American Century Companies Inc. Trims Stake in Coca-Cola Consolidated, Inc. $COKE

American Century Companies Inc. cut its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 27.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 121,734 shares of the company’s stock after selling 45,866 shares during the period. American Century Companies Inc. owned about 0.14% of Coca-Cola Consolidated worth $14,262,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC increased its position in Coca-Cola Consolidated by 175.0% in the third quarter. Smartleaf Asset Management LLC now owns 220 shares of the company’s stock worth $26,000 after buying an additional 140 shares in the last quarter. Root Financial Partners LLC purchased a new stake in Coca-Cola Consolidated in the 3rd quarter worth approximately $26,000. Nomura Asset Management Co. Ltd. raised its stake in Coca-Cola Consolidated by 900.0% during the 2nd 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 period. Newbridge Financial Services Group Inc. raised its stake in Coca-Cola Consolidated by 900.0% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 230 shares of the company’s stock worth $26,000 after acquiring an additional 207 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in Coca-Cola Consolidated by 900.0% during 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. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Performance

NASDAQ COKE opened at $209.29 on Thursday. 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 twelve month low of $105.21 and a twelve month high of $210.15. The business has a 50-day moving average price of $167.39 and a 200-day moving average price of $148.71. The firm has a market cap of $13.93 billion, a price-to-earnings ratio of 30.70 and a beta of 0.60.

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

Coca-Cola Consolidated Announces Dividend

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

Wall Street Analysts Forecast Growth

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