Dimensional Fund Advisors LP Has $137.13 Million Position in Coca-Cola Consolidated, Inc. $COKE

Dimensional Fund Advisors LP grew its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 9.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,170,476 shares of the company’s stock after buying an additional 96,453 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.37% of Coca-Cola Consolidated worth $137,125,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Nomura Asset Management Co. Ltd. raised its stake in shares of Coca-Cola Consolidated by 900.0% in the second quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the company’s stock worth $26,000 after acquiring an additional 207 shares during the last quarter. Root Financial Partners LLC acquired a new position in shares of Coca-Cola Consolidated during the third quarter worth approximately $26,000. Smartleaf Asset Management LLC grew its stake in shares of Coca-Cola Consolidated by 175.0% during the third quarter. Smartleaf Asset Management LLC now owns 220 shares of the company’s stock valued at $26,000 after purchasing an additional 140 shares during the last quarter. Newbridge Financial Services Group Inc. grew its stake in shares of Coca-Cola Consolidated by 900.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 230 shares of the company’s stock valued at $26,000 after purchasing an additional 207 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Coca-Cola Consolidated by 900.0% in the second quarter. Geneos Wealth Management Inc. now owns 250 shares of the company’s stock valued at $28,000 after purchasing an additional 225 shares in the last quarter. 48.24% of the stock is owned by institutional investors.

Coca-Cola Consolidated Trading Up 0.4%

Shares of NASDAQ COKE opened at $207.66 on Wednesday. Coca-Cola Consolidated, Inc. has a fifty-two week low of $105.21 and a fifty-two week high of $209.86. The firm has a market capitalization of $13.82 billion, a P/E ratio of 30.46 and a beta of 0.60. 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 company’s 50 day simple moving average is $166.27 and its 200 day simple moving average is $148.28.

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

Coca-Cola Consolidated Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 6th. Investors of record on Friday, January 23rd were paid a dividend of $0.25 per share. The ex-dividend date of this dividend 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 payout ratio is 14.66%.

Analyst Ratings Changes

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

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.