UBS Group AG Sells 112,031 Shares of Coca-Cola Consolidated, Inc. $COKE

UBS Group AG trimmed its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 48.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 117,512 shares of the company’s stock after selling 112,031 shares during the quarter. UBS Group AG owned approximately 0.14% of Coca-Cola Consolidated worth $18,015,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of COKE. Vanguard Group Inc. grew its stake in Coca-Cola Consolidated by 6.4% in the fourth quarter. Vanguard Group Inc. now owns 5,686,058 shares of the company’s stock valued at $871,673,000 after purchasing an additional 341,374 shares during the last quarter. Boston Partners lifted its position in shares of Coca-Cola Consolidated by 3.4% during the third quarter. Boston Partners now owns 2,160,088 shares of the company’s stock valued at $253,207,000 after buying an additional 70,212 shares during the last quarter. State Street Corp boosted its holdings in shares of Coca-Cola Consolidated by 836.9% in the 2nd quarter. State Street Corp now owns 1,729,065 shares of the company’s stock valued at $193,050,000 after buying an additional 1,544,516 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Coca-Cola Consolidated by 119.3% in the 3rd quarter. First Trust Advisors LP now owns 1,433,570 shares of the company’s stock valued at $167,957,000 after buying an additional 779,915 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Coca-Cola Consolidated by 15.5% in the 3rd quarter. AQR Capital Management LLC now owns 1,369,718 shares of the company’s stock worth $160,476,000 after buying an additional 183,781 shares during the last quarter. Institutional investors own 48.24% of the company’s stock.

Analyst Upgrades and Downgrades

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

Coca-Cola Consolidated Stock Up 1.2%

NASDAQ:COKE opened at $172.46 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 0.91 and a debt-to-equity ratio of 0.88. Coca-Cola Consolidated, Inc. has a twelve month low of $105.21 and a twelve month high of $219.65. The company has a market cap of $11.48 billion, a PE ratio of 23.59 and a beta of 0.61. The company’s 50 day moving average is $197.08 and its two-hundred day moving average is $171.07.

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

Coca-Cola Consolidated Dividend Announcement

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

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.