State of Wyoming Decreases Stake in Coca-Cola Consolidated, Inc. $COKE

State of Wyoming lessened its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 93.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 264 shares of the company’s stock after selling 3,651 shares during the quarter. State of Wyoming’s holdings in Coca-Cola Consolidated were worth $31,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Blue Trust Inc. lifted its holdings in Coca-Cola Consolidated by 9.8% during the third quarter. Blue Trust Inc. now owns 909 shares of the company’s stock worth $106,000 after acquiring an additional 81 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of Coca-Cola Consolidated by 0.8% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 12,080 shares of the company’s stock worth $1,415,000 after purchasing an additional 100 shares during the period. Forum Financial Management LP boosted its holdings in shares of Coca-Cola Consolidated by 5.4% in the 3rd quarter. Forum Financial Management LP now owns 2,014 shares of the company’s stock worth $236,000 after buying an additional 103 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Coca-Cola Consolidated by 12.1% in the 3rd quarter. GAMMA Investing LLC now owns 1,162 shares of the company’s stock worth $136,000 after buying an additional 125 shares during the last quarter. Finally, Inspire Investing LLC grew its position in Coca-Cola Consolidated by 5.2% during the third quarter. Inspire Investing LLC now owns 2,643 shares of the company’s stock valued at $310,000 after buying an additional 131 shares during the period. 48.24% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Trading Down 1.1%

Shares of COKE opened at $161.91 on Friday. The business has a 50-day moving average of $156.02 and a 200 day moving average of $138.77. Coca-Cola Consolidated, Inc. has a fifty-two week low of $105.21 and a fifty-two week high of $169.49. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.79 and a current ratio of 2.04. The firm has a market cap of $13.84 billion, a P/E ratio of 23.05 and a beta of 0.64.

Coca-Cola Consolidated Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 6th. Shareholders of record on Friday, January 23rd were given a dividend of $0.25 per share. The ex-dividend date was Friday, January 23rd. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. Coca-Cola Consolidated’s dividend payout ratio is currently 14.25%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Coca-Cola Consolidated currently has an average rating of “Buy”.

About Coca-Cola Consolidated

Founded in 1902 and headquartered in Charlotte, North Carolina, Coca-Cola Consolidated, Inc is the largest independent bottler of Coca-Cola products in the United States. The company manufactures, sells and distributes a broad portfolio of sparkling and still beverages under exclusive agreements with The Coca-Cola Company. Its brand lineup includes Coca-Cola, Diet Coke, Sprite and Fanta, as well as noncarbonated offerings such as Minute Maid juices, Gold Peak teas, Dasani water, Powerade sports drinks and vitaminwater.

Coca-Cola Consolidated’s operations span 14 states and the District of Columbia across the Southeastern, South Central and Mid-Atlantic regions.