Los Angeles Capital Management LLC Reduces Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Los Angeles Capital Management LLC decreased its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 23.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,142 shares of the company’s stock after selling 985 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Coca-Cola Consolidated were worth $3,959,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of COKE. Newbridge Financial Services Group Inc. purchased a new position in shares of Coca-Cola Consolidated during the fourth quarter valued at approximately $29,000. Allworth Financial LP grew its position in Coca-Cola Consolidated by 260.0% in the 4th quarter. Allworth Financial LP now owns 36 shares of the company’s stock worth $48,000 after purchasing an additional 26 shares during the period. E Fund Management Hong Kong Co. Ltd. raised its stake in Coca-Cola Consolidated by 1,133.3% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 37 shares of the company’s stock valued at $47,000 after buying an additional 34 shares during the last quarter. Wingate Wealth Advisors Inc. bought a new position in shares of Coca-Cola Consolidated during the 4th quarter valued at $52,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Coca-Cola Consolidated in the 3rd quarter worth $72,000. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Performance

Shares of COKE opened at $1,398.23 on Friday. The firm has a market capitalization of $12.25 billion, a P/E ratio of 20.02 and a beta of 0.89. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.47 and a quick ratio of 2.15. Coca-Cola Consolidated, Inc. has a one year low of $800.76 and a one year high of $1,460.92. The business has a fifty day moving average of $1,328.90 and a 200 day moving average of $1,293.51.

Coca-Cola Consolidated (NASDAQ:COKE) last released its quarterly earnings results on Thursday, February 20th. The company reported $18.11 earnings per share (EPS) for the quarter. Coca-Cola Consolidated had a return on equity of 49.88% and a net margin of 9.18%. The business had revenue of $1.75 billion during the quarter.

Coca-Cola Consolidated Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 24th were given a $2.50 dividend. The ex-dividend date was Friday, January 24th. This represents a $10.00 annualized dividend and a yield of 0.72%. Coca-Cola Consolidated’s payout ratio is presently 14.32%.

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.