Jacobs Levy Equity Management Inc. Takes Position in Coca-Cola Consolidated, Inc. $COKE

Jacobs Levy Equity Management Inc. bought a new stake 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 fund bought 879 shares of the company’s stock, valued at approximately $1,187,000.

Other institutional investors have also recently made changes to their positions in the company. Wayfinding Financial LLC purchased a new position in shares of Coca-Cola Consolidated during the 1st quarter valued at approximately $46,000. Allworth Financial LP grew its stake in Coca-Cola Consolidated by 58.3% in the 1st quarter. Allworth Financial LP now owns 57 shares of the company’s stock valued at $79,000 after acquiring an additional 21 shares during the period. Fifth Third Bancorp grew its stake in Coca-Cola Consolidated by 40.9% in the 1st quarter. Fifth Third Bancorp now owns 62 shares of the company’s stock valued at $84,000 after acquiring an additional 18 shares during the period. Spire Wealth Management grew its stake in Coca-Cola Consolidated by 115.6% in the 1st quarter. Spire Wealth Management now owns 69 shares of the company’s stock valued at $92,000 after acquiring an additional 37 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new stake in Coca-Cola Consolidated in the 1st quarter valued at $108,000. 48.24% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Stock Up 2.3%

NASDAQ COKE opened at $124.15 on Friday. Coca-Cola Consolidated, Inc. has a 52 week low of $105.21 and a 52 week high of $146.09. The company has a quick ratio of 1.78, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. The business’s fifty day simple moving average is $115.78 and its 200-day simple moving average is $128.36. The firm has a market cap of $10.79 billion, a PE ratio of 18.52 and a beta of 0.76.

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

Coca-Cola Consolidated Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Friday, July 25th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, July 25th. This represents a $1.00 dividend on an annualized basis and a yield of 0.8%. Coca-Cola Consolidated’s dividend payout ratio is 14.93%.

Wall Street Analysts Forecast Growth

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

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.