Coca-Cola Consolidated, Inc. $COKE Stake Lessened by Janus Henderson Group PLC

Janus Henderson Group PLC lessened its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 11.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 131,742 shares of the company’s stock after selling 16,542 shares during the quarter. Janus Henderson Group PLC’s holdings in Coca-Cola Consolidated were worth $25,258,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. State Street Corp lifted its stake 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 worth $193,050,000 after acquiring an additional 1,544,516 shares in the last quarter. Norges Bank purchased a new position in Coca-Cola Consolidated during the 4th quarter valued at about $222,408,000. 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 valued at $131,906,000 after purchasing an additional 1,099,421 shares during the period. First Trust Advisors LP increased its holdings in shares of Coca-Cola Consolidated by 42.1% in the 4th quarter. First Trust Advisors LP now owns 2,037,083 shares of the company’s stock valued at $312,285,000 after purchasing an additional 603,513 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Coca-Cola Consolidated by 153,487.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 417,757 shares of the company’s stock worth $64,042,000 after purchasing an additional 417,485 shares in the last quarter. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Consolidated in a report on Wednesday, June 24th. One 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 Trading Down 3.8%

NASDAQ COKE opened at $180.76 on Tuesday. Coca-Cola Consolidated, Inc. has a 1-year low of $110.60 and a 1-year high of $219.65. The firm’s fifty day simple moving average is $182.69 and its 200-day simple moving average is $182.45. The company has a market capitalization of $12.03 billion, a PE ratio of 24.73 and a beta of 0.55.

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

Coca-Cola Consolidated Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 24th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, July 24th. Coca-Cola Consolidated’s payout ratio is currently 13.68%.

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.