New York State Common Retirement Fund Decreases Stock Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

New York State Common Retirement Fund cut its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 15.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,740 shares of the company’s stock after selling 500 shares during the quarter. New York State Common Retirement Fund’s holdings in Coca-Cola Consolidated were worth $3,452,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. CIBC Asset Management Inc raised its stake in Coca-Cola Consolidated by 5.1% in the fourth quarter. CIBC Asset Management Inc now owns 247 shares of the company’s stock valued at $311,000 after buying an additional 12 shares during the last quarter. Sunbelt Securities Inc. raised its stake in Coca-Cola Consolidated by 16.3% in the third quarter. Sunbelt Securities Inc. now owns 93 shares of the company’s stock valued at $122,000 after buying an additional 13 shares during the last quarter. KG&L Capital Management LLC raised its stake in Coca-Cola Consolidated by 2.0% in the fourth quarter. KG&L Capital Management LLC now owns 720 shares of the company’s stock valued at $907,000 after buying an additional 14 shares during the last quarter. GAMMA Investing LLC raised its stake in Coca-Cola Consolidated by 16.9% in the fourth quarter. GAMMA Investing LLC now owns 104 shares of the company’s stock valued at $131,000 after buying an additional 15 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its holdings in shares of Coca-Cola Consolidated by 1.9% in the fourth quarter. Sanctuary Advisors LLC now owns 986 shares of the company’s stock valued at $1,347,000 after purchasing an additional 18 shares during the period. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Stock Up 1.1 %

Shares of COKE stock opened at $1,417.12 on Friday. The stock’s 50-day simple moving average is $1,332.43 and its 200-day simple moving average is $1,294.24. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.47. The firm has a market capitalization of $12.42 billion, a PE ratio of 20.29 and a beta of 0.89. Coca-Cola Consolidated, Inc. has a fifty-two week low of $800.76 and a fifty-two week high of $1,460.92.

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

Coca-Cola Consolidated Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 24th were issued a $2.50 dividend. This represents a $10.00 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Friday, January 24th. 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.