Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 0.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,526 shares of the company’s stock after selling 127 shares during the period. Principal Financial Group Inc. owned 0.15% of Coca-Cola Consolidated worth $17,043,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. James Investment Research Inc. lifted its holdings in Coca-Cola Consolidated by 34.7% during the 4th quarter. James Investment Research Inc. now owns 1,825 shares of the company’s stock worth $2,299,000 after buying an additional 470 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Coca-Cola Consolidated by 8.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 19,173 shares of the company’s stock worth $25,239,000 after buying an additional 1,453 shares during the last quarter. Mutual of America Capital Management LLC boosted its holdings in shares of Coca-Cola Consolidated by 8.7% in the 3rd quarter. Mutual of America Capital Management LLC now owns 5,939 shares of the company’s stock valued at $7,818,000 after buying an additional 474 shares during the period. Quadrature Capital Ltd bought a new stake in shares of Coca-Cola Consolidated during the 3rd quarter valued at about $1,022,000. Finally, Dorsey Wright & Associates acquired a new stake in Coca-Cola Consolidated during the third quarter worth about $1,468,000. 48.24% of the stock is owned by institutional investors.

Coca-Cola Consolidated Stock Performance

Shares of COKE stock opened at $1,393.24 on Wednesday. The company has a quick ratio of 2.15, a current ratio of 2.47 and a debt-to-equity ratio of 1.39. The business has a 50 day moving average of $1,325.71 and a two-hundred day moving average of $1,292.97. The company has a market cap of $12.21 billion, a P/E ratio of 19.95 and a beta of 0.89. Coca-Cola Consolidated, Inc. has a 52 week low of $800.76 and a 52 week high of $1,460.92.

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

Coca-Cola Consolidated Announces Dividend

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