DekaBank Deutsche Girozentrale decreased its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE – Get Rating) by 79.1% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 65 shares of the company’s stock after selling 246 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Coca-Cola Consolidated were worth $32,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in COKE. Maryland State Retirement & Pension System grew its stake in shares of Coca-Cola Consolidated by 1.3% in the fourth quarter. Maryland State Retirement & Pension System now owns 1,850 shares of the company’s stock valued at $1,146,000 after buying an additional 23 shares in the last quarter. Meritage Portfolio Management grew its stake in Coca-Cola Consolidated by 5.3% during the 4th quarter. Meritage Portfolio Management now owns 561 shares of the company’s stock worth $347,000 after purchasing an additional 28 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Coca-Cola Consolidated by 14.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 350 shares of the company’s stock worth $201,000 after purchasing an additional 45 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its holdings in Coca-Cola Consolidated by 416.7% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 62 shares of the company’s stock worth $31,000 after buying an additional 50 shares during the last quarter. Finally, CWM LLC purchased a new stake in Coca-Cola Consolidated during the 4th quarter worth about $32,000. Hedge funds and other institutional investors own 61.07% of the company’s stock.
Coca-Cola Consolidated Stock Down 0.6 %
Shares of NASDAQ COKE opened at $494.11 on Tuesday. The company has a market capitalization of $4.63 billion, a price-to-earnings ratio of 20.22 and a beta of 1.00. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.18 and a quick ratio of 0.87. The business has a 50-day moving average of $550.69 and a two-hundred day moving average of $529.49. Coca-Cola Consolidated, Inc. has a 1 year low of $378.15 and a 1 year high of $656.11.
Coca-Cola Consolidated Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, August 12th. Stockholders of record on Wednesday, July 20th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.20%. The ex-dividend date of this dividend is Tuesday, July 19th. Coca-Cola Consolidated’s payout ratio is currently 4.09%.
Analysts Set New Price Targets
Separately, StockNews.com started coverage on Coca-Cola Consolidated in a report on Thursday, March 31st. They set a “strong-buy” rating for the company.
Coca-Cola Consolidated Company Profile
Coca-Cola Consolidated, Inc, together with its subsidiaries, manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages, such as carbonated beverages; and still beverages, including energy products, as well as noncarbonated beverages comprising bottled water, ready to drink coffee and tea, enhanced water, juices, and sports drinks.
- Get a free copy of the StockNews.com research report on Coca-Cola Consolidated (COKE)
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