Illinois Municipal Retirement Fund Purchases 7,540 Shares of Coca-Cola Consolidated, Inc. $COKE

Illinois Municipal Retirement Fund boosted its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 21.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 42,730 shares of the company’s stock after purchasing an additional 7,540 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Coca-Cola Consolidated were worth $5,006,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Coca-Cola Consolidated in the 2nd quarter valued at $280,669,000. Boston Partners raised its stake in Coca-Cola Consolidated by 942.2% during the 2nd quarter. Boston Partners now owns 2,089,876 shares of the company’s stock worth $233,345,000 after buying an additional 1,889,358 shares during the period. State Street Corp lifted its holdings in Coca-Cola Consolidated by 836.9% during the second quarter. State Street Corp now owns 1,729,065 shares of the company’s stock worth $193,050,000 after acquiring an additional 1,544,516 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Coca-Cola Consolidated by 882.9% during the second quarter. Geode Capital Management LLC now owns 1,302,088 shares of the company’s stock worth $145,398,000 after acquiring an additional 1,169,611 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in Coca-Cola Consolidated by 1,270.8% in the second quarter. AQR Capital Management LLC now owns 1,185,937 shares of the company’s stock valued at $131,906,000 after acquiring an additional 1,099,421 shares during the period. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Price Performance

COKE stock opened at $161.91 on Friday. The stock has a 50-day moving average price of $156.02 and a two-hundred day moving average price of $138.77. The stock has a market cap of $13.84 billion, a PE ratio of 23.05 and a beta of 0.64. The company has a current ratio of 2.04, a quick ratio of 1.79 and a debt-to-equity ratio of 0.88. Coca-Cola Consolidated, Inc. has a 1 year low of $105.21 and a 1 year high of $169.49.

Coca-Cola Consolidated Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. Coca-Cola Consolidated’s dividend payout ratio is 14.25%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Coca-Cola Consolidated presently 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.