SG Americas Securities LLC Reduces Stock Holdings in Coca-Cola Consolidated, Inc. $COKE

SG Americas Securities LLC cut its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 77.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,012 shares of the company’s stock after selling 17,321 shares during the quarter. SG Americas Securities LLC’s holdings in Coca-Cola Consolidated were worth $587,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Coca-Cola Consolidated by 8.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,251 shares of the company’s stock valued at $23,289,000 after purchasing an additional 1,385 shares during the last quarter. Parallel Advisors LLC increased its stake in Coca-Cola Consolidated by 819.7% during the 2nd quarter. Parallel Advisors LLC now owns 653 shares of the company’s stock valued at $73,000 after purchasing an additional 582 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Coca-Cola Consolidated by 879.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 16,232 shares of the company’s stock worth $1,911,000 after buying an additional 14,574 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Coca-Cola Consolidated by 658.6% in the second quarter. UMB Bank n.a. now owns 660 shares of the company’s stock worth $74,000 after buying an additional 573 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of Coca-Cola Consolidated by 1,314.0% during the second quarter. Farther Finance Advisors LLC now owns 2,828 shares of the company’s stock worth $316,000 after buying an additional 2,628 shares during the period. Institutional investors and hedge funds own 48.24% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy”.

Coca-Cola Consolidated Stock Performance

COKE opened at $149.91 on Friday. The company has a current ratio of 2.04, a quick ratio of 1.79 and a debt-to-equity ratio of 0.88. Coca-Cola Consolidated, Inc. has a 12-month low of $105.21 and a 12-month high of $169.49. The firm has a 50 day moving average of $158.78 and a two-hundred day moving average of $134.12. The firm has a market capitalization of $12.81 billion, a PE ratio of 21.34 and a beta of 0.65.

Coca-Cola Consolidated Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 6th. Investors of record on Friday, January 23rd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, January 23rd. Coca-Cola Consolidated’s dividend payout ratio (DPR) is 14.25%.

About Coca-Cola Consolidated

Founded in 1902 and headquartered in Charlotte, North Carolina, Coca-Cola Consolidated, Inc is the largest independent bottler of Coca-Cola products in the United States. The company manufactures, sells and distributes a broad portfolio of sparkling and still beverages under exclusive agreements with The Coca-Cola Company. Its brand lineup includes Coca-Cola, Diet Coke, Sprite and Fanta, as well as noncarbonated offerings such as Minute Maid juices, Gold Peak teas, Dasani water, Powerade sports drinks and vitaminwater.

Coca-Cola Consolidated’s operations span 14 states and the District of Columbia across the Southeastern, South Central and Mid-Atlantic regions.