Public Employees Retirement Association of Colorado Lowers Stock Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Public Employees Retirement Association of Colorado cut its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 0.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,595 shares of the company’s stock after selling 149 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Coca-Cola Consolidated were worth $23,357,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Janney Montgomery Scott LLC boosted its position in Coca-Cola Consolidated by 98.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 2,326 shares of the company’s stock valued at $2,160,000 after acquiring an additional 1,153 shares in the last quarter. Ontario Teachers Pension Plan Board grew its stake in Coca-Cola Consolidated by 295.1% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 5,014 shares of the company’s stock valued at $4,655,000 after purchasing an additional 3,745 shares during the last quarter. BNP Paribas Financial Markets grew its stake in Coca-Cola Consolidated by 27.7% in the first quarter. BNP Paribas Financial Markets now owns 6,366 shares of the company’s stock valued at $5,388,000 after purchasing an additional 1,380 shares during the last quarter. Hancock Whitney Corp raised its holdings in Coca-Cola Consolidated by 12.3% in the fourth quarter. Hancock Whitney Corp now owns 13,187 shares of the company’s stock worth $12,243,000 after purchasing an additional 1,444 shares in the last quarter. Finally, Hobbs Group Advisors LLC bought a new stake in shares of Coca-Cola Consolidated in the 4th quarter valued at about $1,075,000. 48.24% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Coca-Cola Consolidated

In related news, major shareholder Cola Co Coca sold 598,619 shares of Coca-Cola Consolidated stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $925.00, for a total transaction of $553,722,575.00. Following the completion of the transaction, the insider now directly owns 1,883,546 shares in the company, valued at $1,742,280,050. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Coca-Cola Consolidated Stock Down 1.5 %

Shares of Coca-Cola Consolidated stock traded down $16.70 during trading on Monday, reaching $1,113.95. The company’s stock had a trading volume of 18,618 shares, compared to its average volume of 54,366. Coca-Cola Consolidated, Inc. has a 1-year low of $614.22 and a 1-year high of $1,137.06. The company has a 50-day simple moving average of $1,041.48 and a two-hundred day simple moving average of $921.86. The company has a quick ratio of 1.47, a current ratio of 1.87 and a debt-to-equity ratio of 0.38. The company has a market cap of $10.44 billion, a price-to-earnings ratio of 22.94 and a beta of 0.78.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its quarterly earnings data on Monday, May 6th. The company reported $17.31 earnings per share (EPS) for the quarter. The firm had revenue of $1.59 billion during the quarter. Coca-Cola Consolidated had a return on equity of 42.10% and a net margin of 6.83%.

Coca-Cola Consolidated Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, July 26th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, July 26th. This represents a $2.00 annualized dividend and a dividend yield of 0.18%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is presently 4.12%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Coca-Cola Consolidated from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 23rd.

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.