AIA Group Ltd Grows Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

AIA Group Ltd increased its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 3.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 572 shares of the company’s stock after purchasing an additional 19 shares during the period. AIA Group Ltd’s holdings in Coca-Cola Consolidated were worth $531,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Mackenzie Financial Corp purchased a new position in shares of Coca-Cola Consolidated during the 4th quarter worth about $272,000. Louisiana State Employees Retirement System purchased a new position in shares of Coca-Cola Consolidated during the 4th quarter worth about $1,207,000. Mutual of America Capital Management LLC boosted its position in Coca-Cola Consolidated by 14.5% in the 4th quarter. Mutual of America Capital Management LLC now owns 8,193 shares of the company’s stock valued at $7,606,000 after buying an additional 1,037 shares during the period. International Assets Investment Management LLC purchased a new stake in Coca-Cola Consolidated in the 4th quarter valued at about $174,971,000. Finally, Nisa Investment Advisors LLC boosted its position in Coca-Cola Consolidated by 48.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 308 shares of the company’s stock valued at $286,000 after buying an additional 100 shares during the period. 48.24% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Price Performance

Coca-Cola Consolidated stock opened at $817.18 on Friday. The stock has a market cap of $7.66 billion, a price-to-earnings ratio of 18.80 and a beta of 0.74. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.56 and a quick ratio of 1.27. Coca-Cola Consolidated, Inc. has a 1 year low of $538.47 and a 1 year high of $961.91. The firm has a 50-day moving average of $834.18 and a two-hundred day moving average of $798.74.

Coca-Cola Consolidated (NASDAQ:COKE) last released its quarterly earnings data on Wednesday, February 21st. The company reported $13.39 earnings per share (EPS) for the quarter. Coca-Cola Consolidated had a net margin of 6.14% and a return on equity of 44.12%. The company had revenue of $1.63 billion during the quarter.

Coca-Cola Consolidated Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be issued a $0.50 dividend. The ex-dividend date is Thursday, April 25th. This represents a $2.00 annualized dividend and a dividend yield of 0.24%. Coca-Cola Consolidated’s dividend payout ratio is currently 4.60%.

Analyst Ratings Changes

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

Coca-Cola Consolidated Profile

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.