Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Shares Sold by Rhumbline Advisers

Rhumbline Advisers trimmed its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 0.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,927 shares of the company’s stock after selling 8 shares during the quarter. Rhumbline Advisers owned 0.18% of Coca-Cola Consolidated worth $20,068,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of COKE. New Mexico Educational Retirement Board grew its position in Coca-Cola Consolidated by 33.2% in the 4th quarter. New Mexico Educational Retirement Board now owns 1,199 shares of the company’s stock valued at $1,511,000 after acquiring an additional 299 shares in the last quarter. New York State Teachers Retirement System grew its position in Coca-Cola Consolidated by 2.4% in the 4th quarter. New York State Teachers Retirement System now owns 7,299 shares of the company’s stock valued at $9,197,000 after acquiring an additional 170 shares in the last quarter. Van ECK Associates Corp grew its position in Coca-Cola Consolidated by 34.9% in the 4th quarter. Van ECK Associates Corp now owns 4,065 shares of the company’s stock valued at $5,122,000 after acquiring an additional 1,051 shares in the last quarter. Mill Creek Capital Advisors LLC grew its position in Coca-Cola Consolidated by 16.1% in the 4th quarter. Mill Creek Capital Advisors LLC now owns 202 shares of the company’s stock valued at $254,000 after acquiring an additional 28 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. acquired a new position in Coca-Cola Consolidated in the 4th quarter valued at about $52,000. 48.24% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Consolidated Stock Performance

NASDAQ COKE opened at $1,442.65 on Friday. The company has a market cap of $12.64 billion, a P/E ratio of 25.11 and a beta of 0.89. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.47 and a quick ratio of 2.15. The stock has a 50-day moving average of $1,318.12 and a two-hundred day moving average of $1,289.45. Coca-Cola Consolidated, Inc. has a 1-year low of $800.76 and a 1-year high of $1,460.92.

Coca-Cola Consolidated (NASDAQ:COKE) last released its earnings results on Thursday, February 20th. The company reported $18.11 earnings per share for the quarter. Coca-Cola Consolidated had a return on equity of 46.94% and a net margin of 7.81%.

Coca-Cola Consolidated Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 24th were paid a $2.50 dividend. This represents a $10.00 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Friday, January 24th. Coca-Cola Consolidated’s payout ratio is presently 17.40%.

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.