South Dakota Investment Council boosted its position in shares of Coca-Cola Consolidated Inc (NASDAQ:COKE) by 14.8% in the 1st quarter, HoldingsChannel reports. The fund owned 3,330 shares of the company’s stock after acquiring an additional 430 shares during the period. South Dakota Investment Council’s holdings in Coca-Cola Consolidated were worth $958,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quadrant Capital Group LLC grew its holdings in Coca-Cola Consolidated by 529.4% during the 1st quarter. Quadrant Capital Group LLC now owns 107 shares of the company’s stock worth $29,000 after acquiring an additional 90 shares in the last quarter. Investors Research Corp acquired a new position in Coca-Cola Consolidated during the 1st quarter worth approximately $40,000. Meeder Asset Management Inc. acquired a new position in Coca-Cola Consolidated during the 1st quarter worth approximately $51,000. Acadian Asset Management LLC acquired a new position in Coca-Cola Consolidated during the 4th quarter worth approximately $71,000. Finally, Valeo Financial Advisors LLC grew its holdings in Coca-Cola Consolidated by 34.8% during the 1st quarter. Valeo Financial Advisors LLC now owns 271 shares of the company’s stock worth $78,000 after acquiring an additional 70 shares in the last quarter. Institutional investors own 39.15% of the company’s stock.
Several research analysts have commented on COKE shares. TheStreet cut shares of Coca-Cola Consolidated from a “b” rating to a “c+” rating in a report on Wednesday, February 27th. ValuEngine upgraded shares of Coca-Cola Consolidated from a “hold” rating to a “buy” rating in a research report on Tuesday, March 5th. Finally, BidaskClub upgraded shares of Coca-Cola Consolidated from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 12th.
COKE stock opened at $364.50 on Wednesday. Coca-Cola Consolidated Inc has a 12 month low of $125.08 and a 12 month high of $413.39. The firm has a market capitalization of $3.73 billion, a P/E ratio of 64.18 and a beta of 0.80. The company has a quick ratio of 1.05, a current ratio of 1.45 and a debt-to-equity ratio of 2.73.
Coca-Cola Consolidated (NASDAQ:COKE) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of ($0.83) by $1.19. Coca-Cola Consolidated had a negative net margin of 0.27% and a positive return on equity of 12.79%. The firm had revenue of $1.10 billion during the quarter.
The firm also recently declared a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, April 26th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, April 25th. This represents a $1.00 annualized dividend and a yield of 0.27%.
In related news, Director John W. Murrey III sold 1,000 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $379.60, for a total value of $379,600.00. Following the completion of the sale, the director now owns 500 shares in the company, valued at approximately $189,800. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.01% of the stock is owned by corporate insiders.
About Coca-Cola Consolidated
Coca-Cola Consolidated, Inc, together with its subsidiaries, produces, markets, and distributes nonalcoholic beverages, primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages, including carbonated beverages; and still beverages, such as energy products, as well as noncarbonated beverages comprising bottled water, tea, ready to drink coffee, enhanced water, juices, and sports drinks.
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