Healthcare of Ontario Pension Plan Trust Fund Purchases Shares of 21,006 Coca-Cola Consolidated, Inc. $COKE

Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 21,006 shares of the company’s stock, valued at approximately $4,028,000.

Several other hedge funds and other institutional investors have also modified their holdings of COKE. Vanguard Group Inc. grew its holdings in shares of Coca-Cola Consolidated by 6.4% during the 4th quarter. Vanguard Group Inc. now owns 5,686,058 shares of the company’s stock worth $871,673,000 after purchasing an additional 341,374 shares during the period. Boston Partners raised its holdings in Coca-Cola Consolidated by 7.8% in the fourth quarter. Boston Partners now owns 2,329,643 shares of the company’s stock valued at $357,091,000 after buying an additional 169,555 shares during the period. First Trust Advisors LP lifted its position in Coca-Cola Consolidated by 42.1% during the fourth quarter. First Trust Advisors LP now owns 2,037,083 shares of the company’s stock valued at $312,285,000 after buying an additional 603,513 shares in the last quarter. State Street Corp lifted its position in Coca-Cola Consolidated by 836.9% during the second quarter. State Street Corp now owns 1,729,065 shares of the company’s stock valued at $193,050,000 after buying an additional 1,544,516 shares in the last quarter. Finally, Norges Bank purchased a new stake in Coca-Cola Consolidated during the fourth quarter worth approximately $222,408,000. 48.24% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Consolidated Stock Performance

Coca-Cola Consolidated stock opened at $189.83 on Friday. The firm has a market capitalization of $12.64 billion, a PE ratio of 25.97 and a beta of 0.54. Coca-Cola Consolidated, Inc. has a one year low of $110.40 and a one year high of $219.65. The stock’s 50 day moving average price is $182.34 and its 200 day moving average price is $181.98.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.79 earnings per share (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 company also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 24th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Friday, July 24th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is presently 13.68%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Coca-Cola Consolidated 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.