WINTON GROUP Ltd Reduces Position in Coca-Cola Consolidated, Inc. $COKE

WINTON GROUP Ltd trimmed its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 75.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,117 shares of the company’s stock after selling 67,665 shares during the period. WINTON GROUP Ltd’s holdings in Coca-Cola Consolidated were worth $2,591,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. grew its stake in Coca-Cola Consolidated by 900.0% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the company’s stock valued at $26,000 after acquiring an additional 207 shares in the last quarter. Root Financial Partners LLC purchased a new position in Coca-Cola Consolidated in the 3rd quarter worth approximately $26,000. Smartleaf Asset Management LLC lifted its stake in Coca-Cola Consolidated by 175.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 220 shares of the company’s stock worth $26,000 after purchasing an additional 140 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its holdings in shares of Coca-Cola Consolidated by 900.0% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 230 shares of the company’s stock worth $26,000 after purchasing an additional 207 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Coca-Cola Consolidated by 900.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 250 shares of the company’s stock worth $28,000 after purchasing an additional 225 shares during the last quarter. 48.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Consolidated in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Coca-Cola Consolidated currently has an average rating of “Buy”.

Coca-Cola Consolidated Trading Up 0.4%

Shares of COKE stock opened at $207.66 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 0.97 and a debt-to-equity ratio of 0.88. Coca-Cola Consolidated, Inc. has a twelve month low of $105.21 and a twelve month high of $209.86. The company’s 50-day moving average price is $166.27 and its 200-day moving average price is $148.28. The stock has a market cap of $13.82 billion, a price-to-earnings ratio of 30.46 and a beta of 0.60.

Coca-Cola Consolidated (NASDAQ:COKE) last released its quarterly earnings data on Wednesday, February 18th. The company reported $2.11 earnings per share (EPS) for the quarter. Coca-Cola Consolidated had a net margin of 7.89% and a return on equity of 66.42%. The firm had revenue of $1.90 billion during the quarter.

Coca-Cola Consolidated Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 6th. Stockholders of record on Friday, January 23rd were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. Coca-Cola Consolidated’s dividend payout ratio is 14.66%.

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.