Ameritas Investment Partners Inc. Has $1.29 Million Stock Holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Ameritas Investment Partners Inc. decreased its stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 0.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,518 shares of the company’s stock after selling 14 shares during the period. Ameritas Investment Partners Inc.’s holdings in Coca-Cola Consolidated were worth $1,285,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its stake in shares of Coca-Cola Consolidated by 98.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 2,326 shares of the company’s stock valued at $2,160,000 after buying an additional 1,153 shares during the period. Ontario Teachers Pension Plan Board boosted its holdings 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 worth $4,655,000 after acquiring an additional 3,745 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings 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 worth $5,388,000 after acquiring an additional 1,380 shares in the last quarter. Hancock Whitney Corp boosted 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 acquiring an additional 1,444 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Coca-Cola Consolidated by 3.5% in the third quarter. Vanguard Group Inc. now owns 580,785 shares of the company’s stock worth $369,565,000 after acquiring an additional 19,877 shares in the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity at Coca-Cola Consolidated

In other Coca-Cola Consolidated news, major shareholder Cola Co Coca sold 598,619 shares of the firm’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $925.00, for a total value of $553,722,575.00. Following the completion of the sale, the insider now directly owns 1,883,546 shares of the company’s stock, valued at $1,742,280,050. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Coca-Cola Consolidated Stock Performance

Shares of COKE traded down $21.07 on Wednesday, reaching $1,094.80. 34,097 shares of the company’s stock traded hands, compared to its average volume of 54,674. The company has a current ratio of 1.87, a quick ratio of 1.47 and a debt-to-equity ratio of 0.38. The stock has a market cap of $10.26 billion, a PE ratio of 22.60 and a beta of 0.78. The stock’s 50 day simple moving average is $1,031.11 and its two-hundred day simple moving average is $917.65. Coca-Cola Consolidated, Inc. has a 52-week low of $614.22 and a 52-week high of $1,134.49.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its quarterly earnings results on Monday, May 6th. The company reported $17.31 EPS for the quarter. The company 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 firm also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, July 26th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date is Friday, July 26th. Coca-Cola Consolidated’s payout ratio is 4.12%.

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.