Coca-Cola Consolidated, Inc. $COKE Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P trimmed its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 6.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 73,066 shares of the company’s stock after selling 5,043 shares during the period. Martingale Asset Management L P owned approximately 0.09% of Coca-Cola Consolidated worth $11,201,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its stake in shares of Coca-Cola Consolidated by 320.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 82,171 shares of the company’s stock valued at $9,627,000 after purchasing an additional 62,645 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Coca-Cola Consolidated by 11.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 244,805 shares of the company’s stock valued at $28,681,000 after purchasing an additional 24,278 shares during the period. Vanguard Group Inc. lifted its stake in shares of Coca-Cola Consolidated by 6.4% in the 4th quarter. Vanguard Group Inc. now owns 5,686,058 shares of the company’s stock valued at $871,673,000 after purchasing an additional 341,374 shares during the period. Natixis Advisors LLC lifted its stake in shares of Coca-Cola Consolidated by 122.1% in the 3rd quarter. Natixis Advisors LLC now owns 107,106 shares of the company’s stock valued at $12,548,000 after purchasing an additional 58,890 shares during the period. Finally, HighTower Advisors LLC lifted its stake in shares of Coca-Cola Consolidated by 76.8% in the 3rd quarter. HighTower Advisors LLC now owns 18,039 shares of the company’s stock valued at $2,114,000 after purchasing an additional 7,834 shares during the period. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Friday, March 27th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Coca-Cola Consolidated presently has a consensus rating of “Buy”.

Coca-Cola Consolidated Price Performance

Shares of NASDAQ COKE opened at $187.89 on Friday. The firm has a market cap of $12.51 billion, a PE ratio of 25.70 and a beta of 0.55. The firm has a fifty day moving average of $185.50 and a 200 day moving average of $176.12. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.91 and a current ratio of 1.23. Coca-Cola Consolidated, Inc. has a one year low of $105.44 and a one year high of $219.65.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $1.79 EPS for the quarter. The company had revenue of $1.71 billion during the quarter. Coca-Cola Consolidated had a net margin of 7.72% and a return on equity of 138.44%.

Coca-Cola Consolidated Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 24th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Friday, April 24th. Coca-Cola Consolidated’s payout ratio is presently 13.68%.

Coca-Cola Consolidated Company Profile

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.