Coca-Cola Consolidated, Inc. $COKE Shares Sold by Reinhart Partners LLC.

Reinhart Partners LLC. decreased its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 27.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 45,078 shares of the company’s stock after selling 16,780 shares during the quarter. Reinhart Partners LLC. owned about 0.05% of Coca-Cola Consolidated worth $6,911,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of COKE. Quarry LP acquired a new position in shares of Coca-Cola Consolidated during the third quarter valued at $25,000. Advisory Services Network LLC acquired a new position in shares of Coca-Cola Consolidated during the third quarter valued at $25,000. Smartleaf Asset Management LLC boosted its holdings in shares of Coca-Cola Consolidated by 175.0% during the third quarter. Smartleaf Asset Management LLC now owns 220 shares of the company’s stock valued at $26,000 after acquiring an additional 140 shares during the period. Newbridge Financial Services Group Inc. boosted its holdings in shares of Coca-Cola Consolidated by 900.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 230 shares of the company’s stock valued at $26,000 after acquiring an additional 207 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Coca-Cola Consolidated by 900.0% during the second quarter. Geneos Wealth Management Inc. now owns 250 shares of the company’s stock valued at $28,000 after acquiring an additional 225 shares during the period. Institutional investors and hedge funds own 48.24% of the company’s stock.

Analysts Set New Price Targets

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

Coca-Cola Consolidated Stock Performance

COKE stock opened at $175.00 on Wednesday. The company has a market capitalization of $11.65 billion, a P/E ratio of 23.94 and a beta of 0.55. The company has a 50-day simple moving average of $186.90 and a 200 day simple moving average of $174.93. Coca-Cola Consolidated, Inc. has a fifty-two week low of $105.21 and a fifty-two week high of $219.65. The company has a quick ratio of 0.91, a current ratio of 1.23 and a debt-to-equity ratio of 0.88.

Coca-Cola Consolidated (NASDAQ:COKE) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $1.79 earnings per share for the quarter. The business had revenue of $1.71 billion during the quarter. Coca-Cola Consolidated had a net margin of 7.72% and a return on equity of 138.44%.

Coca-Cola Consolidated Dividend Announcement

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

Coca-Cola Consolidated Company 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.