Coca-Cola Consolidated, Inc. $COKE Shares Sold by Navellier & Associates Inc.

Navellier & Associates Inc. decreased its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 8.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 35,852 shares of the company’s stock after selling 3,120 shares during the quarter. Navellier & Associates Inc.’s holdings in Coca-Cola Consolidated were worth $5,496,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Quarry LP bought a new position in Coca-Cola Consolidated in the third quarter worth about $25,000. Advisory Services Network LLC acquired a new position in shares of Coca-Cola Consolidated during the third quarter valued at approximately $25,000. Root Financial Partners LLC acquired a new position in Coca-Cola Consolidated in the third quarter worth approximately $26,000. Smartleaf Asset Management LLC grew its position in Coca-Cola Consolidated by 175.0% in the third quarter. Smartleaf Asset Management LLC now owns 220 shares of the company’s stock worth $26,000 after buying an additional 140 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. grew its position in Coca-Cola Consolidated by 900.0% in the second quarter. Newbridge Financial Services Group Inc. now owns 230 shares of the company’s stock worth $26,000 after buying an additional 207 shares during the last quarter. Institutional investors own 48.24% of the company’s stock.

Wall Street Analyst Weigh In

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

Coca-Cola Consolidated Price Performance

Shares of Coca-Cola Consolidated stock opened at $215.40 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 0.97 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $14.34 billion, a price-to-earnings ratio of 31.60 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 firm’s 50-day moving average price is $198.62 and its two-hundred day moving average price is $169.32.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $2.11 earnings per share for the quarter. The firm had revenue of $1.90 billion for the quarter. Coca-Cola Consolidated had a net margin of 7.89% and a return on equity of 66.42%.

Coca-Cola Consolidated Dividend Announcement

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

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.