Coca-Cola Consolidated, Inc. $COKE Shares Sold by LSV Asset Management

LSV Asset Management cut its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 53.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 43,500 shares of the company’s stock after selling 50,800 shares during the period. LSV Asset Management’s holdings in Coca-Cola Consolidated were worth $5,096,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

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

Coca-Cola Consolidated Price Performance

Shares of NASDAQ COKE opened at $161.91 on Monday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.79 and a current ratio of 2.04. Coca-Cola Consolidated, Inc. has a one year low of $105.21 and a one year high of $169.49. The firm has a market capitalization of $13.84 billion, a P/E ratio of 23.05 and a beta of 0.64. The company’s fifty day moving average is $156.02 and its two-hundred day moving average is $138.93.

Coca-Cola Consolidated Dividend Announcement

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