Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Stock Position Reduced by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lessened its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 0.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,546 shares of the company’s stock after selling 49 shares during the period. Public Employees Retirement Association of Colorado owned about 0.29% of Coca-Cola Consolidated worth $29,887,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. EntryPoint Capital LLC acquired a new stake in shares of Coca-Cola Consolidated during the 1st quarter worth approximately $30,000. Quest Partners LLC acquired a new stake in shares of Coca-Cola Consolidated during the 4th quarter worth approximately $31,000. EverSource Wealth Advisors LLC raised its position in shares of Coca-Cola Consolidated by 102.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 69 shares of the company’s stock worth $57,000 after purchasing an additional 35 shares during the period. GAMMA Investing LLC raised its position in shares of 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 purchasing an additional 37 shares during the period. Finally, CWM LLC raised its position in shares of Coca-Cola Consolidated by 30.3% during 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 period. Institutional investors own 48.24% of the company’s stock.

Analyst Ratings Changes

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

Coca-Cola Consolidated Stock Up 0.1 %

COKE opened at $1,266.98 on Friday. Coca-Cola Consolidated, Inc. has a 12 month low of $614.22 and a 12 month high of $1,376.84. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.97 and a quick ratio of 1.75. The stock has a market cap of $11.88 billion, a P/E ratio of 26.09 and a beta of 0.82. The stock’s 50 day moving average price is $1,239.59 and its 200 day moving average price is $1,034.09.

Coca-Cola Consolidated (NASDAQ:COKE) last posted its earnings results on Wednesday, July 31st. The company reported $20.71 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 Dividend Announcement

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

Insider Buying and Selling at Coca-Cola Consolidated

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

Coca-Cola Consolidated Company 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.