Voya Investment Management LLC Sells 27,787 Shares of Coca-Cola Consolidated, Inc. $COKE

Voya Investment Management LLC decreased its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 39.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,629 shares of the company’s stock after selling 27,787 shares during the quarter. Voya Investment Management LLC’s holdings in Coca-Cola Consolidated were worth $4,994,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. raised its position in shares of Coca-Cola Consolidated by 900.0% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the company’s stock valued at $26,000 after buying an additional 207 shares in the last quarter. Newbridge Financial Services Group Inc. raised its position in Coca-Cola Consolidated by 900.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 230 shares of the company’s stock valued at $26,000 after purchasing an additional 207 shares in the last quarter. Geneos Wealth Management Inc. raised its position in Coca-Cola Consolidated by 900.0% during the second quarter. Geneos Wealth Management Inc. now owns 250 shares of the company’s stock valued at $28,000 after purchasing an additional 225 shares in the last quarter. Rakuten Securities Inc. lifted its stake in Coca-Cola Consolidated by 1,646.7% during the second quarter. Rakuten Securities Inc. now owns 262 shares of the company’s stock worth $29,000 after purchasing an additional 247 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Coca-Cola Consolidated by 1,587.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 270 shares of the company’s stock valued at $30,000 after purchasing an additional 254 shares in the last quarter. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Monday. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Coca-Cola Consolidated presently has a consensus rating of “Buy”.

Coca-Cola Consolidated Stock Performance

Shares of Coca-Cola Consolidated stock opened at $164.38 on Friday. The company’s 50 day moving average price is $152.44 and its two-hundred day moving average price is $128.37. The firm has a market capitalization of $14.05 billion, a P/E ratio of 23.40 and a beta of 0.63. Coca-Cola Consolidated, Inc. has a fifty-two week low of $105.21 and a fifty-two week high of $169.49. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.79.

Coca-Cola Consolidated Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Friday, October 24th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Friday, October 24th. Coca-Cola Consolidated’s dividend payout ratio is presently 14.25%.

Coca-Cola Consolidated Company Profile

Founded in 1902 and headquartered in Charlotte, North Carolina, Coca-Cola Consolidated, Inc is the largest independent bottler of Coca-Cola products in the United States. The company manufactures, sells and distributes a broad portfolio of sparkling and still beverages under exclusive agreements with The Coca-Cola Company. Its brand lineup includes Coca-Cola, Diet Coke, Sprite and Fanta, as well as noncarbonated offerings such as Minute Maid juices, Gold Peak teas, Dasani water, Powerade sports drinks and vitaminwater.

Coca-Cola Consolidated’s operations span 14 states and the District of Columbia across the Southeastern, South Central and Mid-Atlantic regions.