MJP Associates Takes New Position in Coca-Cola Consolidated

MJP Associates Inc. ADV has taken a new position in Coca-Cola Consolidated, Inc.'s (NASDAQ:COKE) shares, purchasing 14,806 stocks valued at approximately $1,203,000 during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission.

This is not an isolated incident; several other institutional investors have also bought COKE shares in the last few quarters. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Coca-Cola Consolidated by 8.7% during the first quarter, while Northwestern Mutual Wealth Management Co. lifted its position in the company by 1,587.5%.

Coca-Cola Consolidated's market capitalization stands at $12.49 billion, with a price-to-earnings ratio of 24.88 and a beta of 0.55. The company recently announced its quarterly earnings data on August 5th, reporting $2.83 EPS for the quarter.

The firm had revenue of $2.05 billion during the quarter and has a payout ratio of 13.26%. Coca-Cola Consolidated's dividend payment was made on August 7th to shareholders who held shares as of July 24th.