Coca-Cola Consolidated, Inc. $COKE Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. trimmed its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 52.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,270 shares of the company’s stock after selling 5,772 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Coca-Cola Consolidated were worth $617,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Resona Asset Management Co. Ltd. increased its stake in shares of Coca-Cola Consolidated by 900.0% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 4,550 shares of the company’s stock worth $508,000 after purchasing an additional 4,095 shares in the last quarter. CWM LLC lifted its stake in Coca-Cola Consolidated by 209.4% in the 3rd quarter. CWM LLC now owns 13,378 shares of the company’s stock valued at $1,567,000 after buying an additional 9,054 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Coca-Cola Consolidated by 320.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 82,171 shares of the company’s stock valued at $9,627,000 after buying an additional 62,645 shares during the last quarter. Hsbc Holdings PLC grew its holdings in Coca-Cola Consolidated by 663.7% during the 2nd quarter. Hsbc Holdings PLC now owns 24,889 shares of the company’s stock valued at $2,778,000 after buying an additional 21,630 shares during the last quarter. Finally, Norges Bank purchased a new position in Coca-Cola Consolidated during the second quarter worth $280,669,000. Institutional investors and hedge funds own 48.24% of the company’s stock.

Analyst Ratings Changes

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, According to data from MarketBeat, Coca-Cola Consolidated currently has a consensus rating of “Buy”.

Coca-Cola Consolidated Stock Performance

NASDAQ:COKE opened at $207.66 on Wednesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.26 and a quick ratio of 0.97. The firm has a market cap of $13.82 billion, a PE ratio of 30.46 and a beta of 0.60. The firm has a 50 day simple moving average of $166.27 and a 200-day simple moving average of $148.28. Coca-Cola Consolidated, Inc. has a 1-year low of $105.21 and a 1-year high of $209.86.

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

Coca-Cola Consolidated Announces Dividend

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

About Coca-Cola Consolidated

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.