Summit Global Investments bought a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,387 shares of the company’s stock, valued at approximately $1,505,000.
Other hedge funds have also recently modified their holdings of the company. Quest Partners LLC bought a new stake in shares of Coca-Cola Consolidated during the 4th quarter valued at $31,000. EntryPoint Capital LLC bought a new stake in shares of Coca-Cola Consolidated during the 1st quarter valued at $30,000. GAMMA Investing LLC boosted its holdings in shares of Coca-Cola Consolidated by 137.0% during the 2nd quarter. GAMMA Investing LLC now owns 64 shares of the company’s stock valued at $69,000 after buying an additional 37 shares in the last quarter. CWM LLC raised its position in shares of Coca-Cola Consolidated by 22.2% in the 4th quarter. CWM LLC now owns 66 shares of the company’s stock worth $61,000 after purchasing an additional 12 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Coca-Cola Consolidated by 102.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 69 shares of the company’s stock worth $57,000 after purchasing an additional 35 shares during the last quarter. Institutional investors own 48.24% of the company’s stock.
Insider Buying and Selling at Coca-Cola Consolidated
In other news, major shareholder Cola Co Coca sold 598,619 shares of the firm’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $925.00, for a total value of $553,722,575.00. Following the transaction, the insider now directly owns 1,883,546 shares in the company, valued at approximately $1,742,280,050. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Coca-Cola Consolidated Stock Performance
Coca-Cola Consolidated Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.15%. The ex-dividend date of this dividend was Friday, July 26th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is presently 4.12%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered Coca-Cola Consolidated from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 23rd.
Read Our Latest Stock Report on COKE
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.
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