Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Position Cut by Raymond James & Associates

Raymond James & Associates lowered its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 4.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 775 shares of the company’s stock after selling 38 shares during the period. Raymond James & Associates’ holdings in Coca-Cola Consolidated were worth $720,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. First Command Advisory Services Inc. bought a new position in Coca-Cola Consolidated in the 3rd quarter worth about $38,000. Fifth Third Bancorp grew its holdings in Coca-Cola Consolidated by 163.0% in the 3rd quarter. Fifth Third Bancorp now owns 71 shares of the company’s stock worth $45,000 after buying an additional 44 shares in the last quarter. Sunbelt Securities Inc. grew its holdings in Coca-Cola Consolidated by 100.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 74 shares of the company’s stock worth $47,000 after buying an additional 37 shares in the last quarter. Covestor Ltd raised its stake in Coca-Cola Consolidated by 40.4% during the 3rd quarter. Covestor Ltd now owns 132 shares of the company’s stock valued at $85,000 after acquiring an additional 38 shares in the last quarter. Finally, Larson Financial Group LLC raised its stake in Coca-Cola Consolidated by 132.9% during the 3rd quarter. Larson Financial Group LLC now owns 177 shares of the company’s stock valued at $112,000 after acquiring an additional 101 shares in the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised Coca-Cola Consolidated from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 23rd.

Coca-Cola Consolidated Stock Performance

Shares of COKE opened at $831.01 on Wednesday. The firm has a market capitalization of $7.79 billion, a PE ratio of 19.07 and a beta of 0.74. The company has a quick ratio of 1.27, a current ratio of 1.56 and a debt-to-equity ratio of 0.42. The firm has a 50-day moving average price of $833.69 and a 200 day moving average price of $802.38. Coca-Cola Consolidated, Inc. has a 52-week low of $552.36 and a 52-week high of $961.91.

Coca-Cola Consolidated (NASDAQ:COKE) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $13.39 earnings per share (EPS) for the quarter. Coca-Cola Consolidated had a net margin of 6.14% and a return on equity of 44.12%. The business had revenue of $1.63 billion during the quarter.

Coca-Cola Consolidated Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend is Thursday, April 25th. Coca-Cola Consolidated’s dividend payout ratio is presently 4.60%.

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; 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.