Savant Capital LLC Increases Holdings in Coca-Cola Consolidated, Inc. $COKE

Savant Capital LLC raised its stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 130.7% during the third quarter, HoldingsChannel reports. The fund owned 7,335 shares of the company’s stock after buying an additional 4,156 shares during the period. Savant Capital LLC’s holdings in Coca-Cola Consolidated were worth $859,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in Coca-Cola Consolidated during the 2nd quarter valued at about $280,669,000. Boston Partners raised its holdings in Coca-Cola Consolidated by 942.2% in the 2nd quarter. Boston Partners now owns 2,089,876 shares of the company’s stock worth $233,345,000 after acquiring an additional 1,889,358 shares during the last quarter. State Street Corp lifted its position in Coca-Cola Consolidated by 836.9% in the 2nd quarter. State Street Corp now owns 1,729,065 shares of the company’s stock valued at $193,050,000 after acquiring an additional 1,544,516 shares in the last quarter. Geode Capital Management LLC boosted its stake in Coca-Cola Consolidated by 882.9% during the 2nd quarter. Geode Capital Management LLC now owns 1,302,088 shares of the company’s stock valued at $145,398,000 after purchasing an additional 1,169,611 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Coca-Cola Consolidated by 1,270.8% in the 2nd quarter. AQR Capital Management LLC now owns 1,185,937 shares of the company’s stock worth $131,906,000 after purchasing an additional 1,099,421 shares in the last quarter. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Up 1.7%

COKE opened at $159.14 on Thursday. The firm’s 50 day simple moving average is $156.19 and its two-hundred day simple moving average is $138.10. The company has a market capitalization of $13.60 billion, a PE ratio of 22.66 and a beta of 0.64. Coca-Cola Consolidated, Inc. has a 1-year low of $105.21 and a 1-year high of $169.49. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 6th. Investors of record on Friday, January 23rd were paid a dividend of $0.25 per share. The ex-dividend date was Friday, January 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. Coca-Cola Consolidated’s payout ratio is 14.25%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed 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, Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Coca-Cola Consolidated Company 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.