Coca-Cola Consolidated, Inc. $COKE Stake Reduced by Reinhart Partners LLC.

Reinhart Partners LLC. cut its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 27.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 45,078 shares of the company’s stock after selling 16,780 shares during the quarter. Reinhart Partners LLC.’s holdings in Coca-Cola Consolidated were worth $6,911,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COKE. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Coca-Cola Consolidated by 8.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,251 shares of the company’s stock worth $23,289,000 after acquiring an additional 1,385 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Coca-Cola Consolidated by 1,587.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 270 shares of the company’s stock worth $30,000 after acquiring an additional 254 shares in the last quarter. Baird Financial Group Inc. raised its position in Coca-Cola Consolidated by 795.4% in the second quarter. Baird Financial Group Inc. now owns 9,966 shares of the company’s stock worth $1,113,000 after acquiring an additional 8,853 shares in the last quarter. Marshall Wace LLP raised its position in Coca-Cola Consolidated by 5,152.8% in the second quarter. Marshall Wace LLP now owns 18,910 shares of the company’s stock worth $2,111,000 after acquiring an additional 18,550 shares in the last quarter. Finally, Cresset Asset Management LLC raised its position in Coca-Cola Consolidated by 169.0% in the second quarter. Cresset Asset Management LLC now owns 4,589 shares of the company’s stock worth $512,000 after acquiring an additional 2,883 shares in the last quarter. 48.24% of the stock is currently owned by institutional investors.

Coca-Cola Consolidated Price Performance

NASDAQ COKE opened at $175.00 on Wednesday. The stock’s 50-day moving average price is $186.90 and its two-hundred day moving average price is $174.93. The company has a current ratio of 1.23, a quick ratio of 0.91 and a debt-to-equity ratio of 0.88. The company has a market cap of $11.65 billion, a PE ratio of 23.94 and a beta of 0.55. Coca-Cola Consolidated, Inc. has a 1 year low of $105.21 and a 1 year high of $219.65.

Coca-Cola Consolidated (NASDAQ:COKE) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $1.79 earnings per share (EPS) for the quarter. The firm had revenue of $1.71 billion for 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 disclosed a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 24th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.6%. The ex-dividend date was Friday, April 24th. Coca-Cola Consolidated’s payout ratio is presently 13.68%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Friday, March 27th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Coca-Cola Consolidated presently has a consensus rating of “Buy”.

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.