Legal & General Group Plc Has $12.70 Million Stake in Coca-Cola Consolidated, Inc. $COKE

Legal & General Group Plc lowered its stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 23.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 82,852 shares of the company’s stock after selling 25,289 shares during the quarter. Legal & General Group Plc’s holdings in Coca-Cola Consolidated were worth $12,701,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of COKE. Quarry LP acquired a new position in shares of Coca-Cola Consolidated in the 3rd quarter valued at $25,000. Advisory Services Network LLC acquired a new position in shares of Coca-Cola Consolidated in the 3rd quarter valued at approximately $25,000. Smartleaf Asset Management LLC raised its holdings in Coca-Cola Consolidated by 175.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 220 shares of the company’s stock worth $26,000 after buying an additional 140 shares during the period. Newbridge Financial Services Group Inc. raised its holdings in shares of Coca-Cola Consolidated by 900.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 230 shares of the company’s stock worth $26,000 after acquiring an additional 207 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake 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 purchasing an additional 225 shares during the period. Institutional investors and hedge funds own 48.24% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Friday, March 27th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Coca-Cola Consolidated Trading Up 1.7%

Shares of NASDAQ:COKE opened at $175.00 on Wednesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.91 and a current ratio of 1.23. Coca-Cola Consolidated, Inc. has a 52-week low of $105.21 and a 52-week high of $219.65. The company has a 50-day simple moving average of $186.90 and a 200 day simple moving average of $174.93. The company has a market capitalization of $11.65 billion, a P/E ratio of 23.94 and a beta of 0.55.

Coca-Cola Consolidated (NASDAQ:COKE) last posted its earnings results on Wednesday, May 6th. The company reported $1.79 earnings per share for the quarter. Coca-Cola Consolidated had a return on equity of 138.44% and a net margin of 7.72%.The business had revenue of $1.71 billion for the quarter.

Coca-Cola Consolidated Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 24th were paid a $0.25 dividend. The ex-dividend date was Friday, April 24th. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. Coca-Cola Consolidated’s dividend payout ratio is 13.68%.

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.