Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Holdings Lowered by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKEGet Rating) by 29.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,900 shares of the company’s stock after selling 2,436 shares during the period. Envestnet Asset Management Inc. owned about 0.06% of Coca-Cola Consolidated worth $3,327,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Eaton Vance Management lifted its holdings in shares of Coca-Cola Consolidated by 4.4% during the first quarter. Eaton Vance Management now owns 455 shares of the company’s stock valued at $226,000 after purchasing an additional 19 shares during the last quarter. Bank of Montreal Can lifted its stake in Coca-Cola Consolidated by 1.2% in the 1st quarter. Bank of Montreal Can now owns 1,665 shares of the company’s stock worth $825,000 after acquiring an additional 20 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in Coca-Cola Consolidated by 0.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 4,052 shares of the company’s stock worth $2,067,000 after acquiring an additional 24 shares in the last quarter. Captrust Financial Advisors lifted its stake in Coca-Cola Consolidated by 6.2% in the 1st quarter. Captrust Financial Advisors now owns 530 shares of the company’s stock worth $263,000 after acquiring an additional 31 shares in the last quarter. Finally, Mutual of America Capital Management LLC lifted its stake in Coca-Cola Consolidated by 5.5% in the 1st quarter. Mutual of America Capital Management LLC now owns 669 shares of the company’s stock worth $332,000 after acquiring an additional 35 shares in the last quarter. 38.11% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Stock Down 2.9 %

COKE opened at $455.49 on Tuesday. Coca-Cola Consolidated, Inc. has a fifty-two week low of $405.03 and a fifty-two week high of $656.11. The business has a 50-day moving average of $448.74 and a 200-day moving average of $499.42. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.40 and a quick ratio of 1.05. The company has a market capitalization of $4.27 billion, a PE ratio of 12.93 and a beta of 0.98.

Coca-Cola Consolidated Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Stockholders of record on Thursday, October 27th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date was Wednesday, October 26th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is presently 2.84%.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Coca-Cola Consolidated in a research note on Wednesday, October 12th. They issued a “strong-buy” rating for the company.

Coca-Cola Consolidated Profile

(Get Rating)

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.

Further Reading

Institutional Ownership by Quarter for Coca-Cola Consolidated (NASDAQ:COKE)

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