Inspire Investing LLC Has $316,000 Stock Holdings in Coca-Cola Consolidated, Inc. $COKE

Inspire Investing LLC lessened its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 76.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 234 shares of the company’s stock after selling 778 shares during the period. Inspire Investing LLC’s holdings in Coca-Cola Consolidated were worth $316,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in COKE. Jones Financial Companies Lllp boosted its position in shares of Coca-Cola Consolidated by 265,541.3% during the 1st quarter. Jones Financial Companies Lllp now owns 502,062 shares of the company’s stock worth $677,784,000 after purchasing an additional 501,873 shares in the last quarter. Boston Partners increased its holdings in shares of Coca-Cola Consolidated by 676.9% during the first quarter. Boston Partners now owns 200,518 shares of the company’s stock valued at $270,711,000 after acquiring an additional 174,709 shares in the last quarter. GAMMA Investing LLC raised its holdings in Coca-Cola Consolidated by 175,140.4% during the first quarter. GAMMA Investing LLC now owns 182,250 shares of the company’s stock worth $246,038,000 after buying an additional 182,146 shares during the last quarter. AQR Capital Management LLC boosted its stake in Coca-Cola Consolidated by 16.2% during the 1st quarter. AQR Capital Management LLC now owns 86,516 shares of the company’s stock valued at $114,206,000 after purchasing an additional 12,066 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position 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 valued at $82,097,000 after buying an additional 2,545 shares during the last quarter. 48.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

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 Price Performance

Shares of COKE stock opened at $118.53 on Thursday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.78 and a current ratio of 2.04. Coca-Cola Consolidated, Inc. has a fifty-two week low of $105.21 and a fifty-two week high of $146.09. The firm has a market cap of $10.30 billion, a P/E ratio of 17.69 and a beta of 0.76. The business’s 50 day moving average price is $116.17 and its 200-day moving average price is $127.82.

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

Coca-Cola Consolidated Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Friday, July 25th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, July 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.8%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is presently 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.