Advisors Capital Buys $67 Million in Coca-Cola Consolidated Shares

Advisors Capital Management LLC purchased approximately $67 million worth of Coca-Cola Consolidated's shares in Q2, according to its most recent SEC filing. The company bought 825,093 new shares, accounting for about 1.24% of the total outstanding stock.

The acquisition comes as institutional investors continue to show interest in COKE. Ascentis Independent Advisors and Torren Management LLC also bought new positions in Coca-Cola Consolidated during Q1 and Q4, respectively.

Coca-Cola Consolidated's recent financial performance saw a quarterly dividend payment of $0.25 per share, representing an annualized dividend yield of 0.5%. The company reported earnings of $2.83 EPS for the quarter, with revenue totaling $2.05 billion.