Coca-Cola Consolidated, Inc. $COKE Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers increased its stake in Coca-Cola Consolidated, Inc. by 886.9% in Q2, owning 17,824 shares worth $1.99 million. Other hedge funds also significantly raised their stakes. Coca-Cola Consolidated's stock has a market cap of $13.91 billion and a PE ratio of 23.18. The company recently paid a quarterly dividend of $0.25 per share. Weiss Ratings upgraded the stock to a 'buy' rating.

Cetera Investment Advisers increased its stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 886.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,824 shares of the company's stock after purchasing an additional 16,018 shares during the period. Cetera Investment Advisers' holdings in Coca-Cola Consolidated were worth $1,990,000 as of its most recent filing with the Securities & Exchange Commission.

Get Coca-Cola Consolidated alerts:

Mitigating Tariffs: 3 Stocks to Gain From a Weaker U.S. Dollar

A number of other hedge funds have also bought and sold shares of COKE. Boston Partners lifted its stake in shares of Coca-Cola Consolidated by 942.2% during the second quarter. Boston Partners now owns 2,089,876 shares of the company's stock worth $233,345,000 after buying an additional 1,889,358 shares during the period. Diversified Trust Co raised its stake in Coca-Cola Consolidated by 900.0% in the 2nd quarter. Diversified Trust Co now owns 1,462,487 shares of the company's stock worth $163,287,000 after acquiring an additional 1,316,233 shares during the last quarter. Geode Capital Management LLC raised its stake in Coca-Cola Consolidated by 882.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,302,088 shares of the company's stock worth $145,398,000 after acquiring an additional 1,169,611 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Coca-Cola Consolidated by 886.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 600,152 shares of the company's stock worth $67,007,000 after acquiring an additional 539,340 shares during the period. Finally, Jones Financial Companies Lllp grew its stake in Coca-Cola Consolidated by 265,541.3% during the 1st quarter. Jones Financial Companies Lllp now owns 502,062 shares of the company's stock valued at $677,784,000 after purchasing an additional 501,873 shares during the last quarter. Institutional investors and hedge funds own 48.24% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Coca-Cola Consolidated from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy".

Beyond a Market Correction, Moves to Make Now

Get Our Latest Stock Report on COKE

Coca-Cola Consolidated Trading Down 0.7%

Shares of Coca-Cola Consolidated stock opened at $162.79 on Friday. The stock has a market cap of $13.91 billion, a PE ratio of 23.18 and a beta of 0.69. The firm has a fifty day moving average price of $135.63 and a 200 day moving average price of $128.90. Coca-Cola Consolidated, Inc. has a 1 year low of $105.21 and a 1 year high of $166.21. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.78.

Coca-Cola Consolidated Dividend Announcement

Coca-Cola Stock Analysis: Key Insights and Trends

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Friday, October 24th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, October 24th. Coca-Cola Consolidated's payout ratio is 14.25%.

Coca-Cola Consolidated Profile

(Free Report)

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.

Five stocks we like better than Coca-Cola Consolidated
How to Capture the Benefits of Dividend Increases
Meta Platforms May Ditch NVIDIA Chips—Here’s Why Investors Care
How to Buy Cheap Stocks Step by Step
SoFi Technologies: From Fintech Speculation to Profit Engine
Stock Trading Terms - Stock Terms Every Investor Needs to Know
Gold to $5,000? What Bank of America and UBS Have to Say

Want to see what other hedge funds are holding COKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Coca-Cola Consolidated Right Now?

Before you consider Coca-Cola Consolidated, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Coca-Cola Consolidated wasn't on the list.

While Coca-Cola Consolidated currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here