Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC lowered its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 19.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 632 shares of the company’s stock after selling 150 shares during the quarter. Private Advisor Group LLC’s holdings in Coca-Cola Consolidated were worth $686,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Coca-Cola Consolidated by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 608,875 shares of the company’s stock valued at $515,358,000 after acquiring an additional 30,443 shares during the last quarter. Norges Bank bought a new stake in Coca-Cola Consolidated during the fourth quarter valued at $188,138,000. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Coca-Cola Consolidated by 88.0% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 112,156 shares of the company’s stock worth $121,689,000 after purchasing an additional 52,491 shares during the period. Hennessy Advisors Inc. lifted its position in shares of Coca-Cola Consolidated by 18.0% in the 2nd quarter. Hennessy Advisors Inc. now owns 43,956 shares of the company’s stock worth $47,692,000 after buying an additional 6,700 shares during the last quarter. Finally, HighPoint Advisor Group LLC acquired a new position in shares of Coca-Cola Consolidated in the 4th quarter valued at about $16,838,000. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Trading Down 1.5 %

Shares of NASDAQ COKE opened at $1,261.36 on Wednesday. Coca-Cola Consolidated, Inc. has a 12-month low of $614.22 and a 12-month high of $1,376.84. The company has a market cap of $11.82 billion, a price-to-earnings ratio of 25.98 and a beta of 0.82. The company has a current ratio of 1.97, a quick ratio of 1.75 and a debt-to-equity ratio of 1.50. The stock’s 50 day simple moving average is $1,232.20 and its 200 day simple moving average is $1,030.82.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its earnings results on Wednesday, July 31st. The company reported $20.71 earnings per share for the quarter. Coca-Cola Consolidated had a return on equity of 44.83% and a net margin of 7.52%. The firm had revenue of $1.80 billion for the quarter.

Coca-Cola Consolidated Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, July 26th. This represents a $2.00 annualized dividend and a yield of 0.16%. Coca-Cola Consolidated’s dividend payout ratio is presently 20.59%.

Insider Buying and Selling at Coca-Cola Consolidated

In other Coca-Cola Consolidated news, major shareholder Cola Co Coca sold 598,619 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $925.00, for a total value of $553,722,575.00. Following the sale, the insider now owns 1,883,546 shares in the company, valued at $1,742,280,050. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Analyst Ratings Changes

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.

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.