Coca-Cola Consolidated, Inc. $COKE Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 1.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,344,684 shares of the company’s stock after selling 82,763 shares during the quarter. Vanguard Group Inc. owned about 0.06% of Coca-Cola Consolidated worth $626,183,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of COKE. Smartleaf Asset Management LLC lifted its stake in shares of Coca-Cola Consolidated by 175.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 220 shares of the company’s stock worth $26,000 after acquiring an additional 140 shares during the period. Root Financial Partners LLC acquired a new position in shares of Coca-Cola Consolidated in the 3rd quarter valued at $26,000. Nomura Asset Management Co. Ltd. increased its position in shares of Coca-Cola Consolidated by 900.0% in the second quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the company’s stock worth $26,000 after acquiring an additional 207 shares in the last quarter. Newbridge Financial Services Group Inc. grew its position in Coca-Cola Consolidated by 900.0% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 230 shares of the company’s stock worth $26,000 after purchasing an additional 207 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its position in Coca-Cola Consolidated by 900.0% during the second quarter. Geneos Wealth Management Inc. now owns 250 shares of the company’s stock valued at $28,000 after buying an additional 225 shares during the period. 48.24% of the stock is currently owned by institutional investors.

Coca-Cola Consolidated Trading Up 1.7%

Coca-Cola Consolidated stock opened at $185.30 on Tuesday. Coca-Cola Consolidated, Inc. has a 52 week low of $105.21 and a 52 week high of $188.11. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.97 and a current ratio of 1.26. The firm has a market capitalization of $15.83 billion, a PE ratio of 27.18 and a beta of 0.64. The business’s 50-day simple moving average is $157.22 and its 200-day simple moving average is $141.52.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $2.11 EPS for the quarter. Coca-Cola Consolidated had a return on equity of 66.42% and a net margin of 7.89%.The company had revenue of $1.90 billion for the quarter.

Coca-Cola Consolidated Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 6th. Shareholders of record on Friday, January 23rd were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. Coca-Cola Consolidated’s dividend payout ratio is 14.66%.

Wall Street Analyst Weigh In

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