Amalgamated Bank Has $3.42 Million Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Amalgamated Bank lifted its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 28.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,151 shares of the company’s stock after purchasing an additional 693 shares during the quarter. Amalgamated Bank’s holdings in Coca-Cola Consolidated were worth $3,419,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Quantbot Technologies LP grew its stake in shares of Coca-Cola Consolidated by 247.9% during the second quarter. Quantbot Technologies LP now owns 2,651 shares of the company’s stock worth $2,876,000 after buying an additional 1,889 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Coca-Cola Consolidated by 10.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,656 shares of the company’s stock worth $3,967,000 after acquiring an additional 336 shares during the last quarter. WINTON GROUP Ltd increased its holdings in Coca-Cola Consolidated by 40.5% in the 2nd quarter. WINTON GROUP Ltd now owns 999 shares of the company’s stock worth $1,084,000 after purchasing an additional 288 shares in the last quarter. Thoroughbred Financial Services LLC bought a new position in Coca-Cola Consolidated in the second quarter valued at about $303,000. Finally, Texas Permanent School Fund Corp boosted its stake in shares of Coca-Cola Consolidated by 9.9% during the second quarter. Texas Permanent School Fund Corp now owns 4,508 shares of the company’s stock valued at $4,891,000 after purchasing an additional 406 shares in the last quarter. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Consolidated Stock Performance

Coca-Cola Consolidated stock opened at $1,264.25 on Monday. The business has a 50 day moving average of $1,243.22 and a 200-day moving average of $1,040.16. The company has a market capitalization of $11.85 billion, a P/E ratio of 26.03 and a beta of 0.82. Coca-Cola Consolidated, Inc. has a 1 year low of $614.22 and a 1 year 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.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $20.71 earnings per share (EPS) for the quarter. The firm had revenue of $1.80 billion during the quarter. Coca-Cola Consolidated had a net margin of 7.52% and a return on equity of 44.83%.

Coca-Cola Consolidated Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were given 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 is currently 20.59%.

Insider Buying and Selling at Coca-Cola Consolidated

In other news, major shareholder Cola Co Coca sold 598,619 shares of the firm’s stock in a transaction dated 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 in the company, valued at $1,742,280,050. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

About Coca-Cola Consolidated

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.