Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 2.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,442 shares of the company’s stock after acquiring an additional 1,497 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Coca-Cola Consolidated were worth $72,147,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Linden Thomas Advisory Services LLC grew its holdings in Coca-Cola Consolidated by 3.5% during the first quarter. Linden Thomas Advisory Services LLC now owns 265 shares of the company’s stock worth $358,000 after acquiring an additional 9 shares during the period. Sunbelt Securities Inc. grew its holdings in Coca-Cola Consolidated by 10.8% during the fourth quarter. Sunbelt Securities Inc. now owns 103 shares of the company’s stock worth $128,000 after acquiring an additional 10 shares during the period. State of Alaska Department of Revenue increased its stake in Coca-Cola Consolidated by 0.3% in the 1st quarter. State of Alaska Department of Revenue now owns 3,973 shares of the company’s stock worth $5,363,000 after purchasing an additional 10 shares in the last quarter. HBK Sorce Advisory LLC increased its stake in Coca-Cola Consolidated by 2.9% in the 1st quarter. HBK Sorce Advisory LLC now owns 357 shares of the company’s stock worth $481,000 after purchasing an additional 10 shares in the last quarter. Finally, Monument Capital Management increased its stake in Coca-Cola Consolidated by 0.3% in the 1st quarter. Monument Capital Management now owns 3,955 shares of the company’s stock worth $5,339,000 after purchasing an additional 10 shares in the last quarter. 48.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Coca-Cola Consolidated from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th.

Coca-Cola Consolidated Trading Up 0.2%

Shares of COKE opened at $115.10 on Thursday. The business’s 50-day moving average price is $112.18 and its 200 day moving average price is $131.33. The stock has a market capitalization of $10.00 billion, a P/E ratio of 17.17 and a beta of 0.81. Coca-Cola Consolidated, Inc. has a 1-year low of $105.21 and a 1-year high of $146.09. The company has a current ratio of 2.04, a quick ratio of 1.78 and a debt-to-equity ratio of 0.88.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its quarterly earnings results on Thursday, July 24th. The company reported $2.24 earnings per share for the quarter. The firm had revenue of $1.86 billion for the quarter. Coca-Cola Consolidated had a return on equity of 44.91% and a net margin of 8.43%.

Coca-Cola Consolidated Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Friday, July 25th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, July 25th. This represents a $1.00 dividend on an annualized basis and a yield of 0.9%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is currently 14.93%.

About Coca-Cola Consolidated

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.