Coca-Cola Consolidated, Inc. $COKE Stock Holdings Lifted by Voya Investment Management LLC

Voya Investment Management LLC boosted its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 28.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,228 shares of the company’s stock after purchasing an additional 1,598 shares during the quarter. Voya Investment Management LLC’s holdings in Coca-Cola Consolidated were worth $9,758,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Linden Thomas Advisory Services LLC lifted its position in Coca-Cola Consolidated by 3.5% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 265 shares of the company’s stock valued at $358,000 after purchasing an additional 9 shares during the last quarter. Sunbelt Securities Inc. lifted its position in Coca-Cola Consolidated by 10.8% in the 4th quarter. Sunbelt Securities Inc. now owns 103 shares of the company’s stock valued at $128,000 after purchasing an additional 10 shares during the last quarter. State of Alaska Department of Revenue lifted its position in Coca-Cola Consolidated by 0.3% in the 1st quarter. State of Alaska Department of Revenue now owns 3,973 shares of the company’s stock valued at $5,363,000 after purchasing an additional 10 shares during the last quarter. HBK Sorce Advisory LLC lifted its position in Coca-Cola Consolidated by 2.9% in the 1st quarter. HBK Sorce Advisory LLC now owns 357 shares of the company’s stock valued at $481,000 after purchasing an additional 10 shares during the last quarter. Finally, Monument Capital Management lifted its position in Coca-Cola Consolidated by 0.3% in the 1st quarter. Monument Capital Management now owns 3,955 shares of the company’s stock valued at $5,339,000 after purchasing an additional 10 shares during the last quarter. 48.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Coca-Cola Consolidated Stock Down 3.3%

Coca-Cola Consolidated stock opened at $117.80 on Wednesday. The stock has a market cap of $10.24 billion, a price-to-earnings ratio of 17.58 and a beta of 0.76. 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 company’s 50-day moving average price is $116.06 and its two-hundred day moving average price is $127.88. Coca-Cola Consolidated, Inc. has a 52 week low of $105.21 and a 52 week high of $146.09.

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

Coca-Cola Consolidated Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Friday, July 25th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, July 25th. This represents a $1.00 annualized dividend and a dividend yield of 0.8%. Coca-Cola Consolidated’s payout ratio is currently 14.93%.

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.