Dimensional Fund Advisors LP Has $142.73 Million Position in Coca-Cola Consolidated, Inc. $COKE

Dimensional Fund Advisors LP trimmed its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 9.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,744 shares of the company’s stock after selling 10,712 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.21% of Coca-Cola Consolidated worth $142,729,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Linden Thomas Advisory Services LLC increased its holdings in shares of Coca-Cola Consolidated by 3.5% during the first quarter. Linden Thomas Advisory Services LLC now owns 265 shares of the company’s stock worth $358,000 after buying an additional 9 shares in the last quarter. Sunbelt Securities Inc. grew its position in Coca-Cola Consolidated by 10.8% during the 4th quarter. Sunbelt Securities Inc. now owns 103 shares of the company’s stock worth $128,000 after acquiring an additional 10 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in Coca-Cola Consolidated by 0.3% in the 1st quarter. State of Alaska Department of Revenue now owns 3,973 shares of the company’s stock worth $5,363,000 after purchasing an additional 10 shares in the last quarter. HBK Sorce Advisory LLC raised its position in Coca-Cola Consolidated by 2.9% in the first quarter. HBK Sorce Advisory LLC now owns 357 shares of the company’s stock valued at $481,000 after purchasing an additional 10 shares during the last quarter. Finally, Monument Capital Management raised its position in Coca-Cola Consolidated by 0.3% in the first quarter. Monument Capital Management now owns 3,955 shares of the company’s stock valued at $5,339,000 after purchasing an additional 10 shares during the last quarter. Institutional investors own 48.24% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen raised Coca-Cola Consolidated from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th.

Coca-Cola Consolidated Price Performance

Shares of COKE opened at $118.82 on Thursday. The business has a 50-day moving average of $112.92 and a 200-day moving average of $130.69. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.78. The company has a market capitalization of $10.32 billion, a price-to-earnings ratio of 17.73 and a beta of 0.81. Coca-Cola Consolidated, Inc. has a 1 year low of $105.21 and a 1 year high of $146.09.

Coca-Cola Consolidated (NASDAQ:COKE) last released its earnings results on Thursday, July 24th. The company reported $2.24 earnings per share for the quarter. Coca-Cola Consolidated had a net margin of 8.43% and a return on equity of 44.91%. The business had revenue of $1.86 billion during the quarter.

Coca-Cola Consolidated Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Friday, July 25th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, July 25th. This represents a $1.00 annualized dividend and a dividend yield of 0.8%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is 14.93%.

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.