SG Americas Securities LLC Trims Stock Position in Coca-Cola Consolidated, Inc. $COKE

SG Americas Securities LLC lessened its stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 77.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,012 shares of the company’s stock after selling 17,321 shares during the quarter. SG Americas Securities LLC’s holdings in Coca-Cola Consolidated were worth $587,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COKE. Resona Asset Management Co. Ltd. lifted its stake in shares of Coca-Cola Consolidated by 900.0% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 4,550 shares of the company’s stock valued at $508,000 after purchasing an additional 4,095 shares during the period. CWM LLC grew its position in Coca-Cola Consolidated by 209.4% during the third quarter. CWM LLC now owns 13,378 shares of the company’s stock valued at $1,567,000 after buying an additional 9,054 shares during the period. Maryland State Retirement & Pension System increased its holdings in Coca-Cola Consolidated by 900.0% in the second quarter. Maryland State Retirement & Pension System now owns 2,820 shares of the company’s stock valued at $315,000 after buying an additional 2,538 shares in the last quarter. Hsbc Holdings PLC increased its holdings in Coca-Cola Consolidated by 663.7% in the second quarter. Hsbc Holdings PLC now owns 24,889 shares of the company’s stock valued at $2,778,000 after buying an additional 21,630 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Coca-Cola Consolidated in the second quarter worth about $280,669,000. 48.24% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Consolidated Price Performance

Shares of NASDAQ COKE opened at $149.91 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.79 and a current ratio of 2.04. The firm has a fifty day moving average of $158.78 and a 200 day moving average of $134.12. The firm has a market cap of $12.81 billion, a PE ratio of 21.34 and a beta of 0.65. Coca-Cola Consolidated, Inc. has a one year low of $105.21 and a one year high of $169.49.

Coca-Cola Consolidated Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 6th. Investors of record on Friday, January 23rd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, January 23rd. Coca-Cola Consolidated’s dividend payout ratio is 14.25%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Coca-Cola Consolidated has a consensus rating of “Buy”.

About Coca-Cola Consolidated

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.