Coca-Cola Consolidated, Inc. $COKE Shares Sold by Barclays PLC

Barclays PLC reduced its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 10.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 312,212 shares of the company’s stock after selling 37,715 shares during the period. Barclays PLC owned about 0.37% of Coca-Cola Consolidated worth $36,579,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Coca-Cola Consolidated by 8.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,251 shares of the company’s stock valued at $23,289,000 after acquiring an additional 1,385 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Coca-Cola Consolidated by 1,082.0% during the second quarter. Envestnet Asset Management Inc. now owns 19,526 shares of the company’s stock valued at $2,180,000 after purchasing an additional 17,874 shares in the last quarter. Resona Asset Management Co. Ltd. lifted its holdings in Coca-Cola Consolidated by 900.0% during the second quarter. Resona Asset Management Co. Ltd. now owns 4,550 shares of the company’s stock valued at $508,000 after purchasing an additional 4,095 shares in the last quarter. Savant Capital LLC grew its position in shares of Coca-Cola Consolidated by 252.4% in the second quarter. Savant Capital LLC now owns 3,179 shares of the company’s stock valued at $355,000 after purchasing an additional 2,277 shares during the period. Finally, Parkside Financial Bank & Trust grew its position in shares of Coca-Cola Consolidated by 2,442.9% in the second quarter. Parkside Financial Bank & Trust now owns 356 shares of the company’s stock valued at $40,000 after purchasing an additional 342 shares during the period. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Stock Performance

Shares of Coca-Cola Consolidated stock opened at $207.66 on Wednesday. The firm has a market cap of $13.82 billion, a PE ratio of 30.46 and a beta of 0.60. The company has a quick ratio of 0.97, a current ratio of 1.26 and a debt-to-equity ratio of 0.88. Coca-Cola Consolidated, Inc. has a 52 week low of $105.21 and a 52 week high of $209.86. The business’s fifty day simple moving average is $166.27 and its 200-day simple moving average is $148.28.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $2.11 earnings per share (EPS) for the quarter. The firm had revenue of $1.90 billion during the quarter. Coca-Cola Consolidated had a return on equity of 66.42% and a net margin of 7.89%.

Coca-Cola Consolidated Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 6th. Shareholders of record on Friday, January 23rd were given a dividend of $0.25 per share. The ex-dividend date was Friday, January 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is currently 14.66%.

Analysts Set New Price Targets

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