Mutual of America Capital Management LLC Decreases Stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Mutual of America Capital Management LLC trimmed its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 28.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,465 shares of the company’s stock after selling 2,225 shares during the quarter. Mutual of America Capital Management LLC owned 0.06% of Coca-Cola Consolidated worth $5,930,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. EntryPoint Capital LLC purchased a new stake in Coca-Cola Consolidated during the 1st quarter worth approximately $30,000. Quest Partners LLC acquired a new stake in Coca-Cola Consolidated in the fourth quarter valued at $31,000. EverSource Wealth Advisors LLC boosted its stake in Coca-Cola Consolidated by 102.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 69 shares of the company’s stock valued at $57,000 after acquiring an additional 35 shares during the last quarter. GAMMA Investing LLC grew its holdings in Coca-Cola Consolidated by 137.0% during the 2nd quarter. GAMMA Investing LLC now owns 64 shares of the company’s stock worth $69,000 after acquiring an additional 37 shares in the last quarter. Finally, CWM LLC increased its position in shares of Coca-Cola Consolidated by 30.3% in the 1st quarter. CWM LLC now owns 86 shares of the company’s stock worth $73,000 after purchasing an additional 20 shares during the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

Insider Buying and Selling at Coca-Cola Consolidated

In other news, major shareholder Cola Co Coca sold 598,619 shares of the firm’s stock in a transaction dated 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 available at this link.

Coca-Cola Consolidated Stock Performance

Shares of COKE stock opened at $1,264.25 on Friday. The stock has a market capitalization of $11.85 billion, a price-to-earnings ratio of 26.03 and a beta of 0.82. Coca-Cola Consolidated, Inc. has a one year low of $614.22 and a one year high of $1,376.84. The company’s 50-day simple moving average is $1,243.22 and its 200-day simple moving average is $1,037.07. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.75 and a current ratio of 1.97.

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

Coca-Cola Consolidated Announces Dividend

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

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.