Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Shares Sold by Aurora Investment Counsel

Aurora Investment Counsel lessened its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 16.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,424 shares of the company’s stock after selling 285 shares during the quarter. Aurora Investment Counsel’s holdings in Coca-Cola Consolidated were worth $1,545,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cetera Investment Advisers boosted its stake in shares of Coca-Cola Consolidated by 36.6% during the 2nd quarter. Cetera Investment Advisers now owns 1,490 shares of the company’s stock valued at $1,617,000 after buying an additional 399 shares during the last quarter. Wallace Capital Management Inc. bought a new position in Coca-Cola Consolidated during the 2nd quarter valued at $90,404,000. Creative Planning boosted its stake in Coca-Cola Consolidated by 17.4% during the 2nd quarter. Creative Planning now owns 2,488 shares of the company’s stock valued at $2,700,000 after acquiring an additional 368 shares during the last quarter. Algert Global LLC grew its holdings in Coca-Cola Consolidated by 161.4% during the 2nd quarter. Algert Global LLC now owns 11,483 shares of the company’s stock worth $12,459,000 after acquiring an additional 7,090 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC increased its position in shares of Coca-Cola Consolidated by 4,040.7% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 11,594 shares of the company’s stock worth $12,579,000 after purchasing an additional 11,314 shares during the last quarter. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Stock Performance

Shares of Coca-Cola Consolidated stock opened at $1,316.40 on Tuesday. 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, Inc. has a 1 year low of $614.22 and a 1 year high of $1,376.84. The firm’s 50-day simple moving average is $1,265.10 and its 200-day simple moving average is $1,056.72. The firm has a market cap of $12.34 billion, a PE ratio of 27.11 and a beta of 0.82.

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. 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 Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 25th will be given a dividend of $2.50 per share. This is a positive change from Coca-Cola Consolidated’s previous dividend of $0.25. The ex-dividend date of this dividend is Friday, October 25th. Coca-Cola Consolidated’s dividend payout ratio is currently 20.59%.

Insider Buying and Selling

In other Coca-Cola Consolidated news, major shareholder Cola Co Coca sold 598,619 shares of the business’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $925.00, for a total transaction of $553,722,575.00. Following the completion of the sale, the insider now owns 1,883,546 shares in the company, valued at $1,742,280,050. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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.