Coca-Cola Consolidated, Inc. $COKE Shares Bought by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. lifted its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 6.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 574,165 shares of the company’s stock after acquiring an additional 36,525 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Coca-Cola Consolidated were worth $88,019,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Quarry LP acquired a new stake in shares of Coca-Cola Consolidated during the third quarter worth $25,000. Advisory Services Network LLC purchased a new position in Coca-Cola Consolidated in the 3rd quarter worth about $25,000. Root Financial Partners LLC acquired a new stake in Coca-Cola Consolidated during the 3rd quarter worth about $26,000. Smartleaf Asset Management LLC raised its holdings in Coca-Cola Consolidated by 175.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 220 shares of the company’s stock worth $26,000 after buying an additional 140 shares during the period. Finally, Newbridge Financial Services Group Inc. lifted its stake in Coca-Cola Consolidated by 900.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 230 shares of the company’s stock valued at $26,000 after buying an additional 207 shares in the last quarter. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Consolidated Trading Up 2.5%

NASDAQ:COKE opened at $185.79 on Tuesday. The stock has a market cap of $12.37 billion, a PE ratio of 27.25 and a beta of 0.60. Coca-Cola Consolidated, Inc. has a fifty-two week low of $105.21 and a fifty-two week high of $219.65. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.26 and a quick ratio of 0.97. The stock’s 50-day moving average is $180.10 and its two-hundred day moving average is $156.26.

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

Coca-Cola Consolidated Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 6th. Shareholders of record on Friday, January 23rd were given a $0.25 dividend. The ex-dividend date 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 presently 14.66%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Friday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Coca-Cola Consolidated 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.