Intech Investment Management LLC Sells 4,303 Shares of Coca-Cola Consolidated, Inc. $COKE

Intech Investment Management LLC decreased its stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 22.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,473 shares of the company’s stock after selling 4,303 shares during the period. Intech Investment Management LLC’s holdings in Coca-Cola Consolidated were worth $2,219,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Fifth Third Bancorp grew its holdings in shares of Coca-Cola Consolidated by 16.0% in the 3rd quarter. Fifth Third Bancorp now owns 528 shares of the company’s stock valued at $62,000 after acquiring an additional 73 shares in the last quarter. Legacy Wealth Asset Management LLC grew its holdings in shares of Coca-Cola Consolidated by 2.3% in the 4th quarter. Legacy Wealth Asset Management LLC now owns 4,021 shares of the company’s stock valued at $616,000 after acquiring an additional 89 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of Coca-Cola Consolidated by 2.2% in the 3rd quarter. Private Advisor Group LLC now owns 4,297 shares of the company’s stock valued at $503,000 after acquiring an additional 94 shares in the last quarter. Foundations Investment Advisors LLC grew its holdings in shares of Coca-Cola Consolidated by 4.2% in the 4th quarter. Foundations Investment Advisors LLC now owns 2,406 shares of the company’s stock valued at $369,000 after acquiring an additional 97 shares in the last quarter. Finally, Alliance Wealth Management Group grew its holdings in shares of Coca-Cola Consolidated by 1.2% in the 4th quarter. Alliance Wealth Management Group now owns 8,589 shares of the company’s stock valued at $1,317,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Trading Up 1.3%

Coca-Cola Consolidated stock opened at $177.34 on Thursday. Coca-Cola Consolidated, Inc. has a 52 week low of $105.21 and a 52 week high of $219.65. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.91 and a current ratio of 1.23. The stock has a market capitalization of $11.80 billion, a P/E ratio of 24.26 and a beta of 0.55. The stock has a 50-day simple moving average of $186.15 and a 200 day simple moving average of $175.18.

Coca-Cola Consolidated (NASDAQ:COKE) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $1.79 EPS 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 during the quarter.

Coca-Cola Consolidated Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 24th were issued a dividend of $0.25 per share. 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 (DPR) is presently 13.68%.

Analysts Set New Price Targets

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