Coca-Cola Consolidated by 22.1% during the 3rd quarter. HighTower Advisors LLC now owns 1,259 shares of the company’s stock worth $815,000 after acquiring an additional 228 shares in the last quarter. Institutional investors own 48.24% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut Coca-Cola Consolidated from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 23rd.

Coca-Cola Consolidated Price Performance

Shares of COKE stock traded down $0.11 on Tuesday, reaching $1,001.57. The company had a trading volume of 2,377 shares, compared to its average volume of 49,561. The business’s 50-day moving average is $920.79 and its 200 day moving average is $880.64. The stock has a market capitalization of $9.38 billion, a PE ratio of 20.63 and a beta of 0.74. Coca-Cola Consolidated, Inc. has a one year low of $614.22 and a one year high of $1,048.00. The company has a quick ratio of 1.47, a current ratio of 1.87 and a debt-to-equity ratio of 0.38.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its quarterly earnings results on Monday, May 6th. The company reported $17.31 earnings per share (EPS) for the quarter. Coca-Cola Consolidated had a net margin of 6.83% and a return on equity of 42.10%. The company had revenue of $1.59 billion during the quarter.

Coca-Cola Consolidated Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, April 26th were issued a $0.50 dividend. The ex-dividend date was Thursday, April 25th. This represents a $2.00 dividend on an annualized basis and a yield of 0.20%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is presently 4.12%.

Coca-Cola Consolidated Profile

Coca-Cola Consolidated, Inc, together with its subsidiaries, manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages; and still beverages, including energy products, as well as noncarbonated beverages comprising bottled water, ready to drink coffee and tea, enhanced water, juices, and sports drinks.