US Bancorp DE Cuts Stock Holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

US Bancorp DE reduced its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 86.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 141 shares of the company’s stock after selling 928 shares during the period. US Bancorp DE’s holdings in Coca-Cola Consolidated were worth $190,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC boosted its stake in Coca-Cola Consolidated by 175,140.4% in the 1st quarter. GAMMA Investing LLC now owns 182,250 shares of the company’s stock worth $246,038,000 after purchasing an additional 182,146 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Coca-Cola Consolidated by 4.4% in the 1st quarter. Bank of New York Mellon Corp now owns 60,812 shares of the company’s stock worth $82,097,000 after acquiring an additional 2,545 shares in the last quarter. Northern Trust Corp increased its holdings in Coca-Cola Consolidated by 27.3% in the 4th quarter. Northern Trust Corp now owns 51,778 shares of the company’s stock worth $65,240,000 after acquiring an additional 11,104 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Coca-Cola Consolidated by 4.4% in the 4th quarter. Ameriprise Financial Inc. now owns 43,896 shares of the company’s stock worth $55,308,000 after acquiring an additional 1,846 shares in the last quarter. Finally, Estuary Capital Management LP purchased a new stake in shares of Coca-Cola Consolidated during the fourth quarter worth $42,845,000. 48.24% of the stock is currently owned by institutional investors.

Coca-Cola Consolidated Trading Down 1.5%

Shares of COKE stock opened at $113.05 on Friday. The company’s 50-day moving average price is $112.44 and its 200-day moving average price is $131.07. The company has a current ratio of 2.04, a quick ratio of 1.78 and a debt-to-equity ratio of 0.88. The stock has a market cap of $9.82 billion, a price-to-earnings ratio of 16.87 and a beta of 0.81. Coca-Cola Consolidated, Inc. has a twelve month low of $105.21 and a twelve month high of $146.09.

Coca-Cola Consolidated (NASDAQ:COKE) last posted its earnings results on Thursday, July 24th. The company reported $2.24 EPS for the quarter. Coca-Cola Consolidated had a net margin of 8.43% and a return on equity of 44.91%. The company had revenue of $1.86 billion for the quarter.

Coca-Cola Consolidated Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Friday, July 25th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, July 25th. This represents a $1.00 dividend on an annualized basis and a yield of 0.9%. Coca-Cola Consolidated’s dividend payout ratio is 14.93%.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Coca-Cola Consolidated from a “hold” rating to a “buy” rating in a report on Saturday, July 26th.

Coca-Cola Consolidated 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.