Coca-Cola Consolidated, Inc. $COKE Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA reduced its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 29.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 27,224 shares of the company’s stock after selling 11,116 shares during the period. Pictet Asset Management Holding SA’s holdings in Coca-Cola Consolidated were worth $4,173,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of COKE. Quarry LP acquired a new position in shares of Coca-Cola Consolidated in the third quarter worth about $25,000. Advisory Services Network LLC purchased a new position in Coca-Cola Consolidated in the third quarter valued at about $25,000. Root Financial Partners LLC acquired a new stake in Coca-Cola Consolidated during the 3rd quarter valued at approximately $26,000. Smartleaf Asset Management LLC grew its stake in Coca-Cola Consolidated by 175.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 220 shares of the company’s stock valued at $26,000 after purchasing an additional 140 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. increased its holdings in 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. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Consolidated Price Performance

Shares of COKE stock opened at $203.92 on Monday. The firm has a fifty day moving average of $197.96 and a two-hundred day moving average of $168.70. The firm has a market cap of $13.57 billion, a P/E ratio of 29.91 and a beta of 0.61. Coca-Cola Consolidated, Inc. has a 1-year low of $105.21 and a 1-year high of $219.65. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.26 and a quick ratio of 0.97.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its earnings results 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 business had revenue of $1.90 billion for the quarter.

Coca-Cola Consolidated Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 24th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, April 24th. This represents a $1.00 annualized dividend and a yield of 0.5%. Coca-Cola Consolidated’s dividend payout ratio is presently 14.66%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus 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.