VIRGINIA RETIREMENT SYSTEMS ET Al Has $747,000 Stock Position in Coca-Cola Consolidated, Inc. $COKE

VIRGINIA RETIREMENT SYSTEMS ET Al lessened its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 50.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,380 shares of the company’s stock after selling 6,500 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Coca-Cola Consolidated were worth $747,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in COKE. Norges Bank bought a new stake in shares of Coca-Cola Consolidated in the second quarter worth about $280,669,000. Boston Partners lifted its holdings in shares of Coca-Cola Consolidated by 942.2% during the 2nd quarter. Boston Partners now owns 2,089,876 shares of the company’s stock valued at $233,345,000 after purchasing an additional 1,889,358 shares in the last quarter. State Street Corp grew its position in shares of Coca-Cola Consolidated by 836.9% in the 2nd quarter. State Street Corp now owns 1,729,065 shares of the company’s stock valued at $193,050,000 after purchasing an additional 1,544,516 shares during the period. Diversified Trust Co grew its position in shares of Coca-Cola Consolidated by 900.0% in the 2nd quarter. Diversified Trust Co now owns 1,462,487 shares of the company’s stock valued at $163,287,000 after purchasing an additional 1,316,233 shares during the period. Finally, Geode Capital Management LLC increased its stake in Coca-Cola Consolidated by 882.9% during the 2nd quarter. Geode Capital Management LLC now owns 1,302,088 shares of the company’s stock worth $145,398,000 after purchasing an additional 1,169,611 shares in the last quarter. 48.24% of the stock is currently owned by institutional investors.

Coca-Cola Consolidated Stock Down 2.3%

COKE stock opened at $149.84 on Monday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.79. The stock has a market capitalization of $12.80 billion, a P/E ratio of 21.33 and a beta of 0.65. Coca-Cola Consolidated, Inc. has a fifty-two week low of $105.21 and a fifty-two week high of $169.49. The business has a 50-day moving average of $155.33 and a 200-day moving average of $130.60.

Coca-Cola Consolidated Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Friday, October 24th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, October 24th. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. Coca-Cola Consolidated’s dividend payout ratio is 14.25%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Coca-Cola Consolidated Profile

Founded in 1902 and headquartered in Charlotte, North Carolina, Coca-Cola Consolidated, Inc is the largest independent bottler of Coca-Cola products in the United States. The company manufactures, sells and distributes a broad portfolio of sparkling and still beverages under exclusive agreements with The Coca-Cola Company. Its brand lineup includes Coca-Cola, Diet Coke, Sprite and Fanta, as well as noncarbonated offerings such as Minute Maid juices, Gold Peak teas, Dasani water, Powerade sports drinks and vitaminwater.

Coca-Cola Consolidated’s operations span 14 states and the District of Columbia across the Southeastern, South Central and Mid-Atlantic regions.