State of Wyoming Sells 3,651 Shares of Coca-Cola Consolidated, Inc. $COKE

State of Wyoming lessened its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 93.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 264 shares of the company’s stock after selling 3,651 shares during the period. State of Wyoming’s holdings in Coca-Cola Consolidated were worth $31,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank acquired a new position in Coca-Cola Consolidated during the 2nd quarter worth about $280,669,000. Boston Partners raised its position in shares of Coca-Cola Consolidated by 942.2% during the second quarter. Boston Partners now owns 2,089,876 shares of the company’s stock worth $233,345,000 after acquiring an additional 1,889,358 shares during the last quarter. State Street Corp lifted its stake in shares of Coca-Cola Consolidated by 836.9% in the second quarter. State Street Corp now owns 1,729,065 shares of the company’s stock worth $193,050,000 after acquiring an additional 1,544,516 shares during the period. Geode Capital Management LLC boosted its holdings in Coca-Cola Consolidated by 882.9% in the second quarter. Geode Capital Management LLC now owns 1,302,088 shares of the company’s stock valued at $145,398,000 after acquiring an additional 1,169,611 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in Coca-Cola Consolidated by 1,270.8% during the 2nd quarter. AQR Capital Management LLC now owns 1,185,937 shares of the company’s stock valued at $131,906,000 after purchasing an additional 1,099,421 shares during the period. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Coca-Cola Consolidated Stock Down 1.1%

Coca-Cola Consolidated stock opened at $161.91 on Friday. The firm has a market capitalization of $13.84 billion, a price-to-earnings ratio of 23.05 and a beta of 0.64. The firm’s fifty day moving average price is $156.02 and its two-hundred day moving average price is $138.77. Coca-Cola Consolidated, Inc. has a 1-year low of $105.21 and a 1-year high of $169.49. The company has a current ratio of 2.04, a quick ratio of 1.79 and a debt-to-equity ratio of 0.88.

Coca-Cola Consolidated Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 6th. Investors of record on Friday, January 23rd were issued a dividend of $0.25 per share. The ex-dividend date was Friday, January 23rd. This represents a $1.00 annualized dividend and a yield of 0.6%. Coca-Cola Consolidated’s dividend payout ratio is 14.25%.

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.