Universal Beteiligungs und Servicegesellschaft mbH Has $3.16 Million Position in Coca-Cola Consolidated, Inc. $COKE

Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 22.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,983 shares of the company’s stock after acquiring an additional 4,893 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Coca-Cola Consolidated were worth $3,161,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Blue Trust Inc. boosted its position in Coca-Cola Consolidated by 9.8% during the third quarter. Blue Trust Inc. now owns 909 shares of the company’s stock valued at $106,000 after purchasing an additional 81 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in Coca-Cola Consolidated by 0.8% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 12,080 shares of the company’s stock worth $1,415,000 after purchasing an additional 100 shares during the last quarter. Forum Financial Management LP raised its stake in shares of Coca-Cola Consolidated by 5.4% during the 3rd quarter. Forum Financial Management LP now owns 2,014 shares of the company’s stock worth $236,000 after purchasing an additional 103 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Coca-Cola Consolidated by 12.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,162 shares of the company’s stock valued at $136,000 after buying an additional 125 shares during the last quarter. Finally, Inspire Investing LLC lifted its holdings in shares of Coca-Cola Consolidated by 5.2% during the 3rd quarter. Inspire Investing LLC now owns 2,643 shares of the company’s stock valued at $310,000 after buying an additional 131 shares during the last quarter. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Consolidated in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy”.

Coca-Cola Consolidated Stock Down 0.7%

Shares of Coca-Cola Consolidated stock opened at $149.50 on Thursday. Coca-Cola Consolidated, Inc. has a 12-month low of $105.21 and a 12-month high of $169.49. 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 stock has a 50 day moving average price of $157.88 and a two-hundred day moving average price of $135.25. The stock has a market capitalization of $12.77 billion, a P/E ratio of 21.28 and a beta of 0.65.

Coca-Cola Consolidated Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 6th. Investors of record on Friday, January 23rd will be paid a $0.25 dividend. The ex-dividend date is Friday, January 23rd. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is presently 14.25%.

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.