Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Shares Sold by Kapitalo Investimentos Ltda

Kapitalo Investimentos Ltda lessened its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKEFree Report) by 62.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 768 shares of the company’s stock after selling 1,262 shares during the period. Kapitalo Investimentos Ltda’s holdings in Coca-Cola Consolidated were worth $713,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Quest Partners LLC acquired a new stake in Coca-Cola Consolidated during the 4th quarter valued at $31,000. CWM LLC raised its position in shares of Coca-Cola Consolidated by 22.2% in the 4th quarter. CWM LLC now owns 66 shares of the company’s stock worth $61,000 after buying an additional 12 shares during the period. Sunbelt Securities Inc. raised its position in shares of Coca-Cola Consolidated by 100.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 74 shares of the company’s stock worth $47,000 after buying an additional 37 shares during the period. OLD Point Trust & Financial Services N A purchased a new position in shares of Coca-Cola Consolidated in the 4th quarter worth $93,000. Finally, Principal Securities Inc. purchased a new position in shares of Coca-Cola Consolidated in the 4th quarter worth $97,000. Institutional investors and hedge funds own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Up 0.5 %

NASDAQ:COKE traded up $5.33 during mid-day trading on Tuesday, hitting $1,007.01. The company had a trading volume of 7,960 shares, compared to its average volume of 49,595. The business has a fifty day simple moving average of $920.79 and a 200-day simple moving average of $880.64. The company has a current ratio of 1.87, a quick ratio of 1.47 and a debt-to-equity ratio of 0.38. Coca-Cola Consolidated, Inc. has a 1 year low of $614.22 and a 1 year high of $1,048.00. The firm has a market capitalization of $9.44 billion, a price-to-earnings ratio of 20.63 and a beta of 0.74.

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

Coca-Cola Consolidated Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Shareholders of record on Friday, April 26th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.20%. The ex-dividend date of this dividend was Thursday, April 25th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is presently 4.12%.

Wall Street Analyst Weigh In

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

Get Our Latest Stock Analysis on Coca-Cola Consolidated

About Coca-Cola Consolidated

(Free Report)

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.

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Institutional Ownership by Quarter for Coca-Cola Consolidated (NASDAQ:COKE)

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