Boston Partners Has $233.35 Million Position in Coca-Cola Consolidated, Inc. $COKE

Boston Partners grew its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 942.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,089,876 shares of the company’s stock after acquiring an additional 1,889,358 shares during the period. Boston Partners owned about 2.41% of Coca-Cola Consolidated worth $233,345,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of COKE. Diversified Trust Co lifted its stake in shares of Coca-Cola Consolidated by 900.0% during the 2nd quarter. Diversified Trust Co now owns 1,462,487 shares of the company’s stock worth $163,287,000 after buying an additional 1,316,233 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Coca-Cola Consolidated by 886.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 600,152 shares of the company’s stock valued at $67,007,000 after acquiring an additional 539,340 shares during the period. Jones Financial Companies Lllp lifted its position in Coca-Cola Consolidated by 265,541.3% during the first quarter. Jones Financial Companies Lllp now owns 502,062 shares of the company’s stock worth $677,784,000 after acquiring an additional 501,873 shares during the last quarter. Truist Financial Corp boosted its holdings in shares of Coca-Cola Consolidated by 902.4% during the second quarter. Truist Financial Corp now owns 289,493 shares of the company’s stock worth $32,322,000 after acquiring an additional 260,612 shares during the period. Finally, Vaughan Nelson Investment Management L.P. grew its position in shares of Coca-Cola Consolidated by 548.0% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 226,905 shares of the company’s stock valued at $25,334,000 after purchasing an additional 191,887 shares during the last quarter. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Performance

NASDAQ COKE opened at $163.91 on Thursday. The company has a quick ratio of 1.78, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $14.01 billion, a P/E ratio of 23.34 and a beta of 0.69. Coca-Cola Consolidated, Inc. has a 12-month low of $105.21 and a 12-month high of $166.21. The firm has a 50-day moving average price of $133.60 and a two-hundred day moving average price of $128.25.

Coca-Cola Consolidated Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Friday, October 24th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Friday, October 24th. Coca-Cola Consolidated’s payout ratio is 14.25%.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Coca-Cola Consolidated from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Coca-Cola Consolidated has an average rating of “Buy”.

About Coca-Cola Consolidated

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.