8,509 Coca-Cola Consolidated, Inc. $COKE Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 88.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,137 shares of the company’s stock after selling 8,509 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Coca-Cola Consolidated were worth $215,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of COKE. Commonwealth Financial Services LLC acquired a new stake in Coca-Cola Consolidated in the third quarter valued at $225,000. CWA Asset Management Group LLC lifted its holdings in Coca-Cola Consolidated by 8.9% during the 3rd quarter. CWA Asset Management Group LLC now owns 31,496 shares of the company’s stock worth $5,961,000 after buying an additional 2,577 shares during the last quarter. SteelPeak Wealth LLC lifted its holdings in Coca-Cola Consolidated by 107.3% during the 3rd quarter. SteelPeak Wealth LLC now owns 2,469 shares of the company’s stock worth $467,000 after buying an additional 1,278 shares during the last quarter. IFP Advisors Inc lifted its holdings in Coca-Cola Consolidated by 16.2% during the 3rd quarter. IFP Advisors Inc now owns 13,857 shares of the company’s stock worth $2,623,000 after buying an additional 1,935 shares during the last quarter. Finally, Kintegral Advisory LLC acquired a new position in shares of Coca-Cola Consolidated during the 3rd quarter worth about $32,665,000. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

COKE has been the topic of a number of recent analyst reports. Wall Street Zen downgraded Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings raised Coca-Cola Consolidated from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, October 16th. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Coca-Cola Consolidated Stock Performance

Shares of NASDAQ:COKE opened at $206.61 on Wednesday. Coca-Cola Consolidated, Inc. has a twelve month low of $126.00 and a twelve month high of $219.65. The firm has a 50 day simple moving average of $195.71 and a 200-day simple moving average of $185.52.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its earnings results on Wednesday, August 5th. The company reported $2.83 earnings per share (EPS) for the quarter. The company had revenue of $2.05 billion during the quarter.

Coca-Cola Consolidated Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 6th. Investors of record on Friday, October 23rd will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%.

About Coca-Cola Consolidated

Coca-Cola Consolidated, Inc is the largest Coca-Cola bottler in the United States. Based in Charlotte, North Carolina, the company produces, sells, markets and distributes a broad portfolio of nonalcoholic beverages for The Coca-Cola Company and other brand owners.

Its products include Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Sprite, Fanta, DASANI, smartwater, POWERADE, Minute Maid and fairlife, along with other soft drinks, water, sports drinks, juices, dairy beverages and emerging beverage brands.