Coca-Cola Consolidated, Inc. $COKE Shares Sold by Savant Capital LLC

Savant Capital LLC decreased its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 62.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,784 shares of the company’s stock after selling 4,551 shares during the period. Savant Capital LLC’s holdings in Coca-Cola Consolidated were worth $427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in COKE. State Street Corp grew its stake in shares of Coca-Cola Consolidated by 836.9% during the 2nd quarter. State Street Corp now owns 1,729,065 shares of the company’s stock worth $193,050,000 after purchasing an additional 1,544,516 shares during the period. AQR Capital Management LLC grew its stake in shares of 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 worth $131,906,000 after purchasing an additional 1,099,421 shares during the period. First Trust Advisors LP grew its stake in shares of Coca-Cola Consolidated by 119.3% during the 3rd quarter. First Trust Advisors LP now owns 1,433,570 shares of the company’s stock worth $167,957,000 after purchasing an additional 779,915 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Coca-Cola Consolidated by 153,487.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 417,757 shares of the company’s stock worth $64,042,000 after purchasing an additional 417,485 shares during the period. Finally, M&T Bank Corp acquired a new stake in shares of Coca-Cola Consolidated during the 4th quarter worth approximately $61,932,000. Institutional investors and hedge funds own 48.24% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Coca-Cola Consolidated has an average rating of “Buy”.

Coca-Cola Consolidated Trading Down 4.0%

Shares of NASDAQ:COKE opened at $170.27 on Friday. Coca-Cola Consolidated, Inc. has a 1 year low of $105.21 and a 1 year high of $219.65. The firm has a market capitalization of $11.33 billion, a price-to-earnings ratio of 23.29 and a beta of 0.55. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.23 and a quick ratio of 0.91. The business’s 50 day moving average price is $185.85 and its 200-day moving average price is $175.25.

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

Coca-Cola Consolidated Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 24th were given a dividend of $0.25 per share. The ex-dividend date was Friday, April 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is 13.68%.

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.