Arbejdsmarkedets Tillaegspension Acquires New Shares in Coca-Cola Consolidated, Inc. $COKE

Arbejdsmarkedets Tillaegspension acquired a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 134,400 shares of the company’s stock, valued at approximately $20,604,000.

Several other large investors have also bought and sold shares of the business. Envestnet Asset Management Inc. grew its holdings in shares of Coca-Cola Consolidated by 320.8% during the third quarter. Envestnet Asset Management Inc. now owns 82,171 shares of the company’s stock worth $9,627,000 after purchasing an additional 62,645 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Coca-Cola Consolidated by 11.0% during the third quarter. JPMorgan Chase & Co. now owns 244,805 shares of the company’s stock worth $28,681,000 after purchasing an additional 24,278 shares during the last quarter. Natixis Advisors LLC grew its holdings in shares of Coca-Cola Consolidated by 122.1% during the third quarter. Natixis Advisors LLC now owns 107,106 shares of the company’s stock worth $12,548,000 after purchasing an additional 58,890 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Coca-Cola Consolidated by 6.4% during the fourth quarter. Vanguard Group Inc. now owns 5,686,058 shares of the company’s stock worth $871,673,000 after purchasing an additional 341,374 shares during the last quarter. Finally, HighTower Advisors LLC grew its holdings in shares of Coca-Cola Consolidated by 76.8% during the third quarter. HighTower Advisors LLC now owns 18,039 shares of the company’s stock worth $2,114,000 after purchasing an additional 7,834 shares during the last quarter. 48.24% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Consolidated Trading Up 4.2%

Shares of Coca-Cola Consolidated stock opened at $170.27 on Friday. The stock has a fifty day simple moving average of $194.68 and a 200 day simple moving average of $171.58. Coca-Cola Consolidated, Inc. has a 12-month low of $105.21 and a 12-month high of $219.65. The company has a market capitalization of $11.33 billion, a P/E ratio of 23.29 and a beta of 0.61. The company has a current ratio of 1.23, a quick ratio of 0.91 and a debt-to-equity ratio of 0.88.

Coca-Cola Consolidated (NASDAQ:COKE) last announced 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 24th were given a dividend of $0.25 per share. The ex-dividend date was Friday, April 24th. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. Coca-Cola Consolidated’s dividend payout ratio is 13.68%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Coca-Cola Consolidated has an average rating of “Buy”.

Coca-Cola Consolidated 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.