UBS Group AG Lowers Holdings in Coca-Cola Consolidated, Inc. $COKE

UBS Group AG reduced its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 48.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 117,512 shares of the company’s stock after selling 112,031 shares during the period. UBS Group AG’s holdings in Coca-Cola Consolidated were worth $18,015,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Fifth Third Bancorp boosted its stake in shares of Coca-Cola Consolidated by 16.0% in the third quarter. Fifth Third Bancorp now owns 528 shares of the company’s stock worth $62,000 after buying an additional 73 shares during the last quarter. Legacy Wealth Asset Management LLC grew its holdings in Coca-Cola Consolidated by 2.3% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 4,021 shares of the company’s stock worth $616,000 after acquiring an additional 89 shares during the period. Private Advisor Group LLC raised its position in Coca-Cola Consolidated by 2.2% during the third quarter. Private Advisor Group LLC now owns 4,297 shares of the company’s stock valued at $503,000 after acquiring an additional 94 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Coca-Cola Consolidated by 0.8% in the third quarter. Oregon Public Employees Retirement Fund now owns 12,080 shares of the company’s stock valued at $1,415,000 after acquiring an additional 100 shares during the period. Finally, Alliance Wealth Management Group lifted its holdings in Coca-Cola Consolidated by 1.2% in the fourth quarter. Alliance Wealth Management Group now owns 8,589 shares of the company’s stock valued at $1,317,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Performance

NASDAQ COKE opened at $172.46 on Wednesday. The stock has a market capitalization of $11.48 billion, a price-to-earnings ratio of 23.59 and a beta of 0.61. The stock has a 50-day moving average of $197.08 and a 200 day moving average of $171.07. The company has a current ratio of 1.23, a quick ratio of 0.91 and a debt-to-equity ratio of 0.88. Coca-Cola Consolidated, Inc. has a twelve month low of $105.21 and a twelve month high of $219.65.

Coca-Cola Consolidated (NASDAQ:COKE) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $1.79 EPS for the quarter. The business had revenue of $1.71 billion during the quarter. Coca-Cola Consolidated had a return on equity of 138.44% and a net margin of 7.72%.

Coca-Cola Consolidated Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 24th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Friday, April 24th. Coca-Cola Consolidated’s payout ratio is presently 13.68%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Coca-Cola Consolidated Profile

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.