Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Shares Sold by Quest Partners LLC

Quest Partners LLC decreased its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 71.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75 shares of the company’s stock after selling 187 shares during the quarter. Quest Partners LLC’s holdings in Coca-Cola Consolidated were worth $81,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in COKE. Principal Securities Inc. purchased a new stake in Coca-Cola Consolidated in the fourth quarter valued at $97,000. Jump Financial LLC acquired a new stake in shares of Coca-Cola Consolidated during the fourth quarter worth about $381,000. Principal Financial Group Inc. lifted its holdings in shares of Coca-Cola Consolidated by 2.4% in the 4th quarter. Principal Financial Group Inc. now owns 18,928 shares of the company’s stock valued at $17,573,000 after purchasing an additional 440 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Coca-Cola Consolidated by 1.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,469 shares of the company’s stock valued at $1,364,000 after purchasing an additional 25 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its stake in Coca-Cola Consolidated by 20.7% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 572 shares of the company’s stock worth $531,000 after buying an additional 98 shares during the last quarter. 48.24% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Consolidated Stock Down 1.5 %

COKE stock opened at $1,261.36 on Wednesday. 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 fifty day moving average price of $1,232.20 and a 200 day moving average price of $1,030.82. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.97 and a quick ratio of 1.75. Coca-Cola Consolidated, Inc. has a 12 month low of $614.22 and a 12 month high of $1,376.84.

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

Coca-Cola Consolidated Announces Dividend

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

Analysts Set New Price Targets

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

Insider Buying and Selling at Coca-Cola Consolidated

In related news, major shareholder Cola Co Coca sold 598,619 shares of Coca-Cola Consolidated stock in a transaction 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 transaction, the insider now directly owns 1,883,546 shares in the company, valued at approximately $1,742,280,050. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Coca-Cola Consolidated Profile

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.