Blue Trust Inc. Sells 134 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Blue Trust Inc. reduced its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 62.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 79 shares of the company’s stock after selling 134 shares during the quarter. Blue Trust Inc.’s holdings in Coca-Cola Consolidated were worth $100,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. New York State Teachers Retirement System raised its position in Coca-Cola Consolidated by 2.4% in the fourth quarter. New York State Teachers Retirement System now owns 7,299 shares of the company’s stock valued at $9,197,000 after purchasing an additional 170 shares during the last quarter. Van ECK Associates Corp raised its position in Coca-Cola Consolidated by 34.9% in the fourth quarter. Van ECK Associates Corp now owns 4,065 shares of the company’s stock valued at $5,122,000 after purchasing an additional 1,051 shares during the last quarter. Mill Creek Capital Advisors LLC raised its position in Coca-Cola Consolidated by 16.1% in the fourth quarter. Mill Creek Capital Advisors LLC now owns 202 shares of the company’s stock valued at $254,000 after purchasing an additional 28 shares during the last quarter. Wingate Wealth Advisors Inc. bought a new position in Coca-Cola Consolidated in the fourth quarter valued at about $52,000. Finally, Tevis Investment Management bought a new position in Coca-Cola Consolidated in the fourth quarter valued at about $355,000. 48.24% of the stock is currently owned by institutional investors.

Coca-Cola Consolidated Price Performance

Coca-Cola Consolidated stock opened at $1,382.86 on Friday. The company has a current ratio of 2.47, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $12.11 billion, a PE ratio of 19.80 and a beta of 0.89. Coca-Cola Consolidated, Inc. has a 12 month low of $800.76 and a 12 month high of $1,460.92. The stock has a 50-day moving average price of $1,320.38 and a two-hundred day moving average price of $1,290.84.

Coca-Cola Consolidated (NASDAQ:COKE) last posted its earnings results on Thursday, February 20th. The company reported $18.11 EPS for the quarter. The firm had revenue of $1.75 billion during the quarter. Coca-Cola Consolidated had a return on equity of 49.88% and a net margin of 9.18%.

Coca-Cola Consolidated Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 24th were paid a $2.50 dividend. The ex-dividend date was Friday, January 24th. This represents a $10.00 annualized dividend and a dividend yield of 0.72%. Coca-Cola Consolidated’s payout ratio is 14.32%.

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.