Inspire Investing LLC Cuts Stock Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Inspire Investing LLC trimmed its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 23.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 328 shares of the company’s stock after selling 98 shares during the quarter. Inspire Investing LLC’s holdings in Coca-Cola Consolidated were worth $356,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of COKE. Vaughan Nelson Investment Management L.P. lifted its position in shares of Coca-Cola Consolidated by 88.0% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 112,156 shares of the company’s stock worth $121,689,000 after purchasing an additional 52,491 shares in the last quarter. Hennessy Advisors Inc. acquired a new stake in Coca-Cola Consolidated during the 4th quarter worth approximately $30,318,000. Vanguard Group Inc. boosted its position in Coca-Cola Consolidated by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 608,875 shares of the company’s stock valued at $515,358,000 after buying an additional 30,443 shares during the period. Los Angeles Capital Management LLC grew its stake in shares of Coca-Cola Consolidated by 1,271.0% in the second quarter. Los Angeles Capital Management LLC now owns 32,067 shares of the company’s stock worth $34,793,000 after acquiring an additional 29,728 shares in the last quarter. Finally, HighPoint Advisor Group LLC acquired a new position in shares of Coca-Cola Consolidated in the fourth quarter worth $16,838,000. 48.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Coca-Cola Consolidated

In other news, major shareholder Cola Co Coca sold 598,619 shares of Coca-Cola Consolidated 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 directly owns 1,883,546 shares of the company’s stock, valued at approximately $1,742,280,050. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Coca-Cola Consolidated Stock Down 0.2 %

Shares of NASDAQ COKE opened at $1,264.25 on Friday. The stock has a market cap of $11.85 billion, a P/E ratio of 26.03 and a beta of 0.82. The business’s fifty day simple moving average is $1,243.22 and its 200-day simple moving average is $1,038.56. 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 current ratio of 1.97, a quick ratio of 1.75 and a debt-to-equity ratio of 1.50.

Coca-Cola Consolidated (NASDAQ:COKE) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $20.71 earnings per share (EPS) for the quarter. The company 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 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 issued 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 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.