Allspring Global Investments Holdings LLC Cuts Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Allspring Global Investments Holdings LLC cut its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 57.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,823 shares of the company’s stock after selling 11,773 shares during the period. Allspring Global Investments Holdings LLC owned 0.10% of Coca-Cola Consolidated worth $11,293,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. CWM LLC increased its holdings in shares of Coca-Cola Consolidated by 174.3% in the 3rd quarter. CWM LLC now owns 277 shares of the company’s stock valued at $365,000 after acquiring an additional 176 shares during the last quarter. Creative Planning increased its stake in Coca-Cola Consolidated by 1.9% in the third quarter. Creative Planning now owns 2,535 shares of the company’s stock valued at $3,338,000 after purchasing an additional 47 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in Coca-Cola Consolidated in the third quarter valued at approximately $37,000. Blue Trust Inc. increased its stake in Coca-Cola Consolidated by 126.6% in the third quarter. Blue Trust Inc. now owns 213 shares of the company’s stock valued at $280,000 after purchasing an additional 119 shares during the last quarter. Finally, Lecap Asset Management Ltd. purchased a new position in shares of Coca-Cola Consolidated in the 3rd quarter valued at $395,000. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Trading Down 3.4 %

NASDAQ COKE opened at $1,408.59 on Tuesday. 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 firm’s fifty day moving average price is $1,309.65 and its 200 day moving average price is $1,286.65. The company has a market capitalization of $12.34 billion, a price-to-earnings ratio of 24.51 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.

Coca-Cola Consolidated Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 24th were issued a dividend of $2.50 per share. This represents a $10.00 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend was Friday, January 24th. Coca-Cola Consolidated’s payout ratio is 17.40%.

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.