LSV Asset Management Decreases Holdings in Coca-Cola Consolidated, Inc. $COKE

LSV Asset Management reduced its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 53.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 43,500 shares of the company’s stock after selling 50,800 shares during the quarter. LSV Asset Management owned approximately 0.05% of Coca-Cola Consolidated worth $5,096,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nomura Asset Management Co. Ltd. lifted its stake in Coca-Cola Consolidated by 900.0% during the second quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the company’s stock worth $26,000 after purchasing an additional 207 shares during the last quarter. Root Financial Partners LLC acquired a new stake in Coca-Cola Consolidated during the third quarter worth approximately $26,000. Smartleaf Asset Management LLC raised its holdings in Coca-Cola Consolidated by 175.0% during the third quarter. Smartleaf Asset Management LLC now owns 220 shares of the company’s stock worth $26,000 after purchasing an additional 140 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its position in shares of Coca-Cola Consolidated by 900.0% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 230 shares of the company’s stock worth $26,000 after buying an additional 207 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Coca-Cola Consolidated by 900.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 250 shares of the company’s stock valued at $28,000 after buying an additional 225 shares in the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

Coca-Cola Consolidated Price Performance

COKE stock opened at $161.91 on Monday. The company has a current ratio of 2.04, a quick ratio of 1.79 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $13.84 billion, a P/E ratio of 23.05 and a beta of 0.64. The business has a 50 day simple moving average of $156.02 and a 200-day simple moving average of $138.93. Coca-Cola Consolidated, Inc. has a twelve month low of $105.21 and a twelve month high of $169.49.

Coca-Cola Consolidated Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 6th. Investors of record on Friday, January 23rd were paid a dividend of $0.25 per share. The ex-dividend date was Friday, January 23rd. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. Coca-Cola Consolidated’s dividend payout ratio is currently 14.25%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Coca-Cola Consolidated 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.