Voya Investment Management LLC Has $4.99 Million Position in Coca-Cola Consolidated, Inc. $COKE

Voya Investment Management LLC cut its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 39.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,629 shares of the company’s stock after selling 27,787 shares during the period. Voya Investment Management LLC’s holdings in Coca-Cola Consolidated were worth $4,994,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Coca-Cola Consolidated during the second quarter valued at $280,669,000. Boston Partners increased its holdings in Coca-Cola Consolidated by 942.2% in the second quarter. Boston Partners now owns 2,089,876 shares of the company’s stock valued at $233,345,000 after purchasing an additional 1,889,358 shares during the period. State Street Corp raised its position in Coca-Cola Consolidated by 836.9% during the 2nd quarter. State Street Corp now owns 1,729,065 shares of the company’s stock worth $193,050,000 after purchasing an additional 1,544,516 shares during the last quarter. Diversified Trust Co raised its position in Coca-Cola Consolidated by 900.0% during the 2nd quarter. Diversified Trust Co now owns 1,462,487 shares of the company’s stock worth $163,287,000 after purchasing an additional 1,316,233 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Coca-Cola Consolidated by 882.9% during the 2nd quarter. Geode Capital Management LLC now owns 1,302,088 shares of the company’s stock worth $145,398,000 after buying an additional 1,169,611 shares during the period. 48.24% of the stock is owned by institutional investors.

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. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy”.

Coca-Cola Consolidated Price Performance

COKE stock opened at $164.38 on Friday. The company has a quick ratio of 1.79, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. The firm has a market cap of $14.05 billion, a price-to-earnings ratio of 23.40 and a beta of 0.63. The company’s fifty day simple moving average is $152.44 and its 200 day simple moving average is $128.37. Coca-Cola Consolidated, Inc. has a 12-month low of $105.21 and a 12-month high of $169.49.

Coca-Cola Consolidated Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Friday, October 24th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, October 24th. Coca-Cola Consolidated’s payout ratio is currently 14.25%.

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.