Vanguard Group Inc. Has $537.02 Million Stock Holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Vanguard Group Inc. trimmed its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 578,432 shares of the company’s stock after selling 2,353 shares during the quarter. Vanguard Group Inc. owned approximately 6.17% of Coca-Cola Consolidated worth $537,016,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Wellington Management Group LLP bought a new stake in shares of Coca-Cola Consolidated in the 4th quarter valued at about $6,102,000. Aurora Investment Counsel raised its holdings in shares of Coca-Cola Consolidated by 2.6% in the 4th quarter. Aurora Investment Counsel now owns 2,069 shares of the company’s stock valued at $1,921,000 after purchasing an additional 53 shares during the period. Hobbs Group Advisors LLC bought a new stake in shares of Coca-Cola Consolidated in the 4th quarter valued at about $1,075,000. Chilton Investment Co. Inc. raised its holdings in shares of Coca-Cola Consolidated by 50.0% in the 4th quarter. Chilton Investment Co. Inc. now owns 1,800 shares of the company’s stock valued at $1,671,000 after purchasing an additional 600 shares during the period. Finally, Comerica Bank raised its holdings in shares of Coca-Cola Consolidated by 0.9% in the 4th quarter. Comerica Bank now owns 1,554 shares of the company’s stock valued at $1,442,000 after purchasing an additional 14 shares during the period. 48.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Coca-Cola Consolidated from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 23rd.

Coca-Cola Consolidated Stock Up 3.8 %

Coca-Cola Consolidated stock opened at $1,033.07 on Tuesday. The stock has a market cap of $9.68 billion, a P/E ratio of 21.27 and a beta of 0.74. The company has a quick ratio of 1.47, a current ratio of 1.87 and a debt-to-equity ratio of 0.38. Coca-Cola Consolidated, Inc. has a twelve month low of $614.22 and a twelve month high of $1,048.00. The company’s 50-day moving average price is $939.95 and its two-hundred day moving average price is $889.31.

Coca-Cola Consolidated (NASDAQ:COKE) last released its quarterly earnings results on Monday, May 6th. The company reported $17.31 earnings per share for the quarter. The firm had revenue of $1.59 billion for the quarter. Coca-Cola Consolidated had a net margin of 6.83% and a return on equity of 42.10%.

Coca-Cola Consolidated Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 10th. Shareholders of record on Friday, April 26th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, April 25th. This represents a $2.00 annualized dividend and a yield of 0.19%. Coca-Cola Consolidated’s dividend payout ratio is currently 4.12%.

About Coca-Cola Consolidated

Coca-Cola Consolidated, Inc, together with its subsidiaries, manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages; and still beverages, including energy products, as well as noncarbonated beverages comprising bottled water, ready to drink coffee and tea, enhanced water, juices, and sports drinks.