Russell Investments Group Ltd. Decreases Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Russell Investments Group Ltd. trimmed its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 8.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 10,784 shares of the company’s stock after selling 1,026 shares during the quarter. Russell Investments Group Ltd.’s holdings in Coca-Cola Consolidated were worth $10,020,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in COKE. Headlands Technologies LLC purchased a new position in shares of Coca-Cola Consolidated in the 4th quarter valued at $122,000. Meritage Portfolio Management grew its holdings in shares of Coca-Cola Consolidated by 2.1% during the fourth quarter. Meritage Portfolio Management now owns 743 shares of the company’s stock worth $690,000 after purchasing an additional 15 shares during the last quarter. Atria Wealth Solutions Inc. grew its holdings in shares of Coca-Cola Consolidated by 2.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 1,512 shares of the company’s stock worth $1,403,000 after purchasing an additional 31 shares during the last quarter. Yousif Capital Management LLC increased its position in shares of Coca-Cola Consolidated by 2.7% during the fourth quarter. Yousif Capital Management LLC now owns 1,694 shares of the company’s stock worth $1,573,000 after purchasing an additional 45 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC purchased a new stake in shares of Coca-Cola Consolidated in the 4th quarter valued at about $265,000. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Stock Performance

Shares of Coca-Cola Consolidated stock opened at $853.40 on Monday. The firm’s fifty day simple moving average is $832.46 and its 200-day simple moving average is $814.79. Coca-Cola Consolidated, Inc. has a 12 month low of $610.47 and a 12 month high of $961.91. The stock has a market capitalization of $8.00 billion, a price-to-earnings ratio of 19.63 and a beta of 0.73. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.56 and a quick ratio of 1.27.

Coca-Cola Consolidated (NASDAQ:COKE) last issued 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 company had revenue of $1.63 billion for the quarter.

Coca-Cola Consolidated Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 26th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.23%. The ex-dividend date of this dividend is Thursday, April 25th. Coca-Cola Consolidated’s dividend payout ratio is presently 4.60%.

Analyst Ratings Changes

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

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.